News

Fintel reports that on July 8, 2024, UBS upgraded their outlook for PNC Financial Services Group (NYSE:PNC) from Neutral to Buy.

Analyst Price Forecast Suggests 8.72% Upside

As of July 3, 2024, the average one-year price target for PNC Financial Services Group is $172.66/share. The forecasts range from a low of $153.52 to a high of $208.95. The average price target represents an increase of 8.72% from its latest reported closing price of $158.81 / share.

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The projected annual revenue for PNC Financial Services Group is 23,914MM, an increase of 17.40%. The projected annual non-GAAP EPS is 16.88.

What is the Fund Sentiment?

There are 2,457 funds or institutions reporting positions in PNC Financial Services Group. This is an increase of 46 owner(s) or 1.91% in the last quarter. Average portfolio weight of all funds dedicated to PNC is 0.35%, an increase of 4.08%. Total shares owned by institutions decreased in the last three months by 1.64% to 398,184K shares.

The put/call ratio of PNC is 0.82, indicating a bullish outlook.

What are Other Shareholders Doing?

Capital International Investors holds 15,818K shares representing 3.98% ownership of the company. In its prior filing, the firm reported owning 15,740K shares , representing an increase of 0.50%. The firm decreased its portfolio allocation in PNC by 5.28% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,503K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 12,503K shares , representing a decrease of 0.00%. The firm decreased its portfolio allocation in PNC by 4.86% over the last quarter.

Jpmorgan Chase holds 10,193K shares representing 2.56% ownership of the company. In its prior filing, the firm reported owning 10,638K shares , representing a decrease of 4.37%. The firm decreased its portfolio allocation in PNC by 90.19% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 10,031K shares representing 2.52% ownership of the company. In its prior filing, the firm reported owning 9,730K shares , representing an increase of 3.00%. The firm decreased its portfolio allocation in PNC by 5.15% over the last quarter.

Wellington Management Group Llp holds 9,957K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 10,872K shares , representing a decrease of 9.19%. The firm decreased its portfolio allocation in PNC by 87.09% over the last quarter.

PNC Financial Services Group Background Information
(This description is provided by the company.)

he PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

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