Fintel reports that on July 19, 2023, Morgan Stanley maintained coverage of PNC Financial Services Group (NYSE:PNC) with a Underweight recommendation.
Analyst Price Forecast Suggests 9.36% Upside
As of July 5, 2023, the average one-year price target for PNC Financial Services Group is 144.76. The forecasts range from a low of 119.18 to a high of $195.30. The average price target represents an increase of 9.36% from its latest reported closing price of 132.37.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for PNC Financial Services Group is 23,502MM, an increase of 11.33%. The projected annual non-GAAP EPS is 16.20.
What is the Fund Sentiment?
There are 2359 funds or institutions reporting positions in PNC Financial Services Group. This is an increase of 22 owner(s) or 0.94% in the last quarter. Average portfolio weight of all funds dedicated to PNC is 0.35%, a decrease of 24.17%. Total shares owned by institutions decreased in the last three months by 4.74% to 377,425K shares. 
The put/call ratio of PNC is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 12,375K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 12,260K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in PNC by 24.99% over the last quarter.
T. Rowe Price Investment Management holds 11,857K shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 13,071K shares, representing a decrease of 10.23%. The firm decreased its portfolio allocation in PNC by 31.79% over the last quarter.
Jpmorgan Chase holds 9,670K shares representing 2.42% ownership of the company. In it's prior filing, the firm reported owning 9,269K shares, representing an increase of 4.14%. The firm decreased its portfolio allocation in PNC by 90.26% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 9,357K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 9,324K shares, representing an increase of 0.36%. The firm decreased its portfolio allocation in PNC by 25.10% over the last quarter.
Bank Of America holds 9,066K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 9,265K shares, representing a decrease of 2.19%. The firm decreased its portfolio allocation in PNC by 28.99% 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.
Additional reading:
- PNC REPORTS SECOND QUARTER 2023 NET INCOME OF $1.5 BILLION, $3.36 DILUTED EPS Increased capital; strong credit quality; 4Q23 SCB requirement of 2.5% Raised quarterly common stock dividend 5 cents to $1.55 per share on July 3, 2023 PITTSBURGH, July 18
- THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT SECOND QUARTER 2023 THE PNC FINANCIAL SERVICES GROUP, INC. FINANCIAL SUPPLEMENT SECOND QUARTER 2023 Consolidated Results: Page Income Statement 1 Balance Sheet 2 Average Balance Sheet 3 Deta
- The PNC Financial Services Group Second Quarter 2023 Earnings Conference Call July 18, 2023 Exhibit 99.1 Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information Our earnings conference call presentation is not intended as a
- Exhibit 4.3 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SENIOR NOTES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE D
- Exhibit 4.4 UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SENIOR NOTES IN CERTIFICATED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE D
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
