Shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) have received an average rating of “Hold” from the twenty-five analysts that are presently covering the company, MarketBeat reports. Sixteen equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $136.71.

PNC has been the topic of several recent analyst reports. Zacks Investment Research downgraded PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. UBS lifted their target price on PNC Financial Services Group from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, October 16th. Wells Fargo & Company set a $135.00 target price on PNC Financial Services Group and gave the company a “hold” rating in a research note on Thursday, October 19th. Royal Bank Of Canada lifted their target price on PNC Financial Services Group from $130.00 to $145.00 and gave the company a “top pick” rating in a research note on Monday, October 16th. Finally, BidaskClub downgraded PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th.

PNC Financial Services Group (NYSE PNC) traded up $4.05 during midday trading on Friday, hitting $139.73. The stock had a trading volume of 2,909,500 shares, compared to its average volume of 2,199,395. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92. PNC Financial Services Group has a 1 year low of $109.16 and a 1 year high of $140.07. The company has a market capitalization of $64,560.00, a P/E ratio of 16.19, a P/E/G ratio of 1.77 and a beta of 0.91.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.13 by $0.03. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company earned $1.84 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts forecast that PNC Financial Services Group will post 8.44 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Monday, October 16th. PNC Financial Services Group’s payout ratio is 36.54%.

In other PNC Financial Services Group news, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total value of $675,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Orlando C. Esposito sold 4,505 shares of PNC Financial Services Group stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $138.85, for a total value of $625,519.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,640 shares of company stock worth $1,729,952. Corporate insiders own 0.43% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its holdings in shares of PNC Financial Services Group by 1,365.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 710 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of PNC Financial Services Group by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 91 shares during the period. First Interstate Bank boosted its holdings in shares of PNC Financial Services Group by 2.6% in the 2nd quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 25 shares during the period. Atlantic Trust LLC purchased a new position in shares of PNC Financial Services Group in the 2nd quarter worth approximately $129,000. Finally, Legacy Advisors LLC purchased a new position in shares of PNC Financial Services Group in the 3rd quarter worth approximately $136,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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PNC Financial Services Group Company Profile

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.

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

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