PNC Financial Services Group Inc (NYSE:PNC) Receives Average Rating of “Hold” from Analysts

Shares of PNC Financial Services Group Inc (NYSE:PNC) have earned a consensus recommendation of “Hold” from the nineteen brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $131.07.

A number of analysts have commented on the company. Oppenheimer restated a “hold” rating on shares of PNC Financial Services Group in a research report on Sunday, April 19th. Citigroup reduced their price target on PNC Financial Services Group from $130.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. Morgan Stanley upped their price target on PNC Financial Services Group from $98.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 24th. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price target on shares of PNC Financial Services Group in a research report on Wednesday, April 8th. Finally, Stephens upgraded PNC Financial Services Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 12th.

PNC stock traded up $2.38 during trading on Thursday, reaching $105.21. The stock had a trading volume of 3,350,543 shares, compared to its average volume of 3,066,050. PNC Financial Services Group has a 52 week low of $79.41 and a 52 week high of $161.79. The stock’s 50 day moving average is $109.30 and its two-hundred day moving average is $124.69. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.49. The firm has a market cap of $42.82 billion, a PE ratio of 9.80, a PEG ratio of 2.59 and a beta of 1.29.

PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.24. PNC Financial Services Group had a return on equity of 10.16% and a net margin of 23.23%. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the prior year, the company earned $2.61 earnings per share. PNC Financial Services Group’s revenue was up 5.4% on a year-over-year basis. On average, research analysts anticipate that PNC Financial Services Group will post 5.57 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Friday, July 17th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.37%. PNC Financial Services Group’s payout ratio is presently 40.39%.

In other news, Director Richard J. Harshman purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $97.55 per share, with a total value of $97,550.00. Following the completion of the purchase, the director now owns 1,150 shares in the company, valued at $112,182.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Capital Analysts LLC lifted its stake in shares of PNC Financial Services Group by 63.4% in the 4th quarter. Capital Analysts LLC now owns 1,031 shares of the financial services provider’s stock valued at $165,000 after purchasing an additional 400 shares during the last quarter. AMF Pensionsforsakring AB lifted its stake in shares of PNC Financial Services Group by 13.6% in the 4th quarter. AMF Pensionsforsakring AB now owns 678,019 shares of the financial services provider’s stock valued at $108,232,000 after purchasing an additional 81,017 shares during the last quarter. KBC Group NV lifted its stake in shares of PNC Financial Services Group by 44.4% in the 4th quarter. KBC Group NV now owns 107,824 shares of the financial services provider’s stock valued at $17,212,000 after purchasing an additional 33,174 shares during the last quarter. Prospera Financial Services Inc lifted its stake in shares of PNC Financial Services Group by 35.1% in the 4th quarter. Prospera Financial Services Inc now owns 5,220 shares of the financial services provider’s stock valued at $833,000 after purchasing an additional 1,357 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its stake in shares of PNC Financial Services Group by 19.0% in the 1st quarter. Vident Investment Advisory LLC now owns 6,645 shares of the financial services provider’s stock valued at $636,000 after purchasing an additional 1,060 shares during the last quarter. 80.57% of the stock is owned by institutional investors and hedge funds.

About PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, 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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