Brokerages Set The PNC Financial Services Group, Inc. (NYSE:PNC) Target Price at $156.63

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) have been assigned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $156.63.

PNC has been the subject of a number of recent analyst reports. Evercore ISI dropped their price target on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Bank of America lifted their price target on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group lifted their price target on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Jefferies Financial Group dropped their price target on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Finally, Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th.

The PNC Financial Services Group Stock Down 0.1 %

PNC opened at $156.11 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The PNC Financial Services Group has a 1-year low of $109.40 and a 1-year high of $162.24. The company has a market capitalization of $62.10 billion, a PE ratio of 13.11, a PEG ratio of 1.76 and a beta of 1.18. The firm’s 50 day simple moving average is $152.76 and its two-hundred day simple moving average is $143.36.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating the consensus estimate of $3.09 by $0.01. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The company’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm earned $3.98 EPS. As a group, equities analysts forecast that The PNC Financial Services Group will post 12.65 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be issued a $1.55 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 3.97%. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

Insider Activity

In other news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PNC. DAVENPORT & Co LLC grew its position in The PNC Financial Services Group by 5.7% during the 3rd quarter. DAVENPORT & Co LLC now owns 32,582 shares of the financial services provider’s stock worth $4,000,000 after purchasing an additional 1,746 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of The PNC Financial Services Group by 0.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 11,615 shares of the financial services provider’s stock valued at $1,372,000 after acquiring an additional 102 shares during the last quarter. Meridian Wealth Management LLC boosted its holdings in shares of The PNC Financial Services Group by 95.3% in the 3rd quarter. Meridian Wealth Management LLC now owns 11,108 shares of the financial services provider’s stock valued at $1,364,000 after acquiring an additional 5,419 shares during the last quarter. Strategic Blueprint LLC purchased a new stake in shares of The PNC Financial Services Group in the 3rd quarter valued at $211,000. Finally, Washington Trust Advisors Inc. boosted its holdings in shares of The PNC Financial Services Group by 555.6% in the 3rd quarter. Washington Trust Advisors Inc. now owns 354 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time 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.