The PNC Financial Services Group, Inc. (NYSE:PNC) Receives $193.96 Average Price Target from Brokerages

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Get Free Report) have earned an average rating of "Hold" from the seventeen analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $195.84.

Several equities analysts have commented on PNC shares. Bank of America raised The PNC Financial Services Group from a "neutral" rating to a "buy" rating and raised their price objective for the company from $185.00 to $200.00 in a research report on Thursday, August 15th. Evercore ISI boosted their target price on The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on The PNC Financial Services Group from $190.00 to $210.00 and gave the company a "neutral" rating in a report on Friday. Citigroup upped their price target on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Finally, Compass Point downgraded shares of The PNC Financial Services Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 22nd.

The PNC Financial Services Group Trading Down 0.1 %

The PNC Financial Services Group stock traded down $0.21 during trading hours on Friday, reaching $208.62. The stock had a trading volume of 1,485,940 shares, compared to its average volume of 1,868,289. The PNC Financial Services Group has a 52 week low of $139.19 and a 52 week high of $216.26. The stock has a market cap of $82.78 billion, a PE ratio of 17.64, a PEG ratio of 2.19 and a beta of 1.15. 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 company has a fifty day simple moving average of $196.11 and a 200-day simple moving average of $177.92.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the firm earned $3.60 EPS. The company's quarterly revenue was up 3.8% compared to the same quarter last year. 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 paid a $1.60 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.07%. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 54.10%.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, Director Andrew T. Feldstein sold 14,509 shares of the company's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the completion of the sale, the director now directly owns 38,649 shares of the company's stock, valued at approximately $8,119,768.41. This represents a 27.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $216.01, for a total transaction of $268,284.42. Following the completion of the transaction, the chief executive officer now owns 533,765 shares in the company, valued at $115,298,577.65. The trade was a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,788 shares of company stock worth $5,613,814. 0.42% of the stock is owned by insiders.

Institutional Trading of The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently bought and sold shares of PNC. ORG Partners LLC raised its position in shares of The PNC Financial Services Group by 203.7% during the 2nd quarter. ORG Partners LLC now owns 164 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 110 shares during the period. Y.D. More Investments Ltd bought a new stake in The PNC Financial Services Group during the second quarter valued at about $33,000. Valley Wealth Managers Inc. lifted its position in shares of The PNC Financial Services Group by 20,000.0% in the third quarter. Valley Wealth Managers Inc. now owns 201 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 200 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in shares of The PNC Financial Services Group in the second quarter worth about $38,000. Finally, Quarry LP grew its position in shares of The PNC Financial Services Group by 141.7% during the second quarter. Quarry LP now owns 290 shares of the financial services provider's stock worth $45,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

About The PNC Financial Services Group

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.