The PNC Financial Services Group (NYSE:PNC) Upgraded to “Hold” by StockNews.com

The PNC Financial Services Group (NYSE:PNC – Get Rating) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently weighed in on PNC. Compass Point dropped their target price on shares of The PNC Financial Services Group to $160.00 in a research note on Thursday, October 20th. Morgan Stanley lowered their target price on The PNC Financial Services Group from $178.00 to $163.00 and set an “underweight” rating for the company in a research note on Thursday. Citigroup upped their price target on The PNC Financial Services Group to $180.00 in a research note on Friday, December 2nd. Evercore ISI lowered their price objective on The PNC Financial Services Group to $180.00 in a research report on Thursday, October 20th. Finally, Odeon Capital Group upgraded shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $176.27 target price on the stock in a research report on Tuesday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, The PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus target price of $180.41.

The PNC Financial Services Group Stock Up 4.6 %

Shares of PNC opened at $154.87 on Thursday. The company has a market capitalization of $62.46 billion, a P/E 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 business’s 50 day simple moving average is $159.04 and its 200-day simple moving average is $159.82. 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:PNC – Get Rating) last announced its earnings results on Wednesday, January 18th. The financial services provider reported $3.49 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.48). The PNC Financial Services Group had a return on equity of 12.45% and a net margin of 26.96%. The business had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the company posted $2.86 EPS. The PNC Financial Services Group’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, sell-side analysts predict that The PNC Financial Services Group will post 14.39 EPS 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 PNC Financial Services Group stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $159.66, for a total transaction of $452,316.78. Following the transaction, the executive vice president now directly owns 20,527 shares in the company, valued at $3,277,340.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PNC. Retirement Financial Solutions LLC bought a new stake in shares of The PNC Financial Services Group in the fourth quarter valued at about $25,000. ACG Wealth bought a new stake in shares of The PNC Financial Services Group in the second quarter valued at about $27,000. West Financial Advisors LLC bought a new stake in shares of The PNC Financial Services Group in the third quarter valued at about $26,000. Win Advisors Inc. lifted its holdings in shares of The PNC Financial Services Group by 61.0% in the second quarter. Win Advisors Inc. now owns 198 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Finally, Standard Family Office LLC bought a new stake in shares of The PNC Financial Services Group in the third quarter valued at about $30,000. 82.05% of the stock is currently owned by 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.