The PNC Financial Services Group (NYSE:PNC) had its price target upped by Barclays from $171.00 to $182.00 in a report published on Wednesday, The Fly reports. The firm currently has an equal weight rating on the financial services provider’s stock.

PNC has been the subject of a number of other research reports. Wells Fargo & Company boosted their target price on shares of The PNC Financial Services Group from $173.00 to $192.00 and gave the stock an overweight rating in a research report on Thursday, April 1st. Credit Suisse Group increased their target price on The PNC Financial Services Group from $120.00 to $147.00 and gave the company a neutral rating in a research note on Friday, December 11th. Piper Sandler downgraded The PNC Financial Services Group from an overweight rating to a neutral rating and lifted their price target for the stock from $162.00 to $167.00 in a research report on Wednesday, January 13th. Smith Barney Citigroup raised The PNC Financial Services Group from a neutral rating to a buy rating and increased their price objective for the company from $140.00 to $179.00 in a research report on Monday, January 11th. Finally, Stephens boosted their target price on shares of The PNC Financial Services Group from $155.00 to $190.00 and gave the stock an equal weight rating in a research report on Tuesday, March 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $156.29.

PNC opened at $178.25 on Wednesday. The firm has a market cap of $75.58 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 3.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 0.88. The business has a 50 day moving average price of $175.00 and a 200 day moving average price of $144.72. The PNC Financial Services Group has a twelve month low of $89.13 and a twelve month high of $184.33.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Thursday, January 14th. The financial services provider reported $3.26 EPS for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.61. The company had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.10 billion. The PNC Financial Services Group had a net margin of 38.16% and a return on equity of 5.97%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.97 earnings per share. As a group, analysts anticipate that The PNC Financial Services Group will post 6.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Friday, April 16th will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, April 15th. This represents a $4.60 annualized dividend and a dividend yield of 2.58%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 40.39%.

In other The PNC Financial Services Group news, EVP Karen L. Larrimer sold 3,205 shares of the company’s stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $156.92, for a total transaction of $502,928.60. Following the sale, the executive vice president now directly owns 24,580 shares of the company’s stock, valued at $3,857,093.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Guild Deborah sold 3,840 shares of the firm’s stock in a transaction that occurred on Tuesday, January 26th. The stock was sold at an average price of $151.37, for a total transaction of $581,260.80. Following the sale, the executive vice president now directly owns 18,804 shares of the company’s stock, valued at approximately $2,846,361.48. The disclosure for this sale can be found here. Insiders sold 7,295 shares of company stock worth $1,128,071 over the last quarter. Company insiders own 0.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sugarloaf Wealth Management LLC acquired a new position in The PNC Financial Services Group in the fourth quarter worth $26,000. Vantage Consulting Group Inc acquired a new position in The PNC Financial Services Group during the 4th quarter worth about $27,000. Accel Wealth Management bought a new stake in The PNC Financial Services Group during the 4th quarter worth about $29,000. Clark Financial Advisors acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at about $29,000. Finally, MPS Loria Financial Planners LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 80.56% of the company’s stock.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group. The Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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

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