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.
Company profile
Ticker
PNC
Exchange
Website
CEO
William Demchak
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
PNC BANK CORP, PNC FINANCIAL SERVICES GROUP INC
SEC CIK
Corporate docs
Subsidiaries
PNC Bancorp, Inc. • PNC Equipment Finance, LLC • PNC Merchant Services Company • PNC NCNVINV, Inc. • PNC Holding, LLC • PNC Investment Company, LLC • PNC Capital Markets, LLC • PNC Capital Finance, LLC ...
IRS number
251435979
PNC stock data
Analyst ratings and price targets
Current price
Average target
$181.66
Low target
$160.00
High target
$218.00
Morgan Stanley
Maintains
$163.00
Baird
Maintains
$205.00
Credit Suisse
Maintains
$165.00
UBS
Downgraded
$176.00
Odeon Capital
Upgraded
$176.27
Deutsche Bank
Upgraded
$190.00
B of A Securities
Downgraded
$160.00
Barclays
Maintains
$218.00
Latest filings (excl ownership)
FWP
Free writing prospectus
2 Feb 23
424B5
Prospectus supplement for primary offering
2 Feb 23
8-K
Other Events
24 Jan 23
424B2
Prospectus for primary offering
20 Jan 23
424B2
Prospectus for primary offering
20 Jan 23
FWP
Free writing prospectus
19 Jan 23
FWP
Free writing prospectus
19 Jan 23
424B5
Prospectus supplement for primary offering
19 Jan 23
424B5
Prospectus supplement for primary offering
19 Jan 23
8-K
Other Events
18 Jan 23
Transcripts
PNC
Earnings call transcript
2022 Q4
18 Jan 23
PNC
Earnings call transcript
2022 Q3
14 Oct 22
PNC
Earnings call transcript
2022 Q2
15 Jul 22
PNC
Earnings call transcript
2022 Q1
14 Apr 22
PNC
Earnings call transcript
2021 Q4
18 Jan 22
PNC
Earnings call transcript
2021 Q3
15 Oct 21
PNC
Earnings call transcript
2021 Q2
14 Jul 21
PNC
Earnings call transcript
2021 Q1
16 Apr 21
PNC
Earnings call transcript
2020 Q4
15 Jan 21
PNC
Earnings call transcript
2020 Q3
14 Oct 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Revenue | |||||
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| Net profit margin | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 6.55 bn | 6.55 bn | 6.55 bn | 6.55 bn | 6.55 bn | 6.55 bn |
| Cash burn (monthly) | 678.00 mm | 191.25 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 2.81 bn | 791.43 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 3.74 bn | 5.76 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 5.5 | 30.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
77.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1375 |
| Opened positions | 98 |
| Closed positions | 102 |
| Increased positions | 561 |
| Reduced positions | 441 |
| 13F shares | Current |
|---|---|
| Total value | 46.70 bn |
| Total shares | 312.36 mm |
| Total puts | 2.77 mm |
| Total calls | 2.48 mm |
| Total put/call ratio | 1.1 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 37.51 mm | $5.60 bn |
| BLK Blackrock | 30.53 mm | $4.56 bn |
| Capital Research Global Investors | 15.52 mm | $2.32 bn |
| T. Rowe Price Investment Management | 12.21 mm | $1.82 bn |
| Wellington Management | 12.10 mm | $1.81 bn |
| JPM JPMorgan Chase & Co. | 11.26 mm | $1.68 bn |
| FMR | 11.01 mm | $1.64 bn |
| Capital World Investors | 10.39 mm | $1.55 bn |
| BAC Bank Of America | 9.23 mm | $1.38 bn |
| Geode Capital Management | 7.02 mm | $1.05 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 20 Jan 23 | William S Demchak | $5 Par Common Stock | Buy | Acquire P | No | No | 153.38 | 6,550 | 1.00 mm | 482,924 |
| 3 Jan 23 | Cafaro Debra A | Phantom Stock Unit $5 Par Common Stock | Grant | Acquire A | Yes | No | 159.52 | 186 | 29.67 k | 5,185 |
| 3 Jan 23 | Cheshire Marjorie Rodgers | Phantom Stock Unit $5 Par Common Stock | Grant | Acquire A | Yes | No | 159.52 | 51 | 8.14 k | 4,455 |
| 3 Jan 23 | Andrew T Feldstein | Phantom Stock Unit $5 Par Common Stock | Grant | Acquire A | Yes | No | 159.52 | 276 | 44.03 k | 14,120 |
| 1 Nov 22 | William S Demchak | $5 Par Common Stock | Gift | Dispose G | No | No | 0 | 620 | 0.00 | 476,374 |
News
PNC Faces Price Target Cuts By Analysts Following Weak Q4 Results
19 Jan 23
Morgan Stanley Maintains Underweight on PNC Financial Services Gr, Lowers Price Target to $163
19 Jan 23
Baird Maintains Outperform on PNC Financial Services Gr, Lowers Price Target to $205
19 Jan 23
Credit Suisse Maintains Neutral on PNC Financial Services Gr, Lowers Price Target to $165
19 Jan 23
Volatility In Markets Increases, Dow Tumbles Over 600 Points
19 Jan 23
Press releases
Harris Williams Advises Scott Dunn on its Pending Sale to Flight Centre Travel Group
2 Feb 23
PNC BANK, N.A. CHANGES PRIME RATE
1 Feb 23
Harris Williams Advises Magaya Corporation on its Recapitalization by Apax Digital
31 Jan 23
Harris Williams Advises Prima Solutions on its Sale to Total Specific Solutions
27 Jan 23
PNC ISSUES SECOND GREEN BOND FOR $1.25 BILLION
25 Jan 23