The PNC Financial Services Group, Inc. (NYSE:PNC) Given Consensus Rating of “Hold” by Analysts

The PNC Financial Services Group, Inc. (NYSE:PNC) has earned a consensus rating of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $200.81.

Several research firms have weighed in on PNC. Compass Point boosted their price objective on The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price target on shares of The PNC Financial Services Group from $177.00 to $180.00 and gave the company an “underweight” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their price objective on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 16th. Evercore ISI increased their target price on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stephens raised their price target on shares of The PNC Financial Services Group from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th.

Insider Buying and Selling at The PNC Financial Services Group

In related news, Director Martin Pfinsgraff sold 859 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total transaction of $159,877.08. Following the transaction, the director now directly owns 915 shares of the company’s stock, valued at approximately $170,299.80. This trade represents a 48.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $181.35, for a total value of $225,236.70. Following the completion of the sale, the chief executive officer now directly owns 548,491 shares of the company’s stock, valued at approximately $99,468,842.85. This represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,272 shares of company stock valued at $6,141,689 in the last three months. Company insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of hedge funds have recently made changes to their positions in the business. Fidelity D & D Bancorp Inc. lifted its stake in The PNC Financial Services Group by 1.4% in the third quarter. Fidelity D & D Bancorp Inc. now owns 9,708 shares of the financial services provider’s stock worth $1,795,000 after purchasing an additional 138 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of The PNC Financial Services Group by 1.2% in the 3rd quarter. Franklin Resources Inc. now owns 10,286,202 shares of the financial services provider’s stock valued at $1,939,154,000 after acquiring an additional 123,994 shares during the last quarter. Synovus Financial Corp boosted its holdings in The PNC Financial Services Group by 3.7% during the 3rd quarter. Synovus Financial Corp now owns 14,232 shares of the financial services provider’s stock valued at $2,631,000 after acquiring an additional 509 shares during the period. Wilmington Savings Fund Society FSB grew its position in The PNC Financial Services Group by 86.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 34,446 shares of the financial services provider’s stock worth $6,367,000 after acquiring an additional 15,962 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in The PNC Financial Services Group by 3.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 97,908 shares of the financial services provider’s stock worth $18,098,000 after purchasing an additional 3,595 shares during the period. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $192.53 on Tuesday. The PNC Financial Services Group has a 1-year low of $139.69 and a 1-year high of $216.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The stock has a market cap of $76.39 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.11 and a beta of 1.15. The stock’s fifty day simple moving average is $200.50 and its two-hundred day simple moving average is $183.45.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.19. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the previous year, the company earned $3.60 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts forecast that The PNC Financial Services Group will post 13.45 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Wednesday, October 16th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Wednesday, October 16th. The PNC Financial Services Group’s payout ratio is 54.10%.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.