The PNC Financial Services Group (NYSE:PNC) Stock Gets Price Target Trim from Citigroup

The PNC Financial Services Group (NYSE:PNC) had its price objective reduced by stock analysts at Citigroup from $290.00 to $270.00 in a research note issued on Monday. Citigroup’s price objective indicates a potential upside of 24.91% from the stock’s previous close.

PNC has been the topic of a number of other research reports. HSBC upped their target price on shares of The PNC Financial Services Group from $275.00 to $283.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Royal Bank Of Canada decreased their price target on The PNC Financial Services Group from $273.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday. Oppenheimer boosted their price objective on The PNC Financial Services Group from $263.00 to $269.00 and gave the company an “outperform” rating in a report on Friday. TD Cowen cut their price objective on The PNC Financial Services Group from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Stephens cut their price objective on The PNC Financial Services Group from $265.00 to $250.00 and set an “overweight” rating on the stock in a research note on Monday. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.13.

The PNC Financial Services Group Stock Down 0.6%

NYSE PNC traded down $1.24 during trading hours on Monday, reaching $216.15. 1,566,480 shares of the company traded hands, compared to its average volume of 2,216,299. The PNC Financial Services Group has a 12 month low of $177.08 and a 12 month high of $258.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $86.23 billion, a PE ratio of 11.50, a PEG ratio of 1.14 and a beta of 0.94. The company has a 50 day moving average of $235.33 and a two-hundred day moving average of $233.29.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 earnings per share for the quarter, topping the consensus estimate of $4.91 by $0.18. The company had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.61 billion. The PNC Financial Services Group had a net margin of 21.83% and a return on equity of 12.82%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the business earned $4.35 EPS. As a group, equities analysts expect that The PNC Financial Services Group will post 19.22 earnings per share for the current year.

Insider Activity at The PNC Financial Services Group

In other news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $255.84, for a total value of $858,087.36. Following the completion of the transaction, the executive vice president directly owned 18,800 shares of the company’s stock, valued at approximately $4,809,792. The trade was a 15.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On The PNC Financial Services Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kaufman Rossin Wealth LLC raised its position in shares of The PNC Financial Services Group by 16.8% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 1,586 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 228 shares during the period. Optivise Advisory Services LLC lifted its holdings in shares of The PNC Financial Services Group by 10.4% in the 3rd quarter. Optivise Advisory Services LLC now owns 1,057 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 100 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of The PNC Financial Services Group by 4.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 9,994 shares of the financial services provider’s stock worth $2,221,000 after purchasing an additional 459 shares during the last quarter. YANKCOM Partnership lifted its holdings in shares of The PNC Financial Services Group by 4.1% in the 3rd quarter. YANKCOM Partnership now owns 3,091 shares of the financial services provider’s stock worth $687,000 after purchasing an additional 121 shares during the last quarter. Finally, Bangor Savings Bank boosted its position in The PNC Financial Services Group by 1.2% during the 3rd quarter. Bangor Savings Bank now owns 4,436 shares of the financial services provider’s stock valued at $986,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal banking subsidiary, PNC Bank, the company provides banking, lending, investment, and related financial services to individuals, small businesses, corporations, government entities, and institutional clients.

PNC’s consumer offerings include checking and savings accounts, credit cards, mortgages, home equity loans, personal lending, and online and mobile banking.