PNC Financial Services Group Inc (NYSE:PNC) has been given an average rating of “Hold” by the twenty brokerages that are presently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $154.93.
A number of brokerages recently issued reports on PNC. Vining Sparks reaffirmed a “buy” rating and set a $160.00 target price on shares of PNC Financial Services Group in a research report on Tuesday, October 9th. ValuEngine raised shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets dropped their target price on shares of PNC Financial Services Group to $139.00 and set an “outperform” rating on the stock in a research report on Monday, October 15th. They noted that the move was a valuation call. Nomura dropped their target price on shares of PNC Financial Services Group from $162.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, October 15th. Finally, UBS Group set a $137.00 target price on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research report on Monday, October 15th.
In other PNC Financial Services Group news, EVP Robert Q. Reilly sold 24,710 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $140.49, for a total value of $3,471,507.90. Following the sale, the executive vice president now owns 131,020 shares of the company’s stock, valued at approximately $18,406,999.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.38% of the company’s stock.
A number of institutional investors have recently made changes to their positions in PNC. TRUE Private Wealth Advisors acquired a new stake in shares of PNC Financial Services Group in the 3rd quarter valued at $127,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of PNC Financial Services Group in the 2nd quarter valued at $143,000. Landaas & Co. WI ADV acquired a new stake in shares of PNC Financial Services Group in the 2nd quarter valued at $147,000. Archford Capital Strategies LLC boosted its stake in shares of PNC Financial Services Group by 197.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 723 shares in the last quarter. Finally, Kaizen Advisory LLC boosted its stake in shares of PNC Financial Services Group by 147.8% in the 2nd quarter. Kaizen Advisory LLC now owns 1,150 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 686 shares in the last quarter. 79.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of PNC stock opened at $129.88 on Friday. PNC Financial Services Group has a 1 year low of $116.55 and a 1 year high of $163.59. The firm has a market cap of $57.93 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 0.91.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, October 12th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.73 by $0.09. PNC Financial Services Group had a net margin of 30.97% and a return on equity of 10.88%. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the firm posted $2.16 earnings per share. Analysts predict that PNC Financial Services Group will post 10.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Shareholders of record on Wednesday, October 17th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, October 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 44.71%.
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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