PNC Financial Services Group (NYSE:PNC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.

PNC has been the topic of a number of other reports. Nomura boosted their price target on shares of PNC Financial Services Group from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. JPMorgan Chase & Co. restated an “overweight” rating and set a $139.50 price target (up from $138.50) on shares of PNC Financial Services Group in a research report on Friday, October 6th. Sanford C. Bernstein restated a “market perform” rating and set a $134.00 price target on shares of PNC Financial Services Group in a research report on Tuesday, October 3rd. Citigroup restated a “neutral” rating and set a $144.00 price target (up from $125.00) on shares of PNC Financial Services Group in a research report on Monday, October 9th. Finally, Credit Suisse Group restated a “hold” rating and set a $135.00 price target on shares of PNC Financial Services Group in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Seventeen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. PNC Financial Services Group has an average rating of “Hold” and an average target price of $142.33.

PNC Financial Services Group (NYSE PNC) traded up $0.35 on Wednesday, reaching $151.84. 3,275,203 shares of the company were exchanged, compared to its average volume of 1,804,709. The firm has a market capitalization of $72,245.63, a price-to-earnings ratio of 14.60, a PEG ratio of 1.51 and a beta of 0.90. PNC Financial Services Group has a 52-week low of $113.66 and a 52-week high of $153.50. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. PNC Financial Services Group had a net margin of 24.61% and a return on equity of 9.29%. PNC Financial Services Group’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.97 earnings per share. equities analysts anticipate that PNC Financial Services Group will post 9.89 EPS for the current year.

In other news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Q. Reilly sold 19,576 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the completion of the sale, the insider now directly owns 103,299 shares in the company, valued at $15,031,037.49. The disclosure for this sale can be found here. Insiders sold a total of 108,523 shares of company stock worth $15,392,168 over the last three months. Insiders own 0.43% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in PNC Financial Services Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock worth $4,065,151,000 after buying an additional 589,235 shares during the period. BlackRock Inc. increased its stake in PNC Financial Services Group by 1.3% during the 2nd quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock worth $3,430,820,000 after buying an additional 341,222 shares during the period. FMR LLC increased its stake in PNC Financial Services Group by 13.9% during the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock worth $1,957,539,000 after buying an additional 1,915,923 shares during the period. JPMorgan Chase & Co. increased its stake in PNC Financial Services Group by 7.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock worth $1,592,394,000 after buying an additional 875,164 shares during the period. Finally, Capital World Investors increased its stake in PNC Financial Services Group by 6.9% during the 2nd quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock worth $1,262,761,000 after buying an additional 654,997 shares during the period. 81.49% of the stock is currently owned by hedge funds and other institutional investors.

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PNC Financial Services Group 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.

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

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