Robert W. Baird reissued their buy rating on shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) in a research report sent to investors on Sunday. They currently have a $135.00 target price on the financial services provider’s stock.

PNC has been the topic of a number of other reports. Jefferies Group LLC reaffirmed a hold rating and issued a $136.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research note on Thursday, June 8th. BidaskClub raised PNC Financial Services Group, Inc. (The) from a hold rating to a buy rating in a research report on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a buy rating and set a $130.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research note on Thursday, June 15th. Zacks Investment Research lowered PNC Financial Services Group, Inc. (The) from a buy rating to a hold rating in a report on Monday, June 19th. Finally, BMO Capital Markets restated a buy rating and issued a $134.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $127.17.

PNC Financial Services Group, Inc. (NYSE PNC) opened at 134.18 on Friday. The firm’s 50-day moving average is $128.74 and its 200-day moving average is $124.29. PNC Financial Services Group, Inc. has a 1-year low of $87.34 and a 1-year high of $135.73. The stock has a market cap of $64.30 billion, a P/E ratio of 17.08 and a beta of 0.95.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.08. The firm had revenue of $4.06 billion during the quarter, compared to the consensus estimate of $3.97 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.17% and a net margin of 24.50%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. On average, analysts forecast that PNC Financial Services Group, Inc. will post $8.41 EPS for the current year.

WARNING: This news story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/04/pnc-financial-services-group-inc-the-pnc-earns-buy-rating-from-robert-w-baird.html.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, November 5th. Investors of record on Tuesday, October 17th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.24%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is 38.12%.

PNC Financial Services Group, Inc. (The) declared that its board has approved a share repurchase program on Wednesday, June 28th that allows the company to repurchase $2.70 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

In other news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $128.31, for a total value of $641,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Hannon sold 24,111 shares of the firm’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $126.45, for a total value of $3,048,835.95. Following the completion of the sale, the insider now owns 83,931 shares of the company’s stock, valued at $10,613,074.95. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in PNC Financial Services Group, Inc. (The) by 2,833.1% in the 1st quarter. BlackRock Inc. now owns 27,133,914 shares of the financial services provider’s stock valued at $3,262,582,000 after acquiring an additional 26,208,815 shares in the last quarter. FMR LLC raised its stake in shares of PNC Financial Services Group, Inc. (The) by 19.4% in the first quarter. FMR LLC now owns 13,760,691 shares of the financial services provider’s stock worth $1,654,586,000 after acquiring an additional 2,239,716 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of PNC Financial Services Group, Inc. (The) by 240.4% in the second quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock worth $298,281,000 after acquiring an additional 1,686,944 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of PNC Financial Services Group, Inc. (The) by 2,624.0% in the second quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock worth $213,239,000 after acquiring an additional 1,645,007 shares during the last quarter. Finally, Koch Industries Inc. raised its stake in shares of PNC Financial Services Group, Inc. (The) by 78,828.1% in the second quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock worth $1,340,000 after acquiring an additional 1,348,748 shares during the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.

About PNC Financial Services Group, Inc. (The)

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Analyst Recommendations for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

Receive News & Stock Ratings for PNC Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group Inc. (The) and related stocks with our FREE daily email newsletter.