The PNC Financial Services Group (NYSE:PNC) Given New $175.00 Price Target at Evercore ISI

The PNC Financial Services Group (NYSE:PNCFree Report) had its price objective decreased by Evercore ISI from $184.00 to $175.00 in a research note published on Wednesday, Benzinga reports. Evercore ISI currently has an outperform rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods restated an underperform rating and set a $152.00 price objective on shares of The PNC Financial Services Group in a report on Wednesday. Jefferies Financial Group increased their target price on The PNC Financial Services Group from $164.00 to $171.00 and gave the stock a hold rating in a report on Monday, April 8th. Morgan Stanley boosted their price target on The PNC Financial Services Group from $142.00 to $158.00 and gave the company an underweight rating in a report on Tuesday, January 30th. UBS Group increased their price objective on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a neutral rating in a report on Thursday, January 18th. Finally, The Goldman Sachs Group boosted their target price on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a neutral rating in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $156.63.

Read Our Latest Report on The PNC Financial Services Group

The PNC Financial Services Group Stock Up 3.0 %

Shares of The PNC Financial Services Group stock opened at $152.30 on Wednesday. The company has a market capitalization of $60.59 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.84. The business has a 50-day moving average of $151.89 and a two-hundred day moving average of $142.10. The PNC Financial Services Group has a 1 year low of $109.40 and a 1 year high of $162.24.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The PNC Financial Services Group’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.98 EPS. As a group, equities analysts predict that The PNC Financial Services Group will post 12.62 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 52.06%.

Insider Transactions at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On The PNC Financial Services Group

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $1,039,481,000. Franklin Resources Inc. boosted its holdings in shares of The PNC Financial Services Group by 165.4% during the 4th quarter. Franklin Resources Inc. now owns 4,888,327 shares of the financial services provider’s stock worth $756,957,000 after buying an additional 3,046,226 shares during the period. Moneta Group Investment Advisors LLC grew its stake in The PNC Financial Services Group by 122,771.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,540,984 shares of the financial services provider’s stock valued at $401,323,000 after buying an additional 2,538,916 shares during the last quarter. Capital International Investors lifted its position in The PNC Financial Services Group by 14.4% during the fourth quarter. Capital International Investors now owns 15,739,631 shares of the financial services provider’s stock worth $2,437,361,000 after acquiring an additional 1,978,854 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of The PNC Financial Services Group by 28.7% during the fourth quarter. Morgan Stanley now owns 4,685,960 shares of the financial services provider’s stock worth $740,101,000 after acquiring an additional 1,045,055 shares during the period. Institutional investors own 83.53% of the company’s stock.

About The PNC Financial Services Group

(Get Free Report)

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 segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.

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

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