The PNC Financial Services Group (NYSE:PNC) PT Raised to $152.00

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price target raised by equities research analysts at Keefe, Bruyette & Woods from $145.00 to $152.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an "underperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price indicates a potential downside of 3.42% from the stock's previous close.

PNC has been the topic of several other research reports. Piper Sandler increased their price target on shares of The PNC Financial Services Group from $125.00 to $143.00 and gave the stock a "neutral" rating in a research note on Friday, December 8th. Evercore ISI increased their price target on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Wells Fargo & Company increased their price target on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. HSBC upgraded shares of The PNC Financial Services Group from a "reduce" rating to a "hold" rating and raised their target price for the company from $141.00 to $155.00 in a research note on Thursday, March 28th. Finally, UBS Group raised their target price on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the company a "neutral" rating in a research note on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $154.62.

The PNC Financial Services Group Stock Up 0.3 %

PNC stock traded up $0.50 during midday trading on Friday, reaching $157.38. The company had a trading volume of 1,873,983 shares, compared to its average volume of 2,184,692. The PNC Financial Services Group has a 1 year low of $109.40 and a 1 year high of $162.24. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $62.61 billion, a P/E ratio of 12.28, a PEG ratio of 1.81 and a beta of 1.18. The company has a 50 day moving average of $151.09 and a two-hundred day moving average of $139.62.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $3.16 EPS for the quarter, topping the consensus estimate of $2.12 by $1.04. 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 $5.36 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business posted $3.49 EPS. The PNC Financial Services Group's quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts expect that The PNC Financial Services Group will post 12.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 transaction of $446,460.00. Following the completion of the transaction, the executive vice president now directly owns 36,570 shares of the company's stock, valued at approximately $5,442,347.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.42% of the company's stock.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PNC. Norges Bank bought a new position in shares of The PNC Financial Services Group during the 4th quarter worth about $1,039,481,000. Franklin Resources Inc. lifted its holdings in 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 valued at $756,957,000 after purchasing an additional 3,046,226 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in The PNC Financial Services Group by 122,771.6% during 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 purchasing an additional 2,538,916 shares during the last quarter. Capital International Investors lifted its holdings in The PNC Financial Services Group by 14.4% during the 4th quarter. Capital International Investors now owns 15,739,631 shares of the financial services provider's stock valued at $2,437,361,000 after purchasing an additional 1,978,854 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in The PNC Financial Services Group by 28.7% during the 4th quarter. Morgan Stanley now owns 4,685,960 shares of the financial services provider's stock valued at $740,101,000 after purchasing an additional 1,045,055 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

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.