The PNC Financial Services Group (NYSE:PNC) Price Target Lowered to $210.00 at Raymond James

The PNC Financial Services Group (NYSE:PNCGet Rating) had its price objective reduced by analysts at Raymond James from $215.00 to $210.00 in a research note issued to investors on Monday, The Fly reports. Raymond James’ price target would suggest a potential upside of 20.00% from the stock’s previous close.

A number of other analysts also recently issued reports on PNC. Robert W. Baird lifted their price objective on The PNC Financial Services Group from $200.00 to $230.00 in a research note on Wednesday, January 19th. Piper Sandler reduced their price objective on The PNC Financial Services Group from $215.00 to $201.00 and set a “neutral” rating on the stock in a research note on Friday, April 1st. JPMorgan Chase & Co. lifted their price objective on shares of The PNC Financial Services Group from $229.50 to $232.50 in a research note on Thursday, February 3rd. Zacks Investment Research cut shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $221.00 price objective for the company. in a research note on Thursday, January 20th. Finally, Credit Suisse Group lifted their price objective on shares of The PNC Financial Services Group from $203.00 to $207.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $219.05.

Shares of PNC stock opened at $175.00 on Monday. The stock has a market cap of $73.23 billion, a P/E ratio of 14.81, a PEG ratio of 2.21 and a beta of 1.26. The PNC Financial Services Group has a 52 week low of $170.14 and a 52 week high of $228.14. The company has a quick ratio of 0.78, a current ratio of 0.75 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $191.95 and its two-hundred day simple moving average is $201.13.

The PNC Financial Services Group (NYSE:PNCGet Rating) last announced its quarterly earnings results on Thursday, April 14th. The financial services provider reported $3.23 EPS for the quarter, topping the consensus estimate of $2.78 by $0.45. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.72 billion. The PNC Financial Services Group had a net margin of 26.14% and a return on equity of 12.43%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.10 EPS. On average, analysts anticipate that The PNC Financial Services Group will post 13.77 EPS for the current fiscal year.

In other news, EVP Michael P. Lyons sold 5,500 shares of The PNC Financial Services Group stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $182.59, for a total transaction of $1,004,245.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.34% of the company’s stock.

Several institutional investors have recently made changes to their positions in PNC. Quantinno Capital Management LP boosted its stake in shares of The PNC Financial Services Group by 3.0% during the third quarter. Quantinno Capital Management LP now owns 1,686 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 49 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in The PNC Financial Services Group by 0.4% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,197 shares of the financial services provider’s stock worth $2,386,000 after acquiring an additional 51 shares during the last quarter. Gradient Investments LLC lifted its stake in The PNC Financial Services Group by 12.0% during the 4th quarter. Gradient Investments LLC now owns 476 shares of the financial services provider’s stock valued at $95,000 after acquiring an additional 51 shares during the period. Impax Asset Management Group plc lifted its position in The PNC Financial Services Group by 0.3% during the third quarter. Impax Asset Management Group plc now owns 15,612 shares of the financial services provider’s stock valued at $3,054,000 after purchasing an additional 52 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in The PNC Financial Services Group by 1.5% in the fourth quarter. Manchester Capital Management LLC now owns 3,652 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 82.59% of the company’s stock.

The PNC Financial Services Group Company Profile (Get Rating)

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company's Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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