The PNC Financial Services Group (NYSE:PNC) Rating Reiterated by Keefe, Bruyette & Woods

The PNC Financial Services Group (NYSE:PNC)‘s stock had its “underperform” rating reiterated by stock analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday, Benzinga reports. They currently have a $152.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 2.83% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company upped their price objective on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Jefferies Financial Group increased their target price on shares of The PNC Financial Services Group from $164.00 to $171.00 and gave the company a “hold” rating in a research report on Monday, April 8th. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and increased their target price for the company from $141.00 to $155.00 in a research report on Thursday, March 28th. The Goldman Sachs Group upped their price target on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Finally, Evercore ISI increased their target price on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $156.63.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $147.82 on Wednesday. The firm’s 50-day moving average price is $151.80 and its 200-day moving average price is $141.72. The PNC Financial Services Group has a 1-year low of $109.40 and a 1-year high of $162.24. The firm has a market capitalization of $58.80 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.69 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.01. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the business earned $3.98 earnings per share. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. Equities research analysts anticipate that The PNC Financial Services Group will post 12.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Rockline Wealth Management LLC purchased a new position in The PNC Financial Services Group during the 4th quarter valued at about $1,825,000. KPP Advisory Services LLC purchased a new position in The PNC Financial Services Group in the third quarter worth about $323,000. AQR Capital Management LLC raised its holdings in The PNC Financial Services Group by 144.2% in the third quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider’s stock worth $14,032,000 after buying an additional 67,490 shares during the last quarter. Trust Point Inc. purchased a new position in The PNC Financial Services Group in the fourth quarter worth about $459,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of The PNC Financial Services Group in the fourth quarter worth approximately $295,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Company Profile

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.