PNC Financial Services Group Inc (NYSE:PNC) has been assigned an average rating of “Hold” from the twenty-seven ratings firms that are presently covering the firm, MarketBeat reports. Nineteen analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $148.03.
Several research firms have recently issued reports on PNC. BMO Capital Markets restated a “buy” rating on shares of PNC Financial Services Group in a report on Thursday, January 25th. ValuEngine downgraded shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Wells Fargo set a $157.00 price objective on shares of PNC Financial Services Group and gave the stock a “hold” rating in a report on Tuesday, January 16th. Royal Bank of Canada boosted their price objective on shares of PNC Financial Services Group to $170.00 and gave the stock an “average” rating in a report on Friday, January 12th. Finally, Argus upped their target price on shares of PNC Financial Services Group to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th.
Shares of NYSE:PNC traded up $0.26 on Friday, hitting $152.76. 2,381,000 shares of the company were exchanged, compared to its average volume of 2,315,354. PNC Financial Services Group has a one year low of $115.45 and a one year high of $163.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $71,257.31, a price-to-earnings ratio of 17.97, a PEG ratio of 1.40 and a beta of 0.91.
PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.51%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm posted $1.97 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. equities analysts predict that PNC Financial Services Group will post 10.54 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, May 5th. Shareholders of record on Monday, April 16th will be given a $0.75 dividend. The ex-dividend date of this dividend is Friday, April 13th. This represents a $3.00 dividend on an annualized basis and a yield of 1.96%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 35.29%.
In other PNC Financial Services Group news, insider Michael J. Hannon sold 8,011 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $154.20, for a total value of $1,235,296.20. Following the transaction, the insider now directly owns 58,820 shares in the company, valued at $9,070,044. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.38% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in PNC. Nordea Investment Management AB boosted its position in PNC Financial Services Group by 11.0% in the third quarter. Nordea Investment Management AB now owns 26,890 shares of the financial services provider’s stock valued at $3,624,000 after buying an additional 2,668 shares in the last quarter. Schroder Investment Management Group acquired a new position in PNC Financial Services Group in the third quarter valued at about $7,503,000. Brown Advisory Inc. boosted its position in PNC Financial Services Group by 1.1% in the third quarter. Brown Advisory Inc. now owns 84,024 shares of the financial services provider’s stock valued at $11,324,000 after buying an additional 952 shares in the last quarter. KBC Group NV boosted its position in PNC Financial Services Group by 26.2% in the third quarter. KBC Group NV now owns 164,572 shares of the financial services provider’s stock valued at $22,179,000 after buying an additional 34,207 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in PNC Financial Services Group by 4.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 81,865 shares of the financial services provider’s stock valued at $11,033,000 after buying an additional 3,200 shares in the last quarter. Hedge funds and other institutional investors own 82.24% of the company’s stock.
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PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.
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