Keefe, Bruyette & Woods downgraded shares of PNC Financial Services Group Inc. (NYSE:PNC) from an outperform rating to a market perform rating in a research note published on Tuesday morning.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research raised PNC Financial Services Group from a hold rating to a buy rating and set a $121.00 price target for the company in a report on Tuesday, November 15th. Vetr downgraded PNC Financial Services Group from a sell rating to a strong sell rating and set a $95.30 price target for the company. in a report on Tuesday, November 15th. Stephens raised PNC Financial Services Group from an equal weight rating to an overweight rating and set a $100.00 price target for the company in a report on Monday, August 1st. upped their price target on PNC Financial Services Group from $86.00 to $92.00 and gave the company an underperform rating in a report on Friday, September 23rd. Finally, Robert W. Baird reaffirmed an outperform rating on shares of PNC Financial Services Group in a report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company. PNC Financial Services Group has an average rating of Hold and a consensus price target of $97.20.

Shares of PNC Financial Services Group (NYSE:PNC) opened at 109.26 on Tuesday. PNC Financial Services Group has a 52 week low of $77.40 and a 52 week high of $112.07. The firm has a market cap of $53.16 billion, a PE ratio of 15.19 and a beta of 0.82. The stock’s 50 day moving average is $98.79 and its 200-day moving average is $89.39.

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

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The company also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 17th were issued a $0.55 dividend. The ex-dividend date was Thursday, October 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.01%. PNC Financial Services Group’s dividend payout ratio (DPR) is 30.51%.

In related news, insider Joseph E. Rockey sold 16,400 shares of the firm’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $92.93, for a total transaction of $1,524,052.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William S. Demchak sold 179,809 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $107.61, for a total value of $19,349,246.49. Following the sale, the chief executive officer now owns 531,755 shares in the company, valued at $57,222,155.55. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of PNC Financial Services Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 31,475,705 shares of the company’s stock valued at $2,561,807,000 after buying an additional 320,794 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of PNC Financial Services Group by 2.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 12,985,424 shares of the company’s stock valued at $1,169,857,000 after buying an additional 269,614 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of PNC Financial Services Group by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 11,262,005 shares of the company’s stock valued at $916,614,000 after buying an additional 833,923 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of PNC Financial Services Group by 22.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,709,313 shares of the company’s stock valued at $627,462,000 after buying an additional 1,395,872 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of PNC Financial Services Group by 15.6% in the second quarter. American Century Companies Inc. now owns 6,655,625 shares of the company’s stock valued at $541,701,000 after buying an additional 897,284 shares during the last quarter. Institutional investors and hedge funds own 80.90% 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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