Brokerages Set The PNC Financial Services Group, Inc. (NYSE:PNC) Target Price at $146.59

The PNC Financial Services Group, Inc. (NYSE:PNCGet Free Report) has earned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $146.59.

Several brokerages have recently weighed in on PNC. Piper Sandler increased their price target on The PNC Financial Services Group from $125.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, December 8th. The Goldman Sachs Group upped their target price on The PNC Financial Services Group from $128.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, December 19th. Morgan Stanley upped their target price on The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods increased their price target on The PNC Financial Services Group from $125.00 to $145.00 and gave the stock an “underperform” rating in a report on Wednesday, January 3rd. Finally, Stephens reiterated an “equal weight” rating and issued a $138.00 price target on shares of The PNC Financial Services Group in a report on Tuesday, December 5th.

Read Our Latest Analysis on The PNC Financial Services Group

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Guild Deborah sold 1,533 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $132.51, for a total transaction of $203,137.83. Following the completion of the sale, the executive vice president now directly owns 17,092 shares in the company, valued at approximately $2,264,860.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.39% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. BKM Wealth Management LLC purchased a new position in shares of The PNC Financial Services Group during the fourth quarter worth approximately $26,000. Tennessee Valley Asset Management Partners purchased a new position in The PNC Financial Services Group during the fourth quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in The PNC Financial Services Group by 350.0% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock valued at $28,000 after buying an additional 140 shares during the period. Fortitude Family Office LLC purchased a new position in The PNC Financial Services Group during the fourth quarter valued at approximately $28,000. Finally, MUFG Securities EMEA plc purchased a new position in The PNC Financial Services Group in the second quarter worth $25,000. Institutional investors own 80.14% of the company’s stock.

The PNC Financial Services Group Stock Performance

PNC opened at $149.16 on Friday. The business has a fifty day simple moving average of $150.03 and a 200 day simple moving average of $132.60. The company has a market capitalization of $59.42 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. 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 has a 1 year low of $109.40 and a 1 year high of $161.77.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $1.04. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the firm earned $3.49 EPS. The PNC Financial Services Group’s revenue was down 7.0% on a year-over-year basis. Research analysts expect that The PNC Financial Services Group will post 12.29 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Tuesday, January 16th were given a dividend of $1.55 per share. The ex-dividend date was Friday, January 12th. This represents a $6.20 annualized dividend and a yield of 4.16%. The PNC Financial Services Group’s payout ratio is 48.48%.

About The PNC Financial Services Group

(Get Free Report

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 certificates of 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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Analyst Recommendations for The PNC Financial Services Group (NYSE:PNC)

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