The PNC Financial Services Group (NYSE:PNC) Price Target Lowered to $165.00 at Credit Suisse Group

The PNC Financial Services Group (NYSE:PNCGet Rating) had its target price cut by stock analysts at Credit Suisse Group from $170.00 to $165.00 in a report released on Thursday, The Fly reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Credit Suisse Group’s price target suggests a potential upside of 6.54% from the company’s current price.

PNC has been the topic of a number of other research reports. Barclays decreased their price target on shares of The PNC Financial Services Group from $222.00 to $218.00 and set an “overweight” rating on the stock in a report on Tuesday, January 3rd. StockNews.com lowered shares of The PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. Bank of America lowered shares of The PNC Financial Services Group from a “neutral” rating to an “underperform” rating and increased their target price for the company from $157.00 to $160.00 in a report on Thursday, January 5th. Compass Point reduced their target price on shares of The PNC Financial Services Group to $160.00 in a report on Thursday, October 20th. Finally, Citigroup increased their target price on shares of The PNC Financial Services Group to $180.00 in a report on Friday, December 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $180.41.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $154.87 on Thursday. The company’s fifty day moving average price is $159.04 and its 200-day moving average price is $159.82. The firm has a market capitalization of $62.46 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.28 and a beta of 1.16. The PNC Financial Services Group has a one year low of $143.52 and a one year high of $214.50. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.78 and a quick ratio of 0.78.

The PNC Financial Services Group (NYSE:PNCGet Rating) last issued its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $3.49 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.48). The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.71 billion. The PNC Financial Services Group had a return on equity of 12.45% and a net margin of 26.96%. The PNC Financial Services Group’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.86 EPS. On average, equities research analysts anticipate that The PNC Financial Services Group will post 14.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Guild Deborah sold 2,833 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $159.66, for a total value of $452,316.78. Following the sale, the executive vice president now owns 20,527 shares of the company’s stock, valued at approximately $3,277,340.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On The PNC Financial Services Group

Several institutional investors and hedge funds have recently modified their holdings of PNC. Blair William & Co. IL lifted its position in shares of The PNC Financial Services Group by 0.5% in the 1st quarter. Blair William & Co. IL now owns 16,997 shares of the financial services provider’s stock worth $3,135,000 after purchasing an additional 89 shares during the period. Cetera Investment Advisers lifted its position in shares of The PNC Financial Services Group by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 16,141 shares of the financial services provider’s stock worth $2,977,000 after purchasing an additional 1,724 shares during the period. Covestor Ltd lifted its position in shares of The PNC Financial Services Group by 68.8% in the 1st quarter. Covestor Ltd now owns 336 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 137 shares during the period. West Family Investments Inc. lifted its position in shares of The PNC Financial Services Group by 9.1% in the 1st quarter. West Family Investments Inc. now owns 1,164 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 97 shares during the period. Finally, Ergoteles LLC lifted its position in shares of The PNC Financial Services Group by 137.9% in the 1st quarter. Ergoteles LLC now owns 21,048 shares of the financial services provider’s stock worth $3,882,000 after purchasing an additional 12,201 shares during the period. 82.05% of the stock is owned by hedge funds and other institutional investors.

About The PNC Financial Services Group

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The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of 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.

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