Analysts Set PNC Financial Services Group Inc (PNC) Price Target at $147.92
PNC Financial Services Group Inc (NYSE:PNC) has been assigned an average recommendation of “Hold” from the twenty-six brokerages that are presently covering the stock, MarketBeat.com reports. Eighteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $147.92.
PNC has been the topic of several recent research reports. Wells Fargo & Co set a $135.00 target price on PNC Financial Services Group and gave the company a “hold” rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $162.00 target price on shares of PNC Financial Services Group in a research report on Friday, December 22nd. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research report on Tuesday, December 26th. Credit Suisse Group reaffirmed a “hold” rating and set a $150.00 target price on shares of PNC Financial Services Group in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. raised their price objective on PNC Financial Services Group from $139.50 to $140.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st.
Shares of PNC Financial Services Group (NYSE:PNC) traded up $4.98 during midday trading on Friday, reaching $158.27. The company’s stock had a trading volume of 2,207,095 shares, compared to its average volume of 2,580,000. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market cap of $75,310.00, a PE ratio of 15.17, a PEG ratio of 1.43 and a beta of 0.93. PNC Financial Services Group has a 1-year low of $115.25 and a 1-year high of $160.07.
The company also recently announced a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Wednesday, January 17th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.90%. PNC Financial Services Group’s dividend payout ratio (DPR) is 28.76%.
In related news, insider Michael J. Hannon sold 8,011 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total value of $1,235,296.20. Following the completion of the transaction, the insider now owns 58,820 shares in the company, valued at approximately $9,070,044. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider E William Parsley III sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total value of $3,467,000.00. The disclosure for this sale can be found here. Insiders sold a total of 103,894 shares of company stock valued at $14,897,513 in the last 90 days. 0.43% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of PNC Financial Services Group by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after buying an additional 91 shares during the last quarter. Truewealth LLC purchased a new position in shares of PNC Financial Services Group during the 4th quarter valued at about $107,000. Atlantic Trust LLC purchased a new position in shares of PNC Financial Services Group during the 2nd quarter valued at about $129,000. Crewe Advisors LLC purchased a new position in shares of PNC Financial Services Group during the 4th quarter valued at about $134,000. Finally, Legacy Advisors LLC purchased a new position in shares of PNC Financial Services Group during the 3rd quarter valued at about $136,000. Institutional investors own 81.98% 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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