The PNC Financial Services Group, Inc. (NYSE:PNC) Given Average Recommendation of “Hold” by Brokerages

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) have received an average rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $205.00.

A number of analysts recently issued reports on PNC shares. Keefe, Bruyette & Woods raised their price target on The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 16th. Truist Financial raised their price target on The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Piper Sandler raised their price target on The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Compass Point raised their price target on The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Citigroup lifted their target price on The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, November 25th.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, Director Andrew T. Feldstein sold 14,509 shares of The PNC Financial Services Group stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $216.01, for a total value of $268,284.42. Following the sale, the chief executive officer now owns 533,765 shares in the company, valued at $115,298,577.65. The trade was a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,413 shares of company stock worth $6,021,569 over the last quarter. Insiders own 0.42% of the company’s stock.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of large investors have recently modified their holdings of PNC. Intech Investment Management LLC grew its stake in shares of The PNC Financial Services Group by 65.9% during the second quarter. Intech Investment Management LLC now owns 3,003 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 1,193 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of The PNC Financial Services Group by 8.2% during the second quarter. Thrivent Financial for Lutherans now owns 32,910 shares of the financial services provider’s stock worth $5,118,000 after acquiring an additional 2,508 shares during the last quarter. AXA S.A. grew its stake in shares of The PNC Financial Services Group by 46.8% during the second quarter. AXA S.A. now owns 12,125 shares of the financial services provider’s stock worth $1,885,000 after acquiring an additional 3,865 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of The PNC Financial Services Group by 14.2% during the second quarter. AQR Capital Management LLC now owns 45,448 shares of the financial services provider’s stock worth $6,983,000 after acquiring an additional 5,640 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of The PNC Financial Services Group by 203.2% during the second quarter. APG Asset Management N.V. now owns 47,452 shares of the financial services provider’s stock worth $6,884,000 after acquiring an additional 31,800 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Up 0.3 %

NYSE PNC opened at $202.29 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $80.26 billion, a P/E ratio of 14.71, a P/E/G ratio of 1.59 and a beta of 1.16. The PNC Financial Services Group has a one year low of $139.69 and a one year high of $216.26. The stock has a 50 day moving average price of $200.14 and a 200-day moving average price of $189.26.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating 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 company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.16 EPS. As a group, equities analysts predict that The PNC Financial Services Group will post 15.26 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.16%. The PNC Financial Services Group’s dividend payout ratio is currently 46.55%.

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.