PNC Financial Services Group Inc. (NYSE:PNC) was upgraded by equities research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Monday. The brokerage presently has a $101.00 price objective on the stock, up from their previous price objective of $94.00. BMO Capital Markets’ target price would indicate a potential upside of 11.78% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other equities research analysts have also weighed in on the stock. Vetr lowered shares of PNC Financial Services Group from a “strong-buy” rating to a “buy” rating and set a $99.22 target price on the stock. in a report on Tuesday, May 24th. FBR & Co reiterated a “buy” rating on shares of PNC Financial Services Group in a report on Monday, July 18th. Nomura upgraded shares of PNC Financial Services Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $95.00 to $84.00 in a report on Thursday, July 7th. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of PNC Financial Services Group in a report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus target price of $96.50.

Analyst Recommendations for PNC Financial Services Group (NYSE:PNC)

Shares of PNC Financial Services Group (NYSE:PNC) opened at 90.36 on Monday. PNC Financial Services Group has a one year low of $77.40 and a one year high of $97.50. The company has a 50-day moving average of $87.43 and a 200-day moving average of $85.63. The company has a market capitalization of $44.40 billion, a PE ratio of 12.47 and a beta of 0.88.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, July 15th. The company reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.07. PNC Financial Services Group had a net margin of 24.32% and a return on equity of 9.22%. The business had revenue of $3.79 billion for the quarter. During the same quarter in the prior year, the company earned $1.88 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts anticipate that PNC Financial Services Group will post $7.10 earnings per share for the current year.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 33,000 shares of PNC Financial Services Group stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $86.49, for a total value of $2,854,170.00. Following the completion of the sale, the insider now owns 87,573 shares in the company, valued at approximately $7,574,188.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Hesse acquired 500 shares of the company’s stock in a transaction on Thursday, July 21st. The stock was acquired at an average price of $82.44 per share, with a total value of $41,220.00. Following the purchase, the director now directly owns 1,100 shares in the company, valued at $90,684. The disclosure for this purchase can be found here. 0.57% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. boosted its position in shares of PNC Financial Services Group by 21.9% in the second quarter. Macquarie Group Ltd. now owns 89,625 shares of the company’s stock valued at $7,295,000 after buying an additional 16,127 shares during the last quarter. Williams Jones & Associates LLC boosted its position in shares of PNC Financial Services Group by 8.8% in the second quarter. Williams Jones & Associates LLC now owns 67,764 shares of the company’s stock valued at $5,515,000 after buying an additional 5,499 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of PNC Financial Services Group during the second quarter valued at approximately $1,641,000. Kentucky Retirement Systems purchased a new position in shares of PNC Financial Services Group during the second quarter valued at approximately $3,456,000. Finally, Northwestern Mutual Investment Management Company LLC boosted its position in shares of PNC Financial Services Group by 22.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 648,603 shares of the company’s stock valued at $52,790,000 after buying an additional 120,936 shares during the last quarter. Institutional investors and hedge funds own 80.21% of the company’s stock.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

5 Day Chart for NYSE:PNC

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