This morning we watched PNC Financial Services drop -3.4% to a price of $193.55 per share. The Large-Cap Banking company is now trading -11.26% below its average target price of $218.11. Analysts have set target prices ranging from $181.0 to $257.0 per share for PNC Financial Services, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.2%, and a short ratio of 2.63. The company's insiders own 0.36% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 86.6% of PNC Financial Services's shares being owned by this investor type.
Institutions Invested in PNC Financial Services
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 37,448,540 | $7,248,165,031 |
| 2024-09-30 | Blackrock Inc. | 7% | 29,697,466 | $5,747,944,634 |
| 2024-09-30 | State Street Corporation | 4% | 17,299,381 | $3,348,295,245 |
| 2024-09-30 | FMR, LLC | 4% | 16,706,273 | $3,233,499,190 |
| 2024-09-30 | Capital International Investors | 4% | 14,582,954 | $2,822,530,791 |
| 2024-09-30 | Capital Research Global Investors | 3% | 12,409,220 | $2,401,804,568 |
| 2024-09-30 | Franklin Resources, Inc. | 3% | 10,286,202 | $1,990,894,428 |
| 2024-09-30 | JP Morgan Chase & Company | 2% | 9,548,175 | $1,848,049,300 |
| 2024-09-30 | Bank of America Corporation | 2% | 8,702,146 | $1,684,300,384 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 8,367,424 | $1,619,514,940 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on PNC Financial Services.
