The PNC Financial Services Group, Inc. (NYSE:PNC – Get Free Report) has earned a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $157.83.
A number of equities analysts have commented on PNC shares. Evercore ISI decreased their target price on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Bank of America lifted their target price on The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. StockNews.com upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group decreased their target price on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th.
View Our Latest Research Report on The PNC Financial Services Group
Insider Buying and Selling
In related news, EVP Richard Kevin Bynum sold 850 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $155.87, for a total transaction of $132,489.50. Following the sale, the executive vice president now owns 3,502 shares of the company’s stock, valued at $545,856.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On The PNC Financial Services Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $26,000. Tennessee Valley Asset Management Partners bought a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $26,000. Fortitude Family Office LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $28,000. Householder Group Estate & Retirement Specialist LLC grew its position in The PNC Financial Services Group by 350.0% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in The PNC Financial Services Group during the 1st quarter worth approximately $28,000. Institutional investors own 83.53% of the company’s stock.
The PNC Financial Services Group Stock Down 0.6 %
NYSE:PNC opened at $151.75 on Friday. The company has a market capitalization of $60.38 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 2.95 and a beta of 1.16. The PNC Financial Services Group has a one year low of $109.40 and a one year high of $162.24. The stock has a 50-day simple moving average of $155.14 and a 200 day simple moving average of $151.57. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the firm earned $3.98 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Sell-side analysts predict that The PNC Financial Services Group will post 12.63 EPS for the current fiscal year.
The PNC Financial Services Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, May 5th. Investors of record on Monday, April 15th were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $6.20 annualized dividend and a yield of 4.09%. The PNC Financial Services Group’s payout ratio is 52.06%.
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.
Further Reading
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Source: defenseworld.net
