A number of firms have modified their ratings and price targets on shares of PNC Financial Services Group, Inc. (The) (NYSE: PNC) recently:

  • 8/9/2017 – PNC Financial Services Group, Inc. (The) is now covered by analysts at Wells Fargo & Company. They set a “market perform” rating and a $119.00 price target on the stock.
  • 8/3/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PNC Financial’s shares outperformed the industry, over the last one year. The company’s second-quarter 2017 earnings beat the Zacks Consensus Estimate. Higher revenues aided by loan growth were recorded. Though expenses escalated in the quarter, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  In addition, the company increased its prime lending rate to 4.25% following the latest Fed rate hike with easing margin pressure. Notably, following Fed's approval of 2017 capital plan, the company hiked its quarterly dividend by 36%.”
  • 8/3/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/28/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $143.00 price target on the stock. According to Zacks, “PNC Financial’s shares outperformed the industry, over the last one year. The company’s second-quarter 2017 earnings beat the Zacks Consensus Estimate. Higher revenues aided by loan growth was recorded. Though expenses escalated in the quarter, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  In addition, the company increased its prime lending rate to 4.25% following the latest Fed rate hike with easing margin pressure. Notably, following Fed's approval of 2017 capital plan, the company hiked its quarterly dividend by 36%.”
  • 7/27/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PNC Financial’s shares outperformed the industry, over the last one year. The company’s second-quarter 2017 earnings beat the Zacks Consensus Estimate. Higher revenues aided by loan growth was recorded. Though expenses escalated in the quarter, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  In addition, the company increased its prime lending rate to 4.25% following the latest Fed rate hike with easing margin pressure. Notably, following Fed's approval of 2017 capital plan, the company hiked its quarterly dividend by 36%.”
  • 7/27/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $130.00 price target on the stock, up previously from $120.00.
  • 7/18/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $142.00 price target on the stock. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. The company’s second-quarter 2017 earnings beat the Zacks Consensus Estimate on higher revenues aided by loan growth. Though expenses escalated in the quarter, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  In addition, the company increased its prime lending rate to 4.25% following the latest Fed rate hike with easing margin pressure. Notably, following Fed's approval of 2017 capital plan, the company hiked its quarterly dividend by 36%.”
  • 7/17/2017 – PNC Financial Services Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $126.00 price target on the stock, up previously from $114.00.
  • 7/17/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Rafferty Capital Markets from a “hold” rating to a “buy” rating.
  • 7/17/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at Nomura from $126.00 to $129.00. They now have a “neutral” rating on the stock.
  • 7/17/2017 – PNC Financial Services Group, Inc. (The) had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $127.00 price target on the stock, up previously from $121.00.
  • 7/14/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $136.00 price target on the stock.
  • 7/14/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $129.00 price target on the stock.
  • 7/12/2017 – PNC Financial Services Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $126.00 price target on the stock.
  • 7/10/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last one year. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  Though the company increased its prime lending rate to 4.25% following the latest Fed rate hike, however, margin pressure is not expected to ease drastically in the upcoming quarters. Nevertheless, following Fed's approval of 2017 capital plan recently, the company hiked its quarterly dividend by 36%.”
  • 7/5/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/4/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $140.00 price target on the stock. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  Though the company increased its prime lending rate to 4.25% following the latest Fed rate hike, however, margin pressure is not expected to ease drastically in the upcoming quarters. Nevertheless, Fed's approval of 2017 capital plan depicts the bank's financial stability.”
  • 6/30/2017 – PNC Financial Services Group, Inc. (The) had its price target lowered by analysts at Instinet from $127.00 to $126.00. They now have a “neutral” rating on the stock.
  • 6/24/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/23/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $134.00 price target on the stock.
  • 6/19/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  Though the company increased its prime lending rate to 4.25% following the latest Fed rate hike, however, margin pressure is not expected to ease drastically in the upcoming quarters.”
  • 6/15/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $130.00 price target on the stock.
  • 6/14/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) traded down 2.08% during trading on Thursday, reaching $128.99. 2,651,970 shares of the company were exchanged. The stock’s 50-day moving average is $126.80 and its 200-day moving average is $123.18. PNC Financial Services Group, Inc. has a 52-week low of $84.60 and a 52-week high of $133.26. The firm has a market cap of $61.81 billion, a price-to-earnings ratio of 16.42 and a beta of 0.93.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.08. PNC Financial Services Group, Inc. (The) had a net margin of 24.50% and a return on equity of 9.17%. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts predict that PNC Financial Services Group, Inc. will post $8.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Monday, July 17th were paid a $0.75 dividend. This is an increase from PNC Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.55. This represents a $3.00 annualized dividend and a yield of 2.33%. The ex-dividend date was Thursday, July 13th. PNC Financial Services Group, Inc. (The)’s payout ratio is 38.12%.

In other PNC Financial Services Group, Inc. (The) news, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group, Inc. (The) stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $128.31, for a total value of $641,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Hannon sold 24,111 shares of PNC Financial Services Group, Inc. (The) stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $126.45, for a total transaction of $3,048,835.95. Following the completion of the sale, the insider now directly owns 83,931 shares of the company’s stock, valued at $10,613,074.95. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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