PNC Financial Services Group Inc. (NYSE:PNC)‘s stock had its “hold” rating reiterated by equities researchers at Barclays PLC in a research note issued on Tuesday. They currently have a $97.00 target price on the stock. Barclays PLC’s target price would indicate a potential upside of 7.32% from the company’s previous close.

Other analysts also recently issued reports about the company. Raymond James Financial Inc. raised PNC Financial Services Group from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Wells Fargo & Co. reissued a “hold” rating on shares of PNC Financial Services Group in a research report on Saturday, July 9th. Robert W. Baird reissued an “outperform” rating on shares of PNC Financial Services Group in a research report on Thursday, August 4th. Argus assumed coverage on PNC Financial Services Group in a research report on Monday, July 18th. They issued a “hold” rating for the company. Finally, Stephens raised PNC Financial Services Group from an “equal weight” rating to an “overweight” rating and set a $100.00 target price for the company in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have assigned a buy rating to the company. PNC Financial Services Group presently has a consensus rating of “Hold” and an average target price of $96.65.

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

PNC Financial Services Group (NYSE:PNC) opened at 89.83 on Tuesday. The firm has a market capitalization of $44.14 billion, a price-to-earnings ratio of 12.39 and a beta of 0.91. PNC Financial Services Group has a one year low of $77.40 and a one year high of $97.50. The firm has a 50-day moving average price of $89.68 and a 200-day moving average price of $86.15.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, July 15th. The company reported $1.82 EPS for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.07. The business had revenue of $3.79 billion for 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 was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 earnings per share. Analysts expect that PNC Financial Services Group will post $7.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 17th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, October 13th. PNC Financial Services Group’s payout ratio is 30.26%.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 33,000 shares of PNC Financial Services Group 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 of the company’s stock, valued at $7,574,188.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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, with a total value of $41,220.00. Following the purchase, the director now owns 1,100 shares of the company’s stock, valued at $90,684. The disclosure for this purchase can be found here. Corporate insiders own 0.57% of the company’s stock.

A number of large investors have recently modified their holdings of PNC. Virginia Retirement System purchased a new stake in shares of PNC Financial Services Group during the first quarter valued at about $696,000. Ropes Wealth Advisors LLC raised its stake in shares of PNC Financial Services Group by 113.7% in the first quarter. Ropes Wealth Advisors LLC now owns 1,947 shares of the company’s stock valued at $165,000 after buying an additional 1,036 shares during the period. AMF Pensionsforsakring AB raised its stake in shares of PNC Financial Services Group by 3.8% in the first quarter. AMF Pensionsforsakring AB now owns 866,404 shares of the company’s stock valued at $73,272,000 after buying an additional 31,572 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of PNC Financial Services Group by 37.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,053,098 shares of the company’s stock valued at $173,630,000 after buying an additional 563,888 shares during the period. Finally, Cypress Capital Management LLC raised its stake in shares of PNC Financial Services Group by 0.4% in the first quarter. Cypress Capital Management LLC now owns 75,529 shares of the company’s stock valued at $6,387,000 after buying an additional 300 shares during the period. 80.22% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:PNC

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