The PNC Financial Services Group, Inc (NYSE:PNC) Stock Has Consensus Target Price of $270.11

The PNC Financial Services Group, Inc (NYSE:PNC) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $270.11.

Several research analysts have recently issued reports on PNC shares. Oppenheimer raised their price target on The PNC Financial Services Group from $271.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. UBS Group decreased their price objective on The PNC Financial Services Group from $288.00 to $286.00 and set a “buy” rating for the company in a research note on Monday, October 5th. JPMorgan Chase & Co. dropped their price objective on The PNC Financial Services Group from $269.50 to $258.00 and set an “overweight” rating for the company in a report on Friday, October 2nd. Truist Financial cut their target price on The PNC Financial Services Group from $264.00 to $252.00 and set a “hold” rating on the stock in a research note on Thursday, October 1st. Finally, Royal Bank Of Canada increased their target price on The PNC Financial Services Group from $235.00 to $273.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th.

Insider Activity at The PNC Financial Services Group

In related news, EVP Stacy Juchno sold 3,354 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $255.84, for a total value of $858,087.36. Following the sale, the executive vice president directly owned 18,800 shares in the company, valued at $4,809,792. This trade represents a 15.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Monetary Solutions Ltd bought a new stake in The PNC Financial Services Group during the 4th quarter worth about $25,000. Highland Investment Advisors LLC bought a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at about $28,000. Financial Life Planners bought a new position in shares of The PNC Financial Services Group in the 1st quarter valued at about $31,000. Finally, Wilkerson Advisory Group LLC increased its position in shares of The PNC Financial Services Group by 93.4% in the first quarter. Wilkerson Advisory Group LLC now owns 147 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $215.39 on Monday. The PNC Financial Services Group has a 12-month low of $176.88 and a 12-month high of $258.96. The business’s 50-day simple moving average is $236.79 and its 200 day simple moving average is $233.09. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.34. The stock has a market cap of $85.93 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 1.15 and a beta of 0.94.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.46 by $0.39. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.51 billion. The PNC Financial Services Group had a net margin of 21.41% and a return on equity of 12.48%. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.85 EPS. As a group, research analysts anticipate that The PNC Financial Services Group will post 19.22 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Wednesday, October 14th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.7%. The PNC Financial Services Group’s dividend payout ratio is 44.03%.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its banking and financial services businesses, PNC serves consumers, small and mid-sized businesses, corporations, government entities and institutional clients across the United States.

PNC’s principal activities include retail banking, corporate and institutional banking, and asset management. Its products and services include deposit accounts, consumer and business lending, mortgages, credit cards, treasury management, investment banking, commercial finance, wealth management and investment advisory services.