Shares of The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) received an average recommendation of “Hold” from the nineteen rating companies that currently cover the company, MarketBeat reports. One analyst rated the stock with a sell recommendation, eight gave a hold recommendation and five gave the company a buy recommendation. The 12-month average target price among analysts who updated their coverage of the stock in the past year is $204.50.
Several analysts have commented on PNC shares. Wolfe Research cut its price target on PNC Financial Services Group shares from $223.00 to $177.00 and set an “outperform” rating for the company in a Thursday, May 26 research note. Argus reduced its price target on shares of PNC Financial Services Group from $245.00 to $220.00 in a Monday, April 18 research note. StockNews.com began covering shares of PNC Financial Services Group in a research note on Thursday, March 31. They set a “hold” rating for the company. Piper Sandler cut her price target on PNC Financial Services Group shares from $215.00 to $201.00 and set a “neutral” rating for the company in a Friday, April 1 research note. Finally, Jefferies Financial Group cut its price target on shares of PNC Financial Services Group from $188.00 to $156.00 in a report on Monday.
In other news from PNC Financial Services Group, Director Robert A. Niblock purchased 2,000 shares of the company in a trade on Friday, May 6. The shares were acquired at an average price of $167.07 per share, for a total transaction of $334,140.00. Following the completion of the purchase, the administrator now directly owns 6,063 shares of the company, valued at approximately $1,012,945.41. The purchase was disclosed in a filing with the SEC, which is available via this link. Additionally, EVP Guild Deborah sold 1,257 shares of the company in a trade on Tuesday, May 3. The stock was sold at an average price of $170.56, for a total transaction of $214,393.92. Following the completion of the transaction, the executive vice president now owns 23,360 shares of the company, valued at approximately $3,984,281.60. The disclosure of this sale can be found here. Insiders of the company own 0.34% of the shares of the company.
Institutional investors have recently increased or reduced their stake in the company. Marcum Wealth LLC increased its holdings of The PNC Financial Services Group shares by 16.0% in the second quarter. Marcum Wealth LLC now owns 3,780 shares of the financial services provider valued at $596,000 after purchasing an additional 521 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings of The PNC Financial Services Group shares by 17.2% in the second quarter. Orion Portfolio Solutions LLC now owns 6,404 shares of the financial services provider worth $1,010,000 after acquiring an additional 940 shares in the last quarter. Raymond James Trust NA increased its holdings of PNC Financial Services Group shares by 5.9% in the second quarter. Raymond James Trust NA now owns 26,685 shares of the financial services provider worth $4,210,000 after acquiring an additional 1,494 shares in the last quarter. Ballast Inc. increased its stake in The PNC Financial Services Group by 6.6% in the second quarter. Ballast Inc. now owns 5,555 shares of the financial services provider valued at $876,000 after purchasing an additional 344 shares in the last quarter. Finally, Steph & Co. increased its stake in The PNC Financial Services Group by 23.3% in the second quarter. Steph & Co. now owns 2,468 shares of the financial services provider valued at $389,000 after buying an additional 466 shares in the last quarter. 83.54% of the shares are held by institutional investors and hedge funds.
Shares of PNC opened at $150.96 on Friday. The stock’s fifty-day moving average price is $161.74 and its 200-day moving average price is $183.61. The company has a debt ratio of 0.54, a current ratio of 0.75 and a quick ratio of 0.74. PNC Financial Services Group has a 1-year low of $149.51 and a 1-year high of $228.14. The company has a market cap of $62.43 billion, a price-to-earnings ratio of 12.77, a growth price-to-earnings ratio of 2.22, and a beta of 1.24.
PNC Financial Services Group (NYSE:PNC – Get Rating) last released its results on Thursday, April 14. The financial services provider reported EPS of $3.29 for the quarter, beating analyst consensus estimates of $2.78 by $0.51. The company posted revenue of $4.69 billion in the quarter, versus $4.72 billion expected by analysts. The PNC Financial Services group achieved a net margin of 26.14% and a return on equity of 12.43%. PNC Financial Services Group revenue for the quarter increased 11.2% year-over-year. During the same period last year, the company achieved EPS of $4.10. As a group, equity research analysts expect PNC Financial Services Group to post earnings per share of 14.27 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 5. Shareholders of record on Wednesday, July 13 will receive a dividend of $1.50 per share. This represents an annualized dividend of $6.00 and a yield of 3.97%. The ex-dividend date is Tuesday, July 12. The dividend payout ratio (DPR) of the PNC Financial Services group is currently 50.76%.
PNC Financial Services Group Company Profile (Get a 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, investment and cash management services; checking, savings and money market accounts; certificates of deposit; and lending products, which include residential mortgages, home equity loans and lines of credit, auto loans, education loans and personal and small business loans, as well as consumer credit cards and to small businesses through a network of branches, ATMs, call centers, and online and mobile banking channels.
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