The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) has earned a consensus rating of “Hold” from the twenty brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $220.67.
PNC has been the subject of several research reports. Argus reduced their price target on shares of The PNC Financial Services Group from $245.00 to $220.00 in a research report on Monday, April 18th. StockNews.com assumed coverage on shares of The PNC Financial Services Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. upped their price target on The PNC Financial Services Group from $229.50 to $232.50 in a research note on Thursday, February 3rd. Raymond James dropped their price objective on shares of The PNC Financial Services Group from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, April 18th. Finally, Piper Sandler decreased their price target on shares of The PNC Financial Services Group from $215.00 to $201.00 and set a “neutral” rating on the stock in a research note on Friday, April 1st.
In other The PNC Financial Services Group news, Director Robert A. Niblock bought 2,000 shares of The PNC Financial Services Group stock in a transaction on Friday, May 6th. The shares were bought at an average price of $167.07 per share, for a total transaction of $334,140.00. Following the completion of the transaction, the director now directly owns 6,063 shares of the company’s stock, valued at $1,012,945.41. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Guild Deborah sold 1,257 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $170.56, for a total transaction of $214,393.92. Following the completion of the sale, the executive vice president now directly owns 23,360 shares in the company, valued at $3,984,281.60. The disclosure for this sale can be found here. Insiders own 0.34% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of PNC. Midwest Wealth Management Inc. boosted its holdings in shares of The PNC Financial Services Group by 6.7% in the first quarter. Midwest Wealth Management Inc. now owns 9,347 shares of the financial services provider’s stock valued at $1,724,000 after acquiring an additional 591 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of The PNC Financial Services Group by 8.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,204 shares of the financial services provider’s stock valued at $221,000 after buying an additional 91 shares in the last quarter. Reynolds Investment Management Inc. acquired a new position in shares of The PNC Financial Services Group during the 1st quarter worth $201,000. Advisory Services Network LLC grew its position in The PNC Financial Services Group by 17.3% during the first quarter. Advisory Services Network LLC now owns 13,993 shares of the financial services provider’s stock worth $2,581,000 after buying an additional 2,068 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of The PNC Financial Services Group by 8.9% during the 1st quarter. Neuberger Berman Group LLC now owns 1,586,220 shares of the financial services provider’s stock worth $292,673,000 after acquiring an additional 130,280 shares in the last quarter. Institutional investors own 83.54% of the company’s stock.
Shares of The PNC Financial Services Group stock opened at $167.63 on Thursday. The PNC Financial Services Group has a 12 month low of $152.35 and a 12 month high of $228.14. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $175.32 and a two-hundred day simple moving average of $193.38. The firm has a market capitalization of $69.33 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.16 and a beta of 1.24.
The PNC Financial Services Group (NYSE:PNC – Get Rating) last issued its earnings results on Thursday, April 14th. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.51. The PNC Financial Services Group had a net margin of 26.14% and a return on equity of 12.43%. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the prior year, the firm posted $4.10 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. Analysts predict that The PNC Financial Services Group will post 14.04 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 5th. Stockholders of record on Wednesday, April 13th were paid a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, April 12th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.58%. The PNC Financial Services Group’s payout ratio is currently 50.76%.
About The PNC Financial Services Group (Get Rating)
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company’s Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.
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Source: defenseworld.net
