Vetr downgraded shares of PNC Financial Services Group Inc. (NYSE:PNC) from a hold rating to a sell rating in a research note published on Wednesday. They currently have $95.30 price target on the stock.

PNC has been the subject of a number of other reports. Nomura cut shares of PNC Financial Services Group from a buy rating to a neutral rating in a report on Monday, October 10th. They noted that the move was a valuation call. BMO Capital Markets raised shares of PNC Financial Services Group from a market perform rating to an outperform rating and upped their target price for the company from $94.00 to $101.00 in a report on Monday, September 19th. They noted that the move was a valuation call. Oppenheimer Holdings Inc. reaffirmed a market perform rating on shares of PNC Financial Services Group in a report on Tuesday, July 19th. FBR & Co reaffirmed a buy rating on shares of PNC Financial Services Group in a report on Monday, July 18th. Finally, Jefferies Group reaffirmed a hold rating and set a $94.00 target price (up from $88.00) on shares of PNC Financial Services Group in a report on Monday, September 26th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $96.45.

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

Shares of PNC Financial Services Group (NYSE:PNC) opened at 105.93 on Wednesday. PNC Financial Services Group has a 12-month low of $77.40 and a 12-month high of $106.34. The stock’s 50 day moving average is $92.94 and its 200-day moving average is $87.69. The company has a market capitalization of $51.54 billion, a P/E ratio of 14.73 and a beta of 0.82.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, October 14th. The company reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.06. PNC Financial Services Group had a net margin of 23.77% and a return on equity of 9.04%. The business earned $3.83 billion during the quarter. During the same period in the prior year, the company posted $1.90 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that PNC Financial Services Group will post $7.16 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 17th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio (DPR) is 30.51%.

In other news, insider Joseph E. Rockey sold 16,400 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $92.93, for a total transaction of $1,524,052.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Q. Reilly sold 22,000 shares of PNC Financial Services Group stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $95.49, for a total transaction of $2,100,780.00. Following the transaction, the insider now directly owns 104,803 shares of the company’s stock, valued at $10,007,638.47. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of PNC Financial Services Group by 1.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,041 shares of the company’s stock valued at $4,157,000 after buying an additional 853 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of PNC Financial Services Group during the first quarter valued at approximately $4,213,000. Seven Eight Capital LLC bought a new stake in shares of PNC Financial Services Group during the first quarter valued at approximately $2,136,000. Babson Capital Management LLC raised its stake in shares of PNC Financial Services Group by 12.4% in the first quarter. Babson Capital Management LLC now owns 45,199 shares of the company’s stock valued at $3,822,000 after buying an additional 5,000 shares during the last quarter. Finally, Eachwin Capital LP bought a new stake in shares of PNC Financial Services Group during the first quarter valued at approximately $423,000. 80.88% 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

To view Vetr’s full report, visit Vetr’s official website.

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