The PNC Financial Services Group, Inc. (NYSE:PNC) Receives $156.63 Average PT from Brokerages

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $157.02.

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Bank of America raised their target price on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Morgan Stanley raised their target price on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. dropped their target price on shares of The PNC Financial Services Group from $163.50 to $163.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and raised their target price for the stock from $141.00 to $155.00 in a research report on Thursday, March 28th.

The PNC Financial Services Group Trading Up 0.4 %

Shares of PNC opened at $153.94 on Thursday. The stock has a market capitalization of $61.24 billion, a P/E ratio of 12.93, a PEG ratio of 1.76 and a beta of 1.18. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The firm has a fifty day simple moving average of $153.18 and a two-hundred day simple moving average of $144.07. The PNC Financial Services Group has a twelve month low of $109.40 and a twelve month high of $162.24.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.98 EPS. On average, research analysts anticipate that The PNC Financial Services Group will post 12.65 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be paid a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.03%. The PNC Financial Services Group’s dividend payout ratio is presently 52.06%.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

Institutional Trading of The PNC Financial Services Group

A number of large investors have recently made changes to their positions in the stock. Rockline Wealth Management LLC purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth approximately $1,825,000. KPP Advisory Services LLC purchased a new position in shares of The PNC Financial Services Group in the third quarter worth approximately $323,000. AQR Capital Management LLC boosted its holdings in shares of The PNC Financial Services Group by 144.2% in the third quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider’s stock worth $14,032,000 after buying an additional 67,490 shares during the last quarter. Trust Point Inc. purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth approximately $459,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth approximately $295,000. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.