The PNC Financial Services Group (NYSE:PNC) Given Equal Weight Rating at Stephens

The PNC Financial Services Group (NYSE:PNC - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities research analysts at Stephens in a report released on Friday,Benzinga reports. They currently have a $200.00 price target on the financial services provider's stock. Stephens' target price suggests a potential upside of 0.83% from the stock's previous close.

A number of other brokerages have also recently issued reports on PNC. Wells Fargo & Company lifted their price objective on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Truist Financial boosted their price target on The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a "hold" rating in a report on Friday. The Goldman Sachs Group upped their target price on The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Keefe, Bruyette & Woods upped their target price on The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an "underperform" rating in a report on Wednesday, October 16th. Finally, Morgan Stanley increased their price target on The PNC Financial Services Group from $177.00 to $180.00 and gave the company an "underweight" rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, The PNC Financial Services Group presently has an average rating of "Hold" and an average price target of $205.00.

The PNC Financial Services Group Stock Up 0.9 %

Shares of PNC stock traded up $1.82 on Friday, hitting $198.36. 4,465,710 shares of the stock were exchanged, compared to its average volume of 1,593,872. The PNC Financial Services Group has a fifty-two week low of $139.69 and a fifty-two week high of $216.26. The firm has a market capitalization of $78.71 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.77 and a beta of 1.16. 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 business has a 50-day moving average of $201.40 and a 200 day moving average of $187.03.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the company earned $3.16 earnings per share. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts anticipate that The PNC Financial Services Group will post 13.47 EPS for the current year.

Insider Activity at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $192.88, for a total value of $239,556.96. Following the completion of the transaction, the chief executive officer now directly owns 526,313 shares of the company's stock, valued at $101,515,251.44. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew T. Feldstein sold 14,509 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the transaction, the director now directly owns 38,649 shares of the company's stock, valued at $8,119,768.41. The trade was a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,030 shares of company stock valued at $5,928,202. 0.42% of the stock is owned by insiders.

Institutional Investors Weigh In On The PNC Financial Services Group

Several large investors have recently added to or reduced their stakes in PNC. Winch Advisory Services LLC bought a new stake in The PNC Financial Services Group during the fourth quarter valued at $25,000. Albion Financial Group UT bought a new stake in The PNC Financial Services Group during the fourth quarter worth about $30,000. Valley Wealth Managers Inc. lifted its stake in The PNC Financial Services Group by 20,000.0% during the third quarter. Valley Wealth Managers Inc. now owns 201 shares of the financial services provider's stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Quarry LP lifted its stake in 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 during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in The PNC Financial Services Group during the third quarter worth about $51,000. Institutional investors own 83.53% of the company's stock.

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.