PNC Financial Services Group (NYSE:PNC) had its target price increased by Morgan Stanley from $138.00 to $142.00 in a research note published on Monday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on the company. Royal Bank of Canada reduced their price objective on PNC Financial Services Group to $150.00 and set an average rating on the stock in a research note on Thursday, January 17th. Bank of America cut PNC Financial Services Group from a buy rating to a neutral rating in a research note on Thursday, January 10th. Goldman Sachs Group cut PNC Financial Services Group from a buy rating to a neutral rating and reduced their price objective for the stock from $154.00 to $144.00 in a research note on Monday, January 7th. Macquarie upgraded PNC Financial Services Group from a neutral rating to an outperform rating in a research note on Wednesday, March 6th. Finally, Barclays reduced their price objective on PNC Financial Services Group from $173.00 to $156.00 and set an equal weight rating on the stock in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $145.66.

Shares of PNC opened at $131.06 on Monday. PNC Financial Services Group has a 12-month low of $108.45 and a 12-month high of $152.29. The firm has a market cap of $60.19 billion, a P/E ratio of 12.24, a PEG ratio of 1.55 and a beta of 1.05. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.23.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.61. PNC Financial Services Group had a return on equity of 11.20% and a net margin of 25.93%. The firm had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.24 billion. During the same period last year, the business posted $2.43 earnings per share. As a group, analysts predict that PNC Financial Services Group will post 11.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Tuesday, April 16th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Monday, April 15th. PNC Financial Services Group’s payout ratio is 35.48%.

In other PNC Financial Services Group news, EVP Robert Q. Reilly sold 12,361 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $122.50, for a total value of $1,514,222.50. Following the sale, the executive vice president now directly owns 118,671 shares in the company, valued at $14,537,197.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin Pfinsgraff bought 500 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was bought at an average price of $125.69 per share, for a total transaction of $62,845.00. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of PNC Financial Services Group by 1.3% during the fourth quarter. BlackRock Inc. now owns 27,642,474 shares of the financial services provider’s stock valued at $3,231,680,000 after purchasing an additional 341,904 shares during the period. FMR LLC increased its holdings in shares of PNC Financial Services Group by 32.7% during the fourth quarter. FMR LLC now owns 10,859,988 shares of the financial services provider’s stock valued at $1,269,641,000 after purchasing an additional 2,677,895 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of PNC Financial Services Group by 11,450.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,000,055 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 5,948,109 shares during the period. Geode Capital Management LLC increased its holdings in shares of PNC Financial Services Group by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 5,547,745 shares of the financial services provider’s stock valued at $647,356,000 after purchasing an additional 323,714 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of PNC Financial Services Group by 1.4% during the fourth quarter. Northern Trust Corp now owns 5,341,413 shares of the financial services provider’s stock valued at $624,465,000 after purchasing an additional 71,882 shares during the period. Institutional investors own 82.27% of the company’s stock.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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