Shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Get Free Report) have received a consensus rating of "Hold" from the seventeen analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $185.71.
Several analysts have issued reports on PNC shares. Royal Bank of Canada increased their target price on The PNC Financial Services Group from $155.00 to $184.00 and gave the company an "outperform" rating in a research report on Wednesday, July 17th. Stephens raised their price objective on The PNC Financial Services Group from $185.00 to $200.00 and gave the company an "equal weight" rating in a research report on Wednesday. Evercore ISI lifted 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. Jefferies Financial Group increased their price target on shares of The PNC Financial Services Group from $162.00 to $164.00 and gave the company a "hold" rating in a research report on Wednesday, July 3rd. Finally, Bank of America raised shares of The PNC Financial Services Group from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $200.00 in a research report on Thursday, August 15th.
Get Our Latest Stock Analysis on PNC
In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $176.67, for a total transaction of $219,424.14. Following the completion of the sale, the chief executive officer now directly owns 562,153 shares in the company, valued at approximately $99,315,570.51. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction dated Friday, July 19th. The stock was sold at an average price of $176.67, for a total transaction of $219,424.14. Following the sale, the chief executive officer now directly owns 562,153 shares of the company's stock, valued at approximately $99,315,570.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael P. Lyons sold 11,000 shares of the business's stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $181.58, for a total value of $1,997,380.00. Following the completion of the transaction, the president now directly owns 199,095 shares of the company's stock, valued at approximately $36,151,670.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,662 shares of company stock worth $4,442,555. 0.42% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Bank & Trust Co acquired a new stake in The PNC Financial Services Group during the second quarter valued at $26,000. ORG Partners LLC increased its stake in shares of The PNC Financial Services Group by 203.7% in the 2nd quarter. ORG Partners LLC now owns 164 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 110 shares in the last quarter. LRI Investments LLC purchased a new position in shares of The PNC Financial Services Group in the 1st quarter valued at about $28,000. Palisade Asset Management LLC purchased a new position in The PNC Financial Services Group during the first quarter worth approximately $29,000. Finally, Y.D. More Investments Ltd purchased a new position in The PNC Financial Services Group during the second quarter worth approximately $33,000. 83.53% of the stock is owned by hedge funds and other institutional investors.
PNC opened at $189.92 on Thursday. The company has a market capitalization of $75.57 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.01 and a beta of 1.14. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.36. The PNC Financial Services Group has a 12-month low of $109.40 and a 12-month high of $196.64. The business's fifty day simple moving average is $180.07 and its 200-day simple moving average is $166.78.
The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.30 by $0.19. The PNC Financial Services Group had a net margin of 15.53% and a return on equity of 11.33%. The business had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the firm posted $3.60 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts anticipate that The PNC Financial Services Group will post 13.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Wednesday, October 16th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Wednesday, October 16th. The PNC Financial Services Group's dividend payout ratio (DPR) is 53.74%.
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.
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