The PNC Financial Services Group, Inc. (NYSE:PNC) Receives Average Rating of "Hold" from Brokerages

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Get Free Report) have received an average rating of "Hold" from the seventeen research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $185.71.

Several equities research analysts have recently weighed in on the company. Stephens increased their price objective on The PNC Financial Services Group from $185.00 to $200.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods lifted their target price on 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. UBS Group upped their price target on The PNC Financial Services Group from $179.00 to $198.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Citigroup lifted their price objective on The PNC Financial Services Group from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, July 17th. Finally, Barclays raised their price objective on shares of The PNC Financial Services Group from $209.00 to $229.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th.

The PNC Financial Services Group Stock Performance

Shares of NYSE PNC traded up $5.74 during trading hours on Monday, hitting $209.71. 2,578,664 shares of the stock were exchanged, compared to its average volume of 1,873,023. The PNC Financial Services Group has a one year low of $118.89 and a one year high of $210.43. The company's 50 day moving average is $185.53 and its 200 day moving average is $171.17. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $83.21 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.16 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.39 billion. During the same period in the prior year, the company earned $3.60 earnings per share. The business's quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts expect that The PNC Financial Services Group will post 13.41 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Wednesday, October 16th. The PNC Financial Services Group's payout ratio is 54.10%.

Insider Activity

In related news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction on Friday, August 16th. The stock was sold at an average price of $171.80, for a total transaction of $213,375.60. Following the completion of the transaction, the chief executive officer now directly owns 557,185 shares of the company's stock, valued at approximately $95,724,383. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $171.80, for a total transaction of $213,375.60. Following the transaction, the chief executive officer now directly owns 557,185 shares in the company, valued at approximately $95,724,383. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Martin Pfinsgraff sold 859 shares of The PNC Financial Services Group stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total value of $159,877.08. Following the completion of the transaction, the director now owns 915 shares in the company, valued at $170,299.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,279 shares of company stock valued at $2,442,673. Insiders own 0.42% of the company's stock.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in The PNC Financial Services Group by 8.7% in the first quarter. Empowered Funds LLC now owns 5,322 shares of the financial services provider's stock valued at $860,000 after acquiring an additional 426 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of The PNC Financial Services Group by 40.1% during the 1st quarter. Atomi Financial Group Inc. now owns 2,968 shares of the financial services provider's stock worth $480,000 after purchasing an additional 849 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of The PNC Financial Services Group by 22.9% during the first quarter. Concurrent Investment Advisors LLC now owns 3,865 shares of the financial services provider's stock valued at $624,000 after acquiring an additional 721 shares during the period. Sei Investments Co. increased its stake in shares of The PNC Financial Services Group by 19.2% in the first quarter. Sei Investments Co. now owns 346,923 shares of the financial services provider's stock valued at $56,063,000 after purchasing an additional 55,953 shares during the period. Finally, Choate Investment Advisors grew its stake in shares of The PNC Financial Services Group by 1.8% in the first quarter. Choate Investment Advisors now owns 8,788 shares of the financial services provider's stock worth $1,420,000 after purchasing an additional 158 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

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.