Wells Fargo & Company set a $149.00 price objective on PNC Financial Services Group (NYSE:PNC) in a research note released on Wednesday. The firm currently has a hold rating on the financial services provider’s stock.

A number of other analysts have also commented on the company. Piper Jaffray Companies reissued a buy rating and set a $151.00 price target on shares of PNC Financial Services Group in a research note on Monday, December 4th. J P Morgan Chase & Co lifted their price target on PNC Financial Services Group from $139.50 to $140.50 and gave the company an overweight rating in a research note on Wednesday, November 1st. Zacks Investment Research raised PNC Financial Services Group from a hold rating to a buy rating and set a $154.00 price target on the stock in a research note on Tuesday, October 31st. Nomura lifted their price target on PNC Financial Services Group from $132.00 to $135.00 and gave the company a neutral rating in a research note on Monday, October 23rd. Finally, UBS lifted their price target on PNC Financial Services Group from $133.00 to $135.00 and gave the company a neutral rating in a research note on Monday, October 16th. Sixteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. PNC Financial Services Group currently has a consensus rating of Hold and a consensus price target of $138.48.

PNC Financial Services Group (PNC) traded down $0.14 on Wednesday, reaching $146.12. The company had a trading volume of 1,008,835 shares, compared to its average volume of 1,956,222. PNC Financial Services Group has a twelve month low of $113.66 and a twelve 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 company has a market cap of $69,590.66, a PE ratio of 17.84, a PEG ratio of 1.95 and a beta of 0.90.

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

In other PNC Financial Services Group news, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total value of $675,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group stock in a transaction that occurred on 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 of the company’s stock, valued at $2,801,104.02. The disclosure for this sale can be found here. Insiders have sold 108,523 shares of company stock valued at $15,392,168 over the last 90 days. 0.43% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Honeywell International Inc. increased its holdings in PNC Financial Services Group by 0.3% in the second quarter. Honeywell International Inc. now owns 156,400 shares of the financial services provider’s stock worth $19,530,000 after purchasing an additional 400 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in shares of PNC Financial Services Group by 217.5% during the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 184,620 shares of the financial services provider’s stock valued at $24,901,000 after acquiring an additional 126,480 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of PNC Financial Services Group by 20.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,253 shares of the financial services provider’s stock valued at $906,000 after acquiring an additional 1,235 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of PNC Financial Services Group by 3.4% during the second quarter. Daiwa Securities Group Inc. now owns 15,346 shares of the financial services provider’s stock valued at $1,916,000 after acquiring an additional 500 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of PNC Financial Services Group by 12.9% during the second quarter. Canada Pension Plan Investment Board now owns 620,524 shares of the financial services provider’s stock valued at $77,485,000 after acquiring an additional 70,962 shares in 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.

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

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