PNC Financial Services Group (NYSE:PNC) PT Raised to $142.00

PNC Financial Services Group (NYSE:PNC) had its price objective increased by investment analysts at JPMorgan Chase & Co. from $137.50 to $142.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 0.40% from the stock’s current price.

PNC has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Hope Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Barclays lifted their price target on shares of Zimmer Biomet from $113.00 to $117.00 and gave the stock an “underweight” rating in a research note on Monday, April 15th. UBS Group set a $169.00 price target on shares of M&T Bank and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Morgan Stanley set a $36.00 target price on shares of ArcBest and gave the company a “hold” rating in a research note on Monday. Finally, ValuEngine lowered shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Twelve equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. PNC Financial Services Group presently has a consensus rating of “Hold” and an average target price of $142.99.

Shares of NYSE:PNC traded up $1.38 during midday trading on Tuesday, reaching $141.43. The company had a trading volume of 80,557 shares, compared to its average volume of 2,056,001. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day simple moving average is $134.42. The stock has a market cap of $63.91 billion, a PE ratio of 13.23, a P/E/G ratio of 1.65 and a beta of 1.09. PNC Financial Services Group has a one year low of $108.45 and a one year high of $147.23.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.61. The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.24 billion. PNC Financial Services Group had a net margin of 25.93% and a return on equity of 11.20%. During the same quarter in the previous year, the firm earned $2.43 earnings per share. As a group, equities analysts anticipate that PNC Financial Services Group will post 11.33 earnings per share for the current year.

In other news, insider Joseph E. Rockey sold 6,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $135.00, for a total transaction of $810,000.00. Following the completion of the transaction, the insider now owns 24,747 shares in the company, valued at $3,340,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Deprince Race & Zollo Inc. lifted its stake in shares of PNC Financial Services Group by 3.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 132,645 shares of the financial services provider’s stock worth $15,508,000 after buying an additional 4,893 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PNC Financial Services Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,981,897 shares of the financial services provider’s stock worth $348,594,000 after buying an additional 41,309 shares during the period. Berman Capital Advisors LLC acquired a new stake in shares of PNC Financial Services Group during the fourth quarter worth $66,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of PNC Financial Services Group by 56.4% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,900 shares of the financial services provider’s stock worth $455,000 after buying an additional 1,407 shares during the period. Finally, Kinneret Advisory LLC acquired a new stake in shares of PNC Financial Services Group during the fourth quarter worth $753,000. 80.31% of the stock is owned by institutional investors and hedge funds.

About PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Analyst Recommendations for PNC Financial Services Group (NYSE:PNC)

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