PNC Financial Services Group Inc. (NYSE:PNC) was downgraded by Vetr from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday. They presently have a $95.30 price target on the stock. Vetr‘s target price suggests a potential downside of 11.84% from the company’s previous close.

Several other equities analysts have also recently weighed in on PNC. Argus assumed coverage on PNC Financial Services Group in a report on Monday, July 18th. They issued a “hold” rating for the company. Piper Jaffray Cos. restated an “overweight” rating and issued a $97.00 price objective (up previously from $96.00) on shares of PNC Financial Services Group in a report on Monday, July 18th. BMO Capital Markets restated a “hold” rating and issued a $94.00 price objective on shares of PNC Financial Services Group in a report on Monday, July 18th. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of PNC Financial Services Group in a report on Tuesday, July 19th. Finally, Barclays PLC restated a “hold” rating and issued a $97.00 price objective on shares of PNC Financial Services Group in a report on Tuesday, October 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $96.45.

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

PNC Financial Services Group (NYSE:PNC) opened at 108.10 on Tuesday. PNC Financial Services Group has a 12-month low of $77.40 and a 12-month high of $109.17. The firm has a market cap of $52.59 billion, a PE ratio of 15.03 and a beta of 0.82. The firm has a 50-day moving average price of $92.94 and a 200 day moving average price of $87.69.

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

The business also recently announced a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 17th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, October 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. PNC Financial Services Group’s payout ratio is presently 30.51%.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 25,000 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $95.28, for a total transaction of $2,382,000.00. Following the sale, the insider now owns 79,573 shares of the company’s stock, valued at $7,581,715.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William S. Demchak sold 82,500 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $95.31, for a total transaction of $7,863,075.00. Following the sale, the chief executive officer now directly owns 476,255 shares in the company, valued at approximately $45,391,864.05. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Wright Investors Service Inc. boosted its stake in shares of PNC Financial Services Group by 3.6% in the second quarter. Wright Investors Service Inc. now owns 9,907 shares of the company’s stock valued at $806,000 after buying an additional 346 shares in the last quarter. Huntington National Bank boosted its stake in shares of PNC Financial Services Group by 14.6% in the second quarter. Huntington National Bank now owns 275,683 shares of the company’s stock valued at $22,438,000 after buying an additional 35,206 shares in the last quarter. Cincinnati Financial Corp boosted its stake in shares of PNC Financial Services Group by 14.3% in the second quarter. Cincinnati Financial Corp now owns 473,000 shares of the company’s stock valued at $38,497,000 after buying an additional 59,000 shares in the last quarter. RNC Capital Management LLC boosted its stake in shares of PNC Financial Services Group by 0.5% in the second quarter. RNC Capital Management LLC now owns 222,243 shares of the company’s stock valued at $18,088,000 after buying an additional 1,150 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in shares of PNC Financial Services Group by 3.5% in the second quarter. Commonwealth Bank of Australia now owns 69,691 shares of the company’s stock valued at $5,671,000 after buying an additional 2,372 shares in the last quarter. 80.88% of the stock is currently 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.

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