The PNC Financial Services Group (NYSE:PNC) PT Raised to $194.00

The PNC Financial Services Group (NYSE:PNC) had its target price lifted by stock analysts at Wells Fargo & Company from $185.00 to $194.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 20.66% from the company’s previous close.

A number of other equities analysts have also recently commented on PNC. Stephens reaffirmed an “equal weight” rating and issued a $138.00 target price on shares of The PNC Financial Services Group in a report on Tuesday, December 5th. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and lifted their target price for the company from $141.00 to $155.00 in a report on Thursday. Odeon Capital Group raised shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $153.38 target price on the stock in a report on Thursday, December 14th. Keefe, Bruyette & Woods boosted their price objective on shares of The PNC Financial Services Group from $125.00 to $145.00 and gave the company an “underperform” rating in a research note on Wednesday, January 3rd. Finally, UBS Group boosted their price objective on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $152.87.

The PNC Financial Services Group Stock Up 0.5 %

Shares of PNC traded up $0.81 during mid-day trading on Thursday, hitting $160.78. 229,246 shares of the company’s stock were exchanged, compared to its average volume of 2,211,865. The company has a market cap of $63.96 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 1.79 and a beta of 1.17. The PNC Financial Services Group has a fifty-two week low of $109.40 and a fifty-two week high of $161.18. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day moving average is $149.73 and its 200-day moving average is $138.10.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.12 by $1.04. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.49 earnings per share. On average, sell-side analysts anticipate that The PNC Financial Services Group will post 12.4 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the sale, the executive vice president now owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by company insiders.

Institutional Trading of The PNC Financial Services Group

A number of hedge funds have recently made changes to their positions in the business. 1832 Asset Management L.P. increased its stake in shares of The PNC Financial Services Group by 33.5% during the first quarter. 1832 Asset Management L.P. now owns 267 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 67 shares during the period. Steph & Co. increased its stake in The PNC Financial Services Group by 1.8% during the 4th quarter. Steph & Co. now owns 3,720 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 67 shares during the period. Bangor Savings Bank increased its stake in The PNC Financial Services Group by 1.2% during the 4th quarter. Bangor Savings Bank now owns 5,737 shares of the financial services provider’s stock worth $888,000 after acquiring an additional 69 shares during the period. Oakworth Capital Inc. increased its stake in shares of The PNC Financial Services Group by 11.7% in the 4th quarter. Oakworth Capital Inc. now owns 715 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 75 shares during the last quarter. Finally, KCM Investment Advisors LLC increased its stake in shares of The PNC Financial Services Group by 7.1% in the 1st quarter. KCM Investment Advisors LLC now owns 1,194 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 79 shares during 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.