The PNC Financial Services Group (NYSE:PNC) PT Raised to $158.00

The PNC Financial Services Group (NYSE:PNCFree Report) had its price target lifted by Morgan Stanley from $142.00 to $158.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Morgan Stanley currently has an underweight rating on the financial services provider’s stock.

Several other analysts also recently weighed in on PNC. Bank of America raised The PNC Financial Services Group from an underperform rating to a neutral rating in a research note on Tuesday, October 10th. UBS Group boosted their price objective on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a neutral rating in a research note on Thursday, January 18th. Jefferies Financial Group boosted their price objective on The PNC Financial Services Group from $112.00 to $127.00 in a research note on Tuesday, October 10th. Stephens reissued an equal weight rating and issued a $138.00 price objective on shares of The PNC Financial Services Group in a research note on Tuesday, December 5th. Finally, The Goldman Sachs Group boosted their price objective on The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a neutral rating in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $146.59.

Check Out Our Latest Stock Analysis on PNC

The PNC Financial Services Group Price Performance

Shares of PNC opened at $148.13 on Tuesday. The PNC Financial Services Group has a 52 week low of $109.40 and a 52 week high of $167.12. The firm has a market cap of $59.01 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.76 and a beta of 1.19. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average of $148.36 and a 200-day moving average of $132.02.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $1.04. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.30 billion. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.49 EPS. As a group, analysts forecast that The PNC Financial Services Group will post 12.27 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Tuesday, January 16th will be issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Friday, January 12th. The PNC Financial Services Group’s payout ratio is 48.48%.

Insider Activity

In other news, EVP Guild Deborah sold 1,533 shares of The PNC Financial Services Group stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $132.51, for a total transaction of $203,137.83. Following the transaction, the executive vice president now owns 17,092 shares in the company, valued at $2,264,860.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Syon Capital LLC grew its stake in The PNC Financial Services Group by 16.8% in the fourth quarter. Syon Capital LLC now owns 1,948 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 280 shares in the last quarter. NJ State Employees Deferred Compensation Plan grew its stake in The PNC Financial Services Group by 48.8% in the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 11,900 shares of the financial services provider’s stock valued at $1,843,000 after purchasing an additional 3,900 shares in the last quarter. Nadler Financial Group Inc. purchased a new position in The PNC Financial Services Group in the fourth quarter valued at about $211,000. Bailard Inc. grew its stake in The PNC Financial Services Group by 1.0% in the fourth quarter. Bailard Inc. now owns 50,362 shares of the financial services provider’s stock valued at $7,798,000 after purchasing an additional 508 shares in the last quarter. Finally, Community Bank N.A. grew its stake in The PNC Financial Services Group by 3.7% in the fourth quarter. Community Bank N.A. now owns 12,230 shares of the financial services provider’s stock valued at $1,894,000 after purchasing an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 80.14% of the company’s stock.

The PNC Financial Services Group Company Profile

(Get Free Report)

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 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, and investment and cash management services.

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

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