The PNC Financial Services Group, Inc. (NYSE:PNC) Receives $157.02 Average PT from Brokerages

The PNC Financial Services Group, Inc. (NYSE:PNC) has received a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $157.02.

A number of brokerages have weighed in on PNC. StockNews.com downgraded The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 21st. Jefferies Financial Group dropped their price target on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price objective 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, May 1st. HSBC upgraded shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and upped their price objective for the company from $141.00 to $155.00 in a report on Thursday, March 28th. Finally, The Goldman Sachs Group raised their target price on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st.

The PNC Financial Services Group Stock Up 1.0 %

NYSE:PNC opened at $154.26 on Monday. The firm has a market capitalization of $61.38 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 2.97 and a beta of 1.16. 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 PNC Financial Services Group has a twelve month low of $109.40 and a twelve month high of $162.24. The stock’s 50 day moving average price is $155.95 and its two-hundred day moving average price is $149.24.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The firm 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 company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.98 earnings per share. Equities research analysts expect that The PNC Financial Services Group will post 12.63 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, May 5th. Investors of record on Monday, April 15th were given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

Insider Buying and Selling at The PNC Financial Services Group

In related news, EVP Richard Kevin Bynum sold 850 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $155.87, for a total value of $132,489.50. Following the transaction, the executive vice president now owns 3,502 shares in the company, valued at $545,856.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Institutional Trading of The PNC Financial Services Group

Several large investors have recently made changes to their positions in PNC. Coldstream Capital Management Inc. increased its stake in shares of The PNC Financial Services Group by 6.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 5,223 shares of the financial services provider’s stock valued at $641,000 after purchasing an additional 311 shares during the last quarter. California Public Employees Retirement System raised its stake in The PNC Financial Services Group by 0.9% during the third quarter. California Public Employees Retirement System now owns 755,678 shares of the financial services provider’s stock worth $92,775,000 after acquiring an additional 7,042 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of The PNC Financial Services Group by 7.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,728 shares of the financial services provider’s stock worth $1,072,000 after acquiring an additional 599 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of The PNC Financial Services Group by 13.9% in the 3rd quarter. Private Advisor Group LLC now owns 57,866 shares of the financial services provider’s stock valued at $7,104,000 after purchasing an additional 7,082 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of The PNC Financial Services Group by 5.1% during the 3rd quarter. Main Street Financial Solutions LLC now owns 2,332 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 114 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

About The PNC Financial Services Group

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.