PNC Financial Services Group (NYSE:PNC) had its price objective hoisted by Argus to $170.00 in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the financial services provider’s stock. Argus’ target price points to a potential upside of 10.66% from the company’s current price.

Several other brokerages have also weighed in on PNC. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $162.00 price objective on shares of PNC Financial Services Group in a report on Friday, December 29th. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Tuesday, October 31st. Goldman Sachs Group lowered shares of PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a report on Thursday, January 4th. Credit Suisse Group reiterated a “hold” rating and set a $150.00 price objective on shares of PNC Financial Services Group in a report on Friday, January 5th. Finally, UBS Group boosted their target price on shares of PNC Financial Services Group from $133.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, October 16th. Eighteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $144.02.

Shares of PNC Financial Services Group (NYSE:PNC) traded down $0.61 during midday trading on Tuesday, hitting $153.62. 1,452,187 shares of the stock traded hands, compared to its average volume of 2,607,500. PNC Financial Services Group has a 52-week low of $113.66 and a 52-week high of $154.93. The firm has a market capitalization of $73,300.00, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.48 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business earned $1.97 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. sell-side analysts forecast that PNC Financial Services Group will post 10.03 earnings per share for the current fiscal year.

In other news, insider Robert Q. Reilly sold 19,576 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the completion of the transaction, the insider now directly owns 103,299 shares of the company’s stock, valued at approximately $15,031,037.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the transaction, the insider now directly owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The disclosure for this sale can be found here. Insiders sold a total of 103,523 shares of company stock valued at $14,717,168 over the last ninety days. 0.43% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in PNC. FMR LLC grew its position in shares of PNC Financial Services Group by 13.9% during the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after acquiring an additional 1,915,923 shares during the period. Principal Financial Group Inc. lifted its stake in shares of PNC Financial Services Group by 240.4% during the 2nd quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock valued at $298,281,000 after buying an additional 1,686,944 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of PNC Financial Services Group by 2,624.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock valued at $213,239,000 after buying an additional 1,645,007 shares in the last quarter. Koch Industries Inc. lifted its stake in shares of PNC Financial Services Group by 78,828.1% during the 2nd quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock valued at $1,340,000 after buying an additional 1,348,748 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of PNC Financial Services Group by 7.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after buying an additional 875,164 shares in the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

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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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