Shares of The PNC Financial Services Group, Inc. (NYSE:PNC – Get Free Report) have been given an average recommendation of “Hold” by the seventeen research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $205.00.
A number of brokerages have weighed in on PNC. Compass Point lifted their target price on The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI boosted their target price on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Morgan Stanley increased their target price on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Keefe, Bruyette & Woods lifted their price target on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the company an “underperform” rating in a research note on Wednesday, October 16th. Finally, Stephens reissued an “equal weight” rating and set a $200.00 price objective on shares of The PNC Financial Services Group in a research report on Friday, January 17th.
Get Our Latest Stock Analysis on PNC
The PNC Financial Services Group Trading Up 0.9 %
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.51 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $3.16 EPS. On average, sell-side analysts predict that The PNC Financial Services Group will post 15.26 EPS for the current year.
The PNC Financial Services Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Wednesday, January 15th. The PNC Financial Services Group’s payout ratio is currently 46.55%.
Insider Buying and Selling at The PNC Financial Services Group
In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $189.50, for a total transaction of $235,359.00. Following the transaction, the chief executive officer now owns 543,523 shares of the company’s stock, valued at $102,997,608.50. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew T. Feldstein sold 14,509 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the transaction, the director now owns 38,649 shares in the company, valued at $8,119,768.41. The trade was a 27.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,171 shares of company stock worth $5,777,926. Corporate insiders own 0.42% of the company’s stock.
Institutional Investors Weigh In On The PNC Financial Services Group
Several large investors have recently made changes to their positions in PNC. Flavin Financial Services Inc. bought a new position in shares of The PNC Financial Services Group during the 4th quarter valued at approximately $2,347,000. Trust Point Inc. grew its holdings in The PNC Financial Services Group by 5.4% during the fourth quarter. Trust Point Inc. now owns 2,604 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 134 shares during the period. Baltimore Washington Financial Advisors Inc. increased its position in The PNC Financial Services Group by 3.1% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 1,680 shares of the financial services provider’s stock worth $324,000 after buying an additional 51 shares during the last quarter. Financial Life Planners bought a new stake in shares of The PNC Financial Services Group in the fourth quarter valued at $37,000. Finally, Catalina Capital Group LLC raised its stake in The PNC Financial Services Group by 6.2% in the 4th quarter. Catalina Capital Group LLC now owns 2,052 shares of the financial services provider’s stock valued at $396,000 after acquiring an additional 120 shares during the period. 83.53% of the stock is owned by hedge funds and other institutional investors.
The PNC Financial Services Group Company Profile
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.
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