PNC Financial Services Group (PNC) Given a $149.00 Price Target by Wells Fargo & Company Analysts

PNC Financial Services Group (NYSE:PNC) has been given a $149.00 price target by investment analysts at Wells Fargo & Company in a report released on Wednesday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Wells Fargo & Company’s price target points to a potential upside of 1.87% from the company’s current price.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada reaffirmed a “buy” rating on shares of PNC Financial Services Group in a research note on Monday, October 16th. Credit Suisse Group lifted their price target on PNC Financial Services Group from $135.00 to $137.00 and gave the stock a “neutral” rating in a research note on Monday, October 16th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Tuesday, October 31st. Instinet reaffirmed a “neutral” rating and set a $132.00 price target (up previously from $129.00) on shares of PNC Financial Services Group in a research note on Saturday, September 30th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $134.00 price target on shares of PNC Financial Services Group in a research note on Wednesday, October 4th. Sixteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $136.83.

PNC Financial Services Group (NYSE PNC) traded up $1.34 during trading on Wednesday, reaching $146.26. The company’s stock had a trading volume of 1,572,500 shares, compared to its average volume of 2,188,260. PNC Financial Services Group has a 12 month low of $113.66 and a 12 month high of $147.28. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $68,953.09, a P/E ratio of 17.69, a P/E/G ratio of 1.93 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.03. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.09 billion. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. equities analysts anticipate that PNC Financial Services Group will post 8.44 EPS for the current fiscal year.

In other PNC Financial Services Group news, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the completion of the sale, the insider now owns 20,449 shares in the company, valued at approximately $2,801,104.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The disclosure for this sale can be found here. Insiders sold a total of 108,523 shares of company stock valued at $15,392,168 in the last 90 days. 0.43% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC grew its holdings in shares of PNC Financial Services Group by 1,365.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 710 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of PNC Financial Services Group by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 91 shares during the period. First Interstate Bank grew its holdings in shares of PNC Financial Services Group by 2.6% during the 2nd quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 25 shares during the period. Atlantic Trust LLC purchased a new stake in shares of PNC Financial Services Group during the 2nd quarter worth about $129,000. Finally, Legacy Advisors LLC purchased a new stake in shares of PNC Financial Services Group during the 3rd quarter worth about $136,000. Institutional investors own 81.48% of the company’s stock.

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PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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

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