The PNC Financial Services Group (NYSE:PNC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

The PNC Financial Services Group (NYSE:PNC)‘s stock had its “underperform” rating reaffirmed by analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday, Benzinga reports. They currently have a $152.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 3.68% from the company’s previous close.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group boosted their price objective on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Morgan Stanley boosted their price objective on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 30th. Evercore ISI boosted their price objective on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Wells Fargo & Company boosted their price objective on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group boosted their price objective on shares of The PNC Financial Services Group from $164.00 to $171.00 and gave the stock a “hold” rating in a research report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $156.46.

The PNC Financial Services Group Stock Up 0.0 %

Shares of PNC stock traded up $0.06 during trading on Wednesday, reaching $146.60. The company’s stock had a trading volume of 1,086,606 shares, compared to its average volume of 2,143,937. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $58.32 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 1.72 and a beta of 1.18. The stock’s 50-day moving average price is $151.82 and its 200 day moving average price is $141.64. 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:PNC) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $3.05 by $0.05. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the business posted $3.98 EPS. The firm’s revenue was down 8.2% on a year-over-year basis. On average, research analysts anticipate that The PNC Financial Services Group will post 12.42 EPS for the current year.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the transaction, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by insiders.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of large investors have recently bought and sold shares of PNC. OFI Invest Asset Management purchased a new position in The PNC Financial Services Group during the 3rd quarter worth $25,000. BKM Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth $26,000. Tennessee Valley Asset Management Partners acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth $26,000. Fortitude Family Office LLC acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth $28,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in shares of The PNC Financial Services Group by 350.0% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 140 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Company Profile

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.