The PNC Financial Services Group, Inc (NYSE:PNC) Receives $218.00 Consensus Price Target from Analysts

The PNC Financial Services Group, Inc (NYSE:PNC) has been assigned a consensus rating of “Moderate Buy” from the twenty-three analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $218.00.

PNC has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the stock an “underweight” rating in a research report on Monday, September 29th. Oppenheimer reduced their target price on The PNC Financial Services Group from $240.00 to $231.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. UBS Group lifted their price target on The PNC Financial Services Group from $224.00 to $229.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Stephens reissued an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of The PNC Financial Services Group in a research note on Wednesday, October 8th.

Insider Buying and Selling

In other news, EVP Michael Duane Thomas sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $183.57, for a total transaction of $183,570.00. Following the transaction, the executive vice president directly owned 5,802 shares in the company, valued at $1,065,073.14. The trade was a 14.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Guild Deborah sold 1,080 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $186.97, for a total value of $201,927.60. Following the completion of the sale, the executive vice president owned 27,335 shares of the company’s stock, valued at $5,110,824.95. This trade represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.41% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new position in The PNC Financial Services Group during the third quarter worth about $10,929,000. Asset Dedication LLC raised its position in shares of The PNC Financial Services Group by 28.2% during the 3rd quarter. Asset Dedication LLC now owns 4,992 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 1,097 shares during the period. Tweedy Browne Co LLC acquired a new position in The PNC Financial Services Group in the third quarter valued at approximately $1,046,000. Caerus Investment Advisors LLC purchased a new position in The PNC Financial Services Group in the third quarter worth approximately $1,408,000. Finally, Faithward Advisors LLC increased its stake in The PNC Financial Services Group by 2.0% during the third quarter. Faithward Advisors LLC now owns 4,756 shares of the financial services provider’s stock worth $956,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Trading Down 0.3%

Shares of PNC stock opened at $191.96 on Friday. The PNC Financial Services Group has a 1-year low of $145.12 and a 1-year high of $216.26. The company has a market cap of $75.28 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.26 and a beta of 1.12. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a 50 day simple moving average of $188.77 and a 200-day simple moving average of $189.26.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $4.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.30. The firm had revenue of $5.92 billion for the quarter, compared to analysts’ expectations of $5.82 billion. The PNC Financial Services Group had a net margin of 19.30% and a return on equity of 11.47%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.49 EPS. On average, equities research analysts expect that The PNC Financial Services Group will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio is currently 43.93%.

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.