9. INDUSTRY, INNOVATION, AND INFRASTRUCTURE

Investment Analysts’ Weekly Ratings Changes for The PNC Financial Services Group (PNC)

Written by Amanda

Several brokerages have updated their recommendations and price targets on shares of The PNC Financial Services Group (NYSE: PNC) in the last few weeks:

  • 4/1/2024 – The PNC Financial Services Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $151.00 to $168.00. They now have a “neutral” rating on the stock.
  • 3/28/2024 – The PNC Financial Services Group had its price target raised by analysts at Wells Fargo & Company from $185.00 to $194.00. They now have an “overweight” rating on the stock.
  • 3/28/2024 – The PNC Financial Services Group had its price target raised by analysts at Evercore ISI from $180.00 to $184.00. They now have an “outperform” rating on the stock.
  • 3/28/2024 – The PNC Financial Services Group was upgraded by analysts at HSBC Holdings plc from a “reduce” rating to a “hold” rating. They now have a $155.00 price target on the stock, up previously from $141.00.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $159.94 on Tuesday. The business has a 50-day simple moving average of $150.48 and a two-hundred day simple moving average of $138.92. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $162.24. The stock has a market cap of $63.63 billion, a PE ratio of 12.51, a PEG ratio of 1.86 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the prior year, the company posted $3.49 EPS. The company’s revenue was down 7.0% on a year-over-year basis. Analysts anticipate that The PNC Financial Services Group, Inc. will post 12.41 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Tuesday, January 16th were given a $1.55 dividend. The ex-dividend date was Friday, January 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.88%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 48.48%.

Insider Activity

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of large investors have recently bought and sold shares of the stock. Nomura Holdings Inc. bought a new position in The PNC Financial Services Group in the fourth quarter worth approximately $1,243,000. HighPoint Advisor Group LLC bought a new position in shares of The PNC Financial Services Group in the 4th quarter worth $1,211,000. Livelsberger Financial Advisory acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at $95,000. Grayhawk Investment Strategies Inc. acquired a new position in The PNC Financial Services Group during the fourth quarter worth $1,200,000. Finally, SageView Advisory Group LLC lifted its stake in shares of The PNC Financial Services Group by 125.4% in the fourth quarter. SageView Advisory Group LLC now owns 9,030 shares of the financial services provider’s stock valued at $1,393,000 after buying an additional 5,023 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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.

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Receive News & Ratings for The PNC Financial Services Group Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The PNC Financial Services Group Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

Several brokerages have updated their recommendations and price targets on shares of The PNC Financial Services Group (NYSE: PNC) in the last few weeks:

  • 4/1/2024 – The PNC Financial Services Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $151.00 to $168.00. They now have a “neutral” rating on the stock.
  • 3/28/2024 – The PNC Financial Services Group had its price target raised by analysts at Wells Fargo & Company from $185.00 to $194.00. They now have an “overweight” rating on the stock.
  • 3/28/2024 – The PNC Financial Services Group had its price target raised by analysts at Evercore ISI from $180.00 to $184.00. They now have an “outperform” rating on the stock.
  • 3/28/2024 – The PNC Financial Services Group was upgraded by analysts at HSBC Holdings plc from a “reduce” rating to a “hold” rating. They now have a $155.00 price target on the stock, up previously from $141.00.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $159.94 on Tuesday. The business has a 50-day simple moving average of $150.48 and a two-hundred day simple moving average of $138.92. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $162.24. The stock has a market cap of $63.63 billion, a PE ratio of 12.51, a PEG ratio of 1.86 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period in the prior year, the company posted $3.49 EPS. The company’s revenue was down 7.0% on a year-over-year basis. Analysts anticipate that The PNC Financial Services Group, Inc. will post 12.41 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Tuesday, January 16th were given a $1.55 dividend. The ex-dividend date was Friday, January 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.88%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 48.48%.

Insider Activity

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of large investors have recently bought and sold shares of the stock. Nomura Holdings Inc. bought a new position in The PNC Financial Services Group in the fourth quarter worth approximately $1,243,000. HighPoint Advisor Group LLC bought a new position in shares of The PNC Financial Services Group in the 4th quarter worth $1,211,000. Livelsberger Financial Advisory acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at $95,000. Grayhawk Investment Strategies Inc. acquired a new position in The PNC Financial Services Group during the fourth quarter worth $1,200,000. Finally, SageView Advisory Group LLC lifted its stake in shares of The PNC Financial Services Group by 125.4% in the fourth quarter. SageView Advisory Group LLC now owns 9,030 shares of the financial services provider’s stock valued at $1,393,000 after buying an additional 5,023 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More



Receive News & Ratings for The PNC Financial Services Group Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The PNC Financial Services Group Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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