Vetr cut shares of PNC Financial Services Group Inc. (NYSE:PNC) from a buy rating to a hold rating in a report published on Thursday. They currently have $94.63 price objective on the stock.

Several other analysts also recently commented on the company. Jefferies Group reissued a hold rating and issued a $94.00 price objective (up from $88.00) on shares of PNC Financial Services Group in a research note on Monday, September 26th. Credit Agricole SA increased their price objective on PNC Financial Services Group from $86.00 to $92.00 and gave the stock an underperform rating in a research note on Friday, September 23rd. BMO Capital Markets raised PNC Financial Services Group from a market perform rating to an outperform rating and increased their price objective for the stock from $94.00 to $101.00 in a research note on Monday, September 19th. They noted that the move was a valuation call. Bank of America Corp. set a $100.00 price objective on PNC Financial Services Group and gave the stock a buy rating in a research note on Wednesday, September 7th. Finally, Keefe, Bruyette & Woods reissued an outperform rating and issued a $96.00 price objective on shares of PNC Financial Services Group in a research note on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company’s stock. PNC Financial Services Group has a consensus rating of Hold and a consensus price target of $96.65.

PNC Financial Services Group (NYSE:PNC) traded down 0.50% during mid-day trading on Thursday, reaching $91.36. The company had a trading volume of 803,921 shares. The stock has a 50-day moving average of $89.05 and a 200 day moving average of $86.00. The company has a market capitalization of $44.90 billion, a price-to-earnings ratio of 12.60 and a beta of 0.91. PNC Financial Services Group has a 12-month low of $77.40 and a 12-month high of $97.50.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, July 15th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. The firm earned $3.79 billion during the quarter. PNC Financial Services Group had a return on equity of 9.22% and a net margin of 24.32%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. On average, analysts expect that PNC Financial Services Group will post $7.10 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Shareholders of record on Monday, October 17th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.40%. The ex-dividend date is Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 30.26%.

In other PNC Financial Services Group news, Director Daniel Hesse purchased 500 shares of the company’s stock in a transaction on Thursday, July 21st. The shares were purchased at an average cost of $82.44 per share, for a total transaction of $41,220.00. Following the completion of the transaction, the director now owns 1,100 shares in the company, valued at $90,684. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Hannon sold 33,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $86.49, for a total transaction of $2,854,170.00. Following the completion of the sale, the insider now owns 87,573 shares in the company, valued at $7,574,188.77. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the company. Iowa State Bank acquired a new stake in shares of PNC Financial Services Group during the second quarter valued at approximately $114,000. Barrett Asset Management LLC boosted its stake in shares of PNC Financial Services Group by 162.3% in the second quarter. Barrett Asset Management LLC now owns 1,705 shares of the company’s stock valued at $139,000 after buying an additional 1,055 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of PNC Financial Services Group by 5.8% in the second quarter. Enterprise Financial Services Corp now owns 1,797 shares of the company’s stock valued at $146,000 after buying an additional 99 shares during the period. M&R Capital Management Inc. acquired a new stake in shares of PNC Financial Services Group during the second quarter valued at approximately $146,000. Finally, NEXT Financial Group Inc boosted its stake in shares of PNC Financial Services Group by 42.8% in the second quarter. NEXT Financial Group Inc now owns 2,006 shares of the company’s stock valued at $163,000 after buying an additional 601 shares during the period. Hedge funds and other institutional investors own 80.21% of the company’s stock.

About PNC Financial Services Group

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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