The PNC Financial Services Group, Inc. (NYSE:PNC) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eighteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $203.47.

PNC has been the topic of a number of recent research reports. Barclays upped their price target on shares of The PNC Financial Services Group from $229.00 to $257.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Morgan Stanley decreased their target price on The PNC Financial Services Group from $188.00 to $179.00 and set an "underweight" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their price target on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Citigroup dropped their price target on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, The Goldman Sachs Group dropped their target price on shares of The PNC Financial Services Group from $211.00 to $188.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th.

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Insider Activity

In related news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $196.17, for a total value of $243,643.14. Following the completion of the sale, the chief executive officer now owns 523,829 shares in the company, valued at $102,759,534.93. This represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 12,420 shares of company stock worth $2,276,870. 0.41% of the stock is currently owned by corporate insiders.

Institutional Trading of The PNC Financial Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new stake in The PNC Financial Services Group during the fourth quarter worth about $25,000. Richardson Financial Services Inc. grew its position in shares of The PNC Financial Services Group by 2,333.3% during the 4th quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock worth $28,000 after buying an additional 140 shares during the period. Albion Financial Group UT bought a new position in shares of The PNC Financial Services Group during the 4th quarter worth about $30,000. Synergy Asset Management LLC bought a new stake in The PNC Financial Services Group during the 4th quarter valued at $32,000. Finally, Rialto Wealth Management LLC bought a new stake in The PNC Financial Services Group during the 4th quarter worth approximately $32,000. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Stock Performance

PNC traded down $0.59 on Thursday, reaching $151.57. The company had a trading volume of 3,850,177 shares, compared to its average volume of 1,968,566. The company's fifty day moving average is $178.30 and its 200 day moving average is $190.17. The stock has a market cap of $59.98 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.55 and a beta of 1.04. The PNC Financial Services Group has a fifty-two week low of $143.52 and a fifty-two week high of $216.26. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.26 by $0.51. The company had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.51 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The PNC Financial Services Group's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.16 EPS. As a group, analysts predict that The PNC Financial Services Group will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.22%. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 46.55%.

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.