The PNC Financial Services Group, Inc. (NYSE:PNC) Given Consensus Rating of “Hold” by Analysts

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) have received an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $156.63.

PNC has been the topic of several recent research reports. Bank of America increased their price objective on The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $152.00 price target on shares of The PNC Financial Services Group in a research report on Wednesday, April 17th. HSBC upgraded The PNC Financial Services Group from a “reduce” rating to a “hold” rating and raised their price target for the stock from $141.00 to $155.00 in a research report on Thursday, March 28th. Morgan Stanley raised their price target on The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 30th. Finally, UBS Group raised their price target on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th.

The PNC Financial Services Group Trading Up 0.3 %

Shares of The PNC Financial Services Group stock opened at $158.06 on Thursday. The business has a fifty day simple moving average of $152.48 and a two-hundred day simple moving average of $142.88. The PNC Financial Services Group has a 1 year low of $109.40 and a 1 year high of $162.24. The company has a market capitalization of $62.88 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 1.76 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.01. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.98 EPS. Research analysts forecast that The PNC Financial Services Group will post 12.62 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Friday, April 12th. The PNC Financial Services Group’s payout ratio is 52.06%.

Insider Activity

In other news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the sale, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

Institutional Trading of The PNC Financial Services Group

A number of hedge funds have recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group in the fourth quarter worth approximately $26,000. Tennessee Valley Asset Management Partners bought a new stake in The PNC Financial Services Group in the fourth quarter worth approximately $26,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in The PNC Financial Services Group by 350.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Fortitude Family Office LLC bought a new stake in The PNC Financial Services Group in the fourth quarter worth approximately $28,000. Finally, Fortis Group Advisors LLC increased its holdings in The PNC Financial Services Group by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

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.