Royal Bank Of Canada Boosts PNC Financial Services Group, Inc. (The) (NYSE:PNC) Price Target to $145.00

PNC Financial Services Group, Inc. (The) (NYSE:PNC) had its price objective raised by equities research analysts at Royal Bank Of Canada from $130.00 to $145.00 in a report released on Monday, October 16th, Marketbeat.com reports. The brokerage currently has a “top pick” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 5.19% from the company’s current price.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Tuesday, October 10th. Citigroup Inc. restated a “neutral” rating and set a $144.00 price objective (up previously from $125.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, October 9th. J P Morgan Chase & Co restated an “overweight” rating and set a $139.50 price objective (up previously from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a research report on Friday, October 6th. Stephens lowered PNC Financial Services Group, Inc. (The) from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $135.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research report on Wednesday, October 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $133.85.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) opened at 137.85 on Monday. The company’s 50 day moving average price is $132.50 and its 200 day moving average price is $126.11. The company has a market capitalization of $65.62 billion, a P/E ratio of 16.86 and a beta of 0.95. PNC Financial Services Group, Inc. has a 12 month low of $94.30 and a 12 month high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 earnings per share. Analysts expect that PNC Financial Services Group, Inc. will post $8.43 EPS for the current fiscal year.

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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 Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.43% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 1,365.4% during the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after buying an additional 710 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after buying an additional 91 shares during the last quarter. First Interstate Bank grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 34.0% during the first quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock valued at $115,000 after buying an additional 243 shares during the last quarter. Atlantic Trust LLC purchased a new stake in shares of PNC Financial Services Group, Inc. (The) during the second quarter valued at $129,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.3% during the second quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after buying an additional 4 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

About PNC Financial Services Group, Inc. (The)

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, Inc. (The) (NYSE:PNC)

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