ValuEngine downgraded shares of PNC Financial Services Group (NYSE:PNC) from a hold rating to a sell rating in a research report report published on Friday.

Separately, Vining Sparks restated a buy rating and set a $160.00 target price on shares of PNC Financial Services Group in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $156.37.

NYSE PNC traded down $7.35 on Friday, reaching $124.26. 7,611,322 shares of the stock were exchanged, compared to its average volume of 2,225,490. PNC Financial Services Group has a one year low of $121.61 and a one year high of $163.59. The stock has a market cap of $63.23 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.24 and a beta of 0.92. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.16.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, October 12th. The financial services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.09. PNC Financial Services Group had a net margin of 30.40% and a return on equity of 10.33%. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same quarter last year, the business earned $2.16 EPS. Sell-side analysts forecast that PNC Financial Services Group will post 10.71 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 5th. Shareholders of record on Wednesday, October 17th will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Tuesday, October 16th. PNC Financial Services Group’s payout ratio is 44.71%.

In other news, EVP Robert Q. Reilly sold 24,710 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $140.49, for a total transaction of $3,471,507.90. Following the sale, the executive vice president now owns 131,020 shares in the company, valued at $18,406,999.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Martin Pfinsgraff acquired 700 shares of PNC Financial Services Group stock in a transaction dated Wednesday, July 18th. The shares were bought at an average price of $142.15 per share, for a total transaction of $99,505.00. Following the transaction, the director now owns 1,050 shares of the company’s stock, valued at $149,257.50. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 58,957 shares of company stock worth $8,301,859. Company insiders own 0.38% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. bought a new stake in shares of PNC Financial Services Group during the first quarter valued at approximately $105,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of PNC Financial Services Group during the first quarter valued at approximately $150,000. Landaas & Co. WI ADV bought a new stake in shares of PNC Financial Services Group during the second quarter valued at approximately $147,000. Archford Capital Strategies LLC raised its position in shares of PNC Financial Services Group by 197.0% during the second quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock valued at $147,000 after buying an additional 723 shares during the last quarter. Finally, Kaizen Advisory LLC raised its position in shares of PNC Financial Services Group by 147.8% during the second quarter. Kaizen Advisory LLC now owns 1,150 shares of the financial services provider’s stock valued at $155,000 after buying an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 79.83% of the company’s stock.

About PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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