The PNC Financial Services Group (NYSE:PNC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

The PNC Financial Services Group (NYSE:PNC)‘s stock had its “underperform” rating restated by equities researchers at Keefe, Bruyette & Woods in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $152.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 3.68% from the stock’s previous close.

Other analysts also recently issued reports about the stock. UBS Group raised 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 report on Thursday, January 18th. HSBC upgraded shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and raised their price objective for the company from $141.00 to $155.00 in a research report on Thursday, March 28th. Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a report on Tuesday, January 30th. Wells Fargo & Company lifted their price target on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group lifted their price target on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $156.46.

The PNC Financial Services Group Trading Up 0.0 %

PNC stock traded up $0.06 during trading on Wednesday, reaching $146.60. The company had a trading volume of 1,086,606 shares, compared to its average volume of 2,143,937. The PNC Financial Services Group has a 52 week low of $109.40 and a 52 week high of $162.24. The company has a market cap of $58.32 billion, a P/E ratio of 11.49, a PEG ratio of 1.72 and a beta of 1.18. The business has a 50 day moving average of $151.82 and a 200 day moving average of $141.64. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.84.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating the consensus estimate of $3.05 by $0.05. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The company’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm earned $3.98 EPS. As a group, sell-side analysts forecast that The PNC Financial Services Group will post 12.42 earnings per share for the current fiscal year.

Insider Buying and Selling at The PNC Financial Services Group

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

Institutional Investors Weigh In On The PNC Financial Services Group

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in The PNC Financial Services Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 37,008,602 shares of the financial services provider’s stock valued at $5,730,782,000 after buying an additional 158,093 shares during the period. Capital International Investors boosted its position in The PNC Financial Services Group by 14.4% in the 4th quarter. Capital International Investors now owns 15,739,631 shares of the financial services provider’s stock valued at $2,437,361,000 after buying an additional 1,978,854 shares during the period. FMR LLC raised its holdings in shares of The PNC Financial Services Group by 6.7% in the 3rd quarter. FMR LLC now owns 14,326,630 shares of the financial services provider’s stock valued at $1,758,880,000 after purchasing an additional 893,808 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of The PNC Financial Services Group by 7.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,070,513 shares of the financial services provider’s stock valued at $2,064,357,000 after purchasing an additional 860,489 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of The PNC Financial Services Group by 2.4% in the 1st quarter. Geode Capital Management LLC now owns 7,219,084 shares of the financial services provider’s stock valued at $915,146,000 after purchasing an additional 171,876 shares in the last quarter. 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.