Wells Fargo & Company set a $135.00 target price on PNC Financial Services Group, Inc. (The) (NYSE:PNC) in a research note released on Thursday morning. The firm currently has a hold rating on the financial services provider’s stock.

Several other equities analysts have also commented on PNC. BMO Capital Markets reaffirmed a buy rating and issued a $134.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research report on Friday, June 23rd. BidaskClub lowered shares of PNC Financial Services Group, Inc. (The) from a buy rating to a hold rating in a research report on Saturday, June 24th. Instinet decreased their price objective on shares of PNC Financial Services Group, Inc. (The) from $127.00 to $126.00 and set a neutral rating for the company in a research report on Friday, June 30th. Zacks Investment Research raised shares of PNC Financial Services Group, Inc. (The) from a hold rating to a buy rating and set a $140.00 price objective for the company in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $136.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. PNC Financial Services Group, Inc. (The) presently has an average rating of Hold and a consensus target price of $133.70.

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded up 1.22% during mid-day trading on Thursday, hitting $136.95. 2,081,042 shares of the stock were exchanged. The stock has a 50-day moving average price of $131.66 and a 200 day moving average price of $125.66. PNC Financial Services Group, Inc. has a 52-week low of $92.76 and a 52-week high of $137.71. The firm has a market cap of $65.19 billion, a price-to-earnings ratio of 16.75 and a beta of 0.95.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.03. The firm had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. PNC Financial Services Group, Inc. (The)’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.84 EPS. On average, equities research analysts expect that PNC Financial Services Group, Inc. will post $8.42 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.19%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 36.63%.

PNC Financial Services Group, Inc. (The) declared that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that permits the company to repurchase $2.70 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

In other PNC Financial Services Group, Inc. (The) 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 SEC, which is accessible through this hyperlink. Company insiders own 0.43% of the company’s stock.

A number of hedge funds have recently made changes to their positions in PNC. Empire Life Investments Inc. purchased a new position in PNC Financial Services Group, Inc. (The) in the 1st quarter valued at $4,446,000. Quantitative Investment Management LLC purchased a new position in PNC Financial Services Group, Inc. (The) in the 1st quarter valued at $30,396,000. Peoples Bank OH purchased a new position in PNC Financial Services Group, Inc. (The) in the 1st quarter valued at $222,000. HL Financial Services LLC lifted its holdings in PNC Financial Services Group, Inc. (The) by 3.4% in the 1st quarter. HL Financial Services LLC now owns 156,503 shares of the financial services provider’s stock valued at $18,818,000 after purchasing an additional 5,172 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in PNC Financial Services Group, Inc. (The) by 5.9% in the 1st quarter. Assetmark Inc. now owns 2,613 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 80.79% of the company’s stock.

PNC Financial Services Group, Inc. (The) Company Profile

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)

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