PNC Financial Services Group, Inc. (NYSE: PNC) received the medium analyst recommendation of “Holding”

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) have earned an average rating of “Moderate Buy” from the eighteen research firms that currently cover the company, MarketBeat.com reports. . Five equity research analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average target price among analysts who have covered the stock over the past year is $196.75.

A number of research companies have commented on PNC. Evercore ISI set a price target of $175.00 on shares of PNC Financial Services Group in a Tuesday, July 19 research note. Citigroup cut its price target on shares of PNC Financial Services Group from $190.00 to $170.00 in a Tuesday, July 12 research report. Credit Suisse Group cut its price target on PNC Financial Services Group shares from $172.00 to $170.00 and set a “neutral” rating on the stock in a Monday, July 18 research report. Morgan Stanley raised its price target on shares of PNC Financial Services Group from $168.00 to $180.00 in a Monday, July 18 research report. Finally, Jefferies Financial Group lowered its price target on PNC Financial Services Group from $188.00 to $156.00 in a Monday, July 11 report.

Performance of PNC Financial Services group shares

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Shares of PNC opened at $157.25 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt ratio of 0.75. The stock has a market capitalization of $64.49 billion, a P/E ratio of 12.30, a PEG ratio of 2.39 and a beta of 1.21. The company has a 50-day moving average of $163.29 and a two-hundred-day moving average of $172.76. Financial services group PNC has a 12-month low of $146.39 and a 12-month high of $228.14.

PNC Financial Services Group (NYSE:PNC – Get Rating) last released its quarterly results on Friday, July 15. The financial services provider reported earnings per share (EPS) of $3.42 for the quarter, beating the consensus estimate of $3.11 by $0.31. The company posted revenue of $5.12 billion for the quarter, versus $5.13 billion expected by analysts. The PNC Financial Services group achieved a net margin of 27.32% and a return on equity of 11.93%. The company’s quarterly revenue increased 9.6% year over year. In the same period a year earlier, the company posted earnings of $4.50 per share. As a group, research analysts predict that PNC Financial Services Group will post EPS of 14.49 for the current fiscal year.

PNC Financial Services group announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 5. Investors of record on Wednesday, July 13 received a dividend of $1.50. The ex-dividend date was Tuesday, July 12. This represents a dividend of $6.00 on an annualized basis and a yield of 3.82%. The payout ratio of PNC Financial Services Group is 46.95%.

Insider Trading at The PNC Financial Services Group

In other news, Executive Vice President Michael P. Lyons sold 3,500 shares of the company in a trade dated Tuesday, August 23. The stock was sold at an average price of $166.96, for a total transaction of $584,360.00. Following completion of the transaction, the executive vice president now directly owns 174,651 shares of the company, valued at approximately $29,159,730.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Company insiders own 0.34% of the company’s shares.

Institutional investors weigh on the PNC Financial Services group

Several institutional investors have recently bought and sold shares of PNC. UMB Bank NA MO increased its equity stake in PNC Financial Services Group by 169.6% during the 4th quarter. UMB Bank NA MO now owns 22,440 shares of the financial services provider worth $4,500,000 after acquiring 14,117 additional shares in the last quarter. AlphaCrest Capital Management LLC increased its stake in The PNC Financial Services Group by 93.3% in the fourth quarter. AlphaCrest Capital Management LLC now owns 18,013 shares of the financial services provider valued at $3,612,000 after buying an additional 8,694 shares last quarter. Palladium Partners LLC increased its stake in The PNC Financial Services Group by 6.8% in the fourth quarter. Palladium Partners LLC now owns 22,890 shares of the financial services provider valued at $4,590,000 after buying an additional 1,467 shares last quarter. Massmutual Trust Co. FSB ADV increased its stake in The PNC Financial Services Group by 2.0% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 15,146 shares of the financial services provider valued at $3,037,000 after buying an additional 290 shares last quarter. Finally, Holderness Investments Co. increased its holdings of The PNC Financial Services Group shares by 2.2% during the 4th quarter. Holderness Investments Co. now owns 2,743 shares of the financial services provider worth $550,000 after buying 60 more shares in the last quarter. Institutional investors hold 81.89% of the company’s shares.

About PNC Financial Services Group

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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, investment and cash management services.

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Analyst Recommendations for PNC Financial Services Group (NYSE: PNC)

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