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In a recent transaction, Mark Wiedman, the President of PNC Financial Services Group, Inc. (NYSE:PNC), a prominent player in the banking sector with a market capitalization of $68 billion, purchased 20 shares of the company’s common stock. The shares were acquired on May 20, 2025, at a price of $178.40 each, amounting to a total investment of $3,568. This acquisition increases Wiedman’s direct ownership in the company to 20 shares. According to InvestingPro data, PNC currently trades at an attractive P/E ratio of 12.1 and offers a 3.7% dividend yield, having maintained dividend payments for 55 consecutive years. Analysts maintain a moderate buy consensus with price targets ranging from $162 to $235.
In other recent news, PNC Financial Services Group Inc. announced that its Chief Operating Officer, E William Parsley III, will step down from his position effective July 1, 2025. Parsley will transition to the role of Executive Advisor until the end of the year, as the company reorganizes its operating functions. At its recent annual shareholder meeting, PNC Financial saw strong support, with all 13 director nominees elected and executive compensation approved by over 93% of the votes. In financial updates, RBC Capital adjusted its price target for PNC Financial from $205 to $195, maintaining an Outperform rating, while Keefe, Bruyette & Woods lowered their target to $185 and maintained an Underperform rating. Evercore ISI also revised its price target to $180, citing cautious credit forecasts but keeping an Outperform rating. PNC’s recent earnings report showed a mixed outcome, with net interest income exceeding expectations but core fee income falling short. Despite these mixed results, PNC maintained its full-year earnings guidance, supported by stronger than anticipated loan growth. Raymond (NSE:RYMD) James analysts maintained a Market Perform rating for PNC, noting the company’s solid first-quarter results and its stable reputation amidst market volatility.
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