Vetr upgraded shares of PNC Financial Services Group Inc. (NYSE:PNC) from a hold rating to a buy rating in a report issued on Wednesday. Vetr currently has $94.63 price objective on the stock.

A number of other equities analysts also recently commented on the company. Barclays PLC restated a hold rating and set a $97.00 target price on shares of PNC Financial Services Group in a report on Tuesday. Nomura cut PNC Financial Services Group from a buy rating to a neutral rating in a research note on Monday. They noted that the move was a valuation call. Raymond James Financial Inc. raised PNC Financial Services Group from an underperform rating to a market perform rating in a research note on Thursday, October 6th. Jefferies Group reaffirmed a hold rating and issued a $94.00 price target (up from $88.00) on shares of PNC Financial Services Group in a research note on Monday, September 26th. Finally, Credit Agricole SA upped their price target 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. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have given a buy rating to the company. PNC Financial Services Group currently has a consensus rating of Hold and a consensus target price of $96.65.

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

Shares of PNC Financial Services Group (NYSE:PNC) opened at 89.83 on Wednesday. The company has a 50-day moving average of $89.68 and a 200 day moving average of $86.15. PNC Financial Services Group has a 52-week low of $77.40 and a 52-week high of $97.50. The firm has a market cap of $44.14 billion, a P/E ratio of 12.39 and a beta of 0.91.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, July 15th. The company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.07. The company 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%. PNC Financial Services Group’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 EPS. On average, equities analysts expect that PNC Financial Services Group will post $7.10 earnings per share for the current year.

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

In related news, insider Michael J. Hannon sold 33,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $86.49, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Daniel Hesse purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was bought at an average cost of $82.44 per share, with a total value of $41,220.00. Following the acquisition, the director now owns 1,100 shares of the company’s stock, valued at approximately $90,684. The disclosure for this purchase can be found here. Company insiders own 0.57% of the company’s stock.

Several large investors have recently bought and sold shares of PNC. Gratus Capital LLC boosted its stake in PNC Financial Services Group by 0.4% in the second quarter. Gratus Capital LLC now owns 4,246 shares of the company’s stock valued at $346,000 after buying an additional 19 shares in the last quarter. First Financial Bank N.A. Trust Division boosted its stake in PNC Financial Services Group by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 4,775 shares of the company’s stock valued at $431,000 after buying an additional 25 shares in the last quarter. Stewart & Patten Co. LLC boosted its stake in PNC Financial Services Group by 0.5% in the second quarter. Stewart & Patten Co. LLC now owns 6,243 shares of the company’s stock valued at $508,000 after buying an additional 33 shares in the last quarter. City Holding Co. boosted its stake in PNC Financial Services Group by 1.2% in the second quarter. City Holding Co. now owns 2,859 shares of the company’s stock valued at $233,000 after buying an additional 34 shares in the last quarter. Finally, MCF Advisors LLC boosted its stake in PNC Financial Services Group by 1.6% in the second quarter. MCF Advisors LLC now owns 2,238 shares of the company’s stock valued at $182,000 after buying an additional 35 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

PNC Financial Services Group Company Profile

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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