Evercore ISI Boosts The PNC Financial Services Group (NYSE:PNC) Price Target to $184.00

The PNC Financial Services Group (NYSE:PNC - Free Report) had its price objective lifted by Evercore ISI from $180.00 to $184.00 in a research report report published on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the financial services provider's stock.

Other analysts have also recently issued research reports about the company. Wells Fargo & Company raised their price objective on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an overweight rating in a research report on Thursday. HSBC raised The PNC Financial Services Group from a reduce rating to a hold rating and raised their price objective for the stock from $141.00 to $155.00 in a research report on Thursday. Stephens reissued an equal weight rating and issued a $138.00 price objective on shares of The PNC Financial Services Group in a research report on Tuesday, December 5th. The Goldman Sachs Group raised their price objective on The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a neutral rating in a research report on Tuesday, December 19th. Finally, UBS Group raised their price objective on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a neutral rating in a research report on Thursday, January 18th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $152.87.

The PNC Financial Services Group Stock Up 1.0 %

NYSE PNC traded up $1.66 during midday trading on Thursday, hitting $161.63. 1,725,297 shares of the company traded hands, compared to its average volume of 2,237,252. 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 cap of $64.30 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17. The company's 50-day simple moving average is $149.96 and its 200-day simple moving average is $138.25. The PNC Financial Services Group has a 52 week low of $109.40 and a 52 week high of $162.24.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.04. The business had revenue of $5.36 billion for the quarter, compared to analysts' expectations of $5.30 billion. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The business's revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.49 EPS. As a group, equities research analysts forecast that The PNC Financial Services Group will post 12.4 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Tuesday, January 16th were paid a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, January 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.84%. The PNC Financial Services Group's payout ratio is currently 48.48%.

Insider Buying and Selling at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total value 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 document filed with the SEC, which is available through the SEC website. Company insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On The PNC Financial Services Group

Several institutional investors and hedge funds have recently modified their holdings of the business. BKM Wealth Management LLC purchased a new stake in The PNC Financial Services Group in the fourth quarter valued at approximately $26,000. Tennessee Valley Asset Management Partners purchased a new stake in The PNC Financial Services Group in the fourth quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC raised its position in The PNC Financial Services Group by 350.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 140 shares during the period. Fortitude Family Office LLC purchased a new stake in The PNC Financial Services Group in the fourth quarter valued at approximately $28,000. Finally, Fortis Group Advisors LLC raised its position in The PNC Financial Services Group by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 100 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.