The PNC Financial Services Group (NYSE:PNC) Price Target Lowered to $235.00 at Barclays

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price target decreased by investment analysts at Barclays from $257.00 to $235.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Barclays's price target would suggest a potential upside of 57.57% from the stock's current price.

PNC has been the subject of several other reports. Hsbc Global Res upgraded shares of The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. JPMorgan Chase & Co. dropped their price objective on The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Stephens reaffirmed an "equal weight" rating and set a $200.00 price target on shares of The PNC Financial Services Group in a research report on Friday, January 17th. The Goldman Sachs Group decreased their price objective on shares of The PNC Financial Services Group from $211.00 to $188.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Truist Financial lowered their target price on The PNC Financial Services Group from $216.00 to $208.00 and set a "hold" rating for the company in a report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, The PNC Financial Services Group currently has a consensus rating of "Hold" and an average target price of $200.88.

The PNC Financial Services Group Trading Down 2.1 %

Shares of PNC traded down $3.19 on Wednesday, hitting $149.14. 641,067 shares of the stock traded hands, compared to its average volume of 1,982,931. The PNC Financial Services Group has a 1 year low of $145.12 and a 1 year high of $216.26. The firm has a market capitalization of $59.02 billion, a P/E ratio of 10.85, a P/E/G ratio of 1.55 and a beta of 1.04. The stock's 50 day moving average is $173.63 and its two-hundred day moving average is $189.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.04. The business had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.50 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. As a group, sell-side analysts predict that The PNC Financial Services Group will post 15.37 earnings per share for the current year.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $202.11, for a total value of $251,020.62. Following the transaction, the chief executive officer now directly owns 522,587 shares of the company's stock, valued at $105,620,058.57. The trade was a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 11,819 shares of company stock valued at $2,127,508. Corporate insiders own 0.41% of the company's stock.

Hedge Funds Weigh In On The PNC Financial Services Group

Large investors have recently bought and sold shares of the stock. Mechanics Financial Corp acquired a new position in The PNC Financial Services Group in the 4th quarter valued at approximately $541,000. AssuredPartners Investment Advisors LLC acquired a new stake in shares of The PNC Financial Services Group during the 4th quarter worth about $739,000. Premier Fund Managers Ltd raised its stake in shares of The PNC Financial Services Group by 38.3% in the fourth quarter. Premier Fund Managers Ltd now owns 49,430 shares of the financial services provider's stock valued at $9,511,000 after acquiring an additional 13,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in The PNC Financial Services Group by 25.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,074 shares of the financial services provider's stock worth $7,739,000 after purchasing an additional 8,081 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of The PNC Financial Services Group by 48.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 26,758 shares of the financial services provider's stock valued at $5,160,000 after buying an additional 8,735 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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 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.