PNC Financial Services Group (NYSE:PNC) had its price objective raised by investment analysts at Morgan Stanley from $138.00 to $142.00 in a research report issued on Monday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 8.16% from the stock’s previous close.

A number of other analysts also recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of PNC Financial Services Group to $150.00 and set an “average” rating for the company in a report on Thursday, January 17th. Bank of America downgraded shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. Goldman Sachs Group downgraded shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $154.00 to $144.00 in a report on Monday, January 7th. Macquarie raised shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 6th. Finally, Barclays dropped their price objective on shares of PNC Financial Services Group from $173.00 to $156.00 and set an “equal weight” rating for the company in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. PNC Financial Services Group has an average rating of “Hold” and an average target price of $145.66.

NYSE:PNC traded down $1.41 during trading hours on Monday, hitting $131.29. The stock had a trading volume of 109,270 shares, compared to its average volume of 2,103,256. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.87 and a quick ratio of 0.87. PNC Financial Services Group has a one year low of $108.45 and a one year high of $152.29. The company has a market cap of $58.39 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.51 and a beta of 1.05.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.61. PNC Financial Services Group had a net margin of 26.51% and a return on equity of 11.23%. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the firm posted $2.43 EPS. Equities research analysts expect that PNC Financial Services Group will post 11.29 EPS for the current fiscal year.

In other PNC Financial Services Group news, Director Martin Pfinsgraff bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were bought at an average price of $125.69 per share, for a total transaction of $62,845.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Q. Reilly sold 12,361 shares of PNC Financial Services Group stock in a transaction on Friday, February 8th. The stock was sold at an average price of $122.50, for a total transaction of $1,514,222.50. Following the completion of the transaction, the executive vice president now owns 118,671 shares in the company, valued at approximately $14,537,197.50. The disclosure for this sale can be found here. 0.37% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Martingale Asset Management L P increased its position in shares of PNC Financial Services Group by 3.3% in the third quarter. Martingale Asset Management L P now owns 22,319 shares of the financial services provider’s stock valued at $3,040,000 after acquiring an additional 707 shares during the period. Man Group plc boosted its stake in shares of PNC Financial Services Group by 23.1% during the 3rd quarter. Man Group plc now owns 157,551 shares of the financial services provider’s stock valued at $21,458,000 after purchasing an additional 29,528 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of PNC Financial Services Group by 2.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 20,159 shares of the financial services provider’s stock valued at $2,745,000 after purchasing an additional 445 shares in the last quarter. Cypress Capital Group boosted its stake in shares of PNC Financial Services Group by 9.0% during the 3rd quarter. Cypress Capital Group now owns 6,288 shares of the financial services provider’s stock valued at $856,000 after purchasing an additional 520 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of PNC Financial Services Group by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 280,480 shares of the financial services provider’s stock valued at $38,199,000 after purchasing an additional 9,113 shares in the last quarter. Institutional investors own 82.25% of the company’s stock.

PNC Financial Services Group Company Profile

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.

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

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