PNC Financial Services Group Inc (NYSE:PNC) Receives Consensus Recommendation of “Hold” from Brokerages

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Shares of PNC Financial Services Group Inc (NYSE:PNC) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $143.63.

PNC has been the subject of several recent research reports. Morgan Stanley increased their price target on shares of PNC Financial Services Group from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Barclays increased their price target on shares of PNC Financial Services Group from $156.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. UBS Group set a $133.00 price target on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Zacks Investment Research raised shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Finally, ValuEngine raised shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th.

Shares of PNC opened at $135.21 on Friday. The stock has a market cap of $60.37 billion, a PE ratio of 12.62, a P/E/G ratio of 1.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.88 and a quick ratio of 0.88. PNC Financial Services Group has a 52 week low of $108.45 and a 52 week high of $147.23.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.61. PNC Financial Services Group had a net margin of 25.93% and a return on equity of 11.20%. The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the prior year, the business earned $2.43 earnings per share. Equities analysts predict that PNC Financial Services Group will post 11.33 EPS for the current year.

In other news, insider Joseph E. Rockey sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $135.00, for a total transaction of $810,000.00. Following the completion of the sale, the insider now owns 24,747 shares of the company’s stock, valued at $3,340,845. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PNC. Deprince Race & Zollo Inc. increased its holdings in shares of PNC Financial Services Group by 3.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 132,645 shares of the financial services provider’s stock worth $15,508,000 after buying an additional 4,893 shares in the last quarter. Buckingham Capital Management Inc. increased its holdings in shares of PNC Financial Services Group by 15.1% during the fourth quarter. Buckingham Capital Management Inc. now owns 2,131 shares of the financial services provider’s stock worth $249,000 after buying an additional 279 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of PNC Financial Services Group by 1.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 28,725 shares of the financial services provider’s stock worth $3,358,000 after buying an additional 357 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of PNC Financial Services Group by 11,450.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,000,055 shares of the financial services provider’s stock worth $51,000 after buying an additional 5,948,109 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of PNC Financial Services Group by 62.3% during the fourth quarter. Cerity Partners LLC now owns 3,591 shares of the financial services provider’s stock worth $420,000 after buying an additional 1,379 shares in the last quarter. 80.36% of the stock is owned by institutional investors.

About PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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