Analysts Set The PNC Financial Services Group, Inc. (NYSE:PNC) Target Price at $185.71

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) have earned an average recommendation of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $186.96.

A number of analysts have recently weighed in on PNC shares. Compass Point lowered shares of The PNC Financial Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods boosted their price objective on The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 16th. Evercore ISI raised their target price on The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Morgan Stanley boosted their target price on shares of The PNC Financial Services Group from $177.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their price objective on The PNC Financial Services Group from $189.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, Director Martin Pfinsgraff sold 859 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total value of $159,877.08. Following the sale, the director now directly owns 915 shares in the company, valued at $170,299.80. This represents a 48.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total value of $3,048,195.81. Following the transaction, the director now owns 38,649 shares of the company’s stock, valued at $8,119,768.41. This represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,546 shares of company stock valued at $5,277,493. Company insiders own 0.42% of the company’s stock.

Institutional Trading of The PNC Financial Services Group

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in The PNC Financial Services Group by 8.7% in the first quarter. Empowered Funds LLC now owns 5,322 shares of the financial services provider’s stock worth $860,000 after purchasing an additional 426 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in The PNC Financial Services Group by 40.1% during the 1st quarter. Atomi Financial Group Inc. now owns 2,968 shares of the financial services provider’s stock worth $480,000 after acquiring an additional 849 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in The PNC Financial Services Group by 22.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 3,865 shares of the financial services provider’s stock valued at $624,000 after acquiring an additional 721 shares in the last quarter. Sei Investments Co. raised its stake in shares of The PNC Financial Services Group by 19.2% in the first quarter. Sei Investments Co. now owns 346,923 shares of the financial services provider’s stock worth $56,063,000 after acquiring an additional 55,953 shares during the last quarter. Finally, Choate Investment Advisors lifted its position in shares of The PNC Financial Services Group by 1.8% during the first quarter. Choate Investment Advisors now owns 8,788 shares of the financial services provider’s stock worth $1,420,000 after purchasing an additional 158 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Trading Down 0.1 %

Shares of NYSE PNC opened at $207.68 on Monday. The PNC Financial Services Group has a 12-month low of $127.08 and a 12-month high of $214.19. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The stock’s 50 day simple moving average is $188.25 and its 200 day simple moving average is $173.07. The company has a market cap of $82.40 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 2.17 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.19. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.39 billion. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.60 EPS. Equities research analysts expect that The PNC Financial Services Group will post 13.45 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Wednesday, October 16th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio is currently 54.10%.

About The PNC Financial Services Group

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.