PNC Financial Services Group (PNC) Given Hold Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of PNC Financial Services Group (NYSE:PNC) in a research note issued to investors on Friday. The brokerage currently has a $162.00 price objective on the financial services provider’s stock.

PNC has been the subject of several other research reports. Wells Fargo & Co set a $135.00 price objective on PNC Financial Services Group and gave the company a hold rating in a research report on Thursday, October 19th. Sanford C. Bernstein reiterated a market perform rating and issued a $134.00 price objective on shares of PNC Financial Services Group in a research report on Tuesday, October 3rd. Citigroup reiterated a neutral rating and issued a $144.00 price objective (up previously from $125.00) on shares of PNC Financial Services Group in a research report on Monday, October 9th. JPMorgan Chase & Co. reiterated an overweight rating and issued a $139.50 price objective (up previously from $138.50) on shares of PNC Financial Services Group in a research report on Friday, October 6th. Finally, Stephens downgraded PNC Financial Services Group from an overweight rating to an equal weight rating in a research report on Thursday, October 5th. They noted that the move was a valuation call. Sixteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $138.98.

Shares of PNC Financial Services Group (PNC) traded down $1.38 on Friday, reaching $144.29. The company’s stock had a trading volume of 1,125,469 shares, compared to its average volume of 1,682,923. The stock has a market capitalization of $69,309.95, a price-to-earnings ratio of 17.62, a P/E/G ratio of 1.94 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. PNC Financial Services Group has a 1-year low of $113.66 and a 1-year high of $147.28.

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

In other PNC Financial Services Group news, insider Robert Q. Reilly sold 19,576 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $145.51, for a total value of $2,848,503.76. Following the completion of the transaction, the insider now owns 103,299 shares in the company, valued at $15,031,037.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of the stock in a transaction on Thursday, October 19th. The stock was 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. In the last 90 days, insiders have sold 108,523 shares of company stock valued at $15,392,168. 0.43% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PNC. Financial Consulate Inc. raised its holdings in PNC Financial Services Group by 0.7% in the second quarter. Financial Consulate Inc. now owns 11,645 shares of the financial services provider’s stock worth $1,454,000 after purchasing an additional 78 shares in the last quarter. Northstar Wealth Partners LLC purchased a new stake in shares of PNC Financial Services Group in the second quarter worth $206,000. Goelzer Investment Management Inc. grew its stake in shares of PNC Financial Services Group by 0.7% in the second quarter. Goelzer Investment Management Inc. now owns 74,448 shares of the financial services provider’s stock worth $9,296,000 after acquiring an additional 521 shares during the last quarter. Advisor Partners LLC grew its stake in shares of PNC Financial Services Group by 20.7% in the second quarter. Advisor Partners LLC now owns 11,577 shares of the financial services provider’s stock worth $1,446,000 after acquiring an additional 1,985 shares during the last quarter. Finally, Lakeview Capital Partners LLC grew its stake in shares of PNC Financial Services Group by 2.5% in the second quarter. Lakeview Capital Partners LLC now owns 3,130 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds 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.

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