The PNC Financial Services Group (NYSE:PNC – Get Rating) had its price target raised by Wolfe Research from $164.00 to $170.00 in a report released on Thursday, The Fly reports. Wolfe Research’s price objective indicates a potential upside of 1.03% from the company’s current price.
Several other brokerages also recently weighed in on PNC. Evercore ISI lowered their target price on The PNC Financial Services Group to $180.00 in a research note on Thursday, October 20th. JPMorgan Chase & Co. decreased their price target on The PNC Financial Services Group from $191.00 to $171.50 in a research note on Tuesday, October 11th. The Goldman Sachs Group lifted their price target on The PNC Financial Services Group from $162.00 to $165.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 4th. StockNews.com started coverage on The PNC Financial Services Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Compass Point decreased their price target on The PNC Financial Services Group to $160.00 in a research note on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $188.15.
The PNC Financial Services Group Stock Up 2.4 %
Shares of NYSE PNC opened at $168.26 on Thursday. The PNC Financial Services Group has a 12-month low of $143.52 and a 12-month high of $228.14. The company has a market cap of $67.86 billion, a P/E ratio of 12.69, a P/E/G ratio of 2.47 and a beta of 1.16. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.17. The stock has a fifty day moving average price of $157.52 and a 200 day moving average price of $161.11.
The PNC Financial Services Group (NYSE:PNC – Get Rating) last announced its earnings results on Friday, October 14th. The financial services provider reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.69 by $0.09. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $5.40 billion. The PNC Financial Services Group had a return on equity of 12.45% and a net margin of 26.96%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $3.75 earnings per share. Research analysts anticipate that The PNC Financial Services Group will post 14.43 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Guild Deborah sold 2,833 shares of The PNC Financial Services Group stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $159.66, for a total transaction of $452,316.78. Following the sale, the executive vice president now owns 20,527 shares of the company’s stock, valued at $3,277,340.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On The PNC Financial Services Group
A number of hedge funds have recently made changes to their positions in the business. Great Diamond Partners LLC increased its stake in shares of The PNC Financial Services Group by 11.1% during the second quarter. Great Diamond Partners LLC now owns 2,616 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 262 shares during the period. AdvisorNet Financial Inc increased its stake in shares of The PNC Financial Services Group by 3.7% during the second quarter. AdvisorNet Financial Inc now owns 5,356 shares of the financial services provider’s stock valued at $845,000 after acquiring an additional 192 shares during the period. Diversified Trust Co increased its stake in shares of The PNC Financial Services Group by 23.9% during the second quarter. Diversified Trust Co now owns 3,676 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 709 shares during the period. Williams Jones Wealth Management LLC. increased its stake in shares of The PNC Financial Services Group by 12.8% during the first quarter. Williams Jones Wealth Management LLC. now owns 40,917 shares of the financial services provider’s stock valued at $7,547,000 after acquiring an additional 4,645 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of The PNC Financial Services Group by 7.8% during the second quarter. UMB Bank n.a. now owns 23,368 shares of the financial services provider’s stock valued at $3,687,000 after acquiring an additional 1,687 shares during the period. Institutional investors own 81.89% 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. The company’s Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of 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.
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