The PNC Financial Services Group (NYSE:PNC) Price Target Increased to $171.00 by Analysts at Jefferies Financial Group

The PNC Financial Services Group (NYSE:PNC - Free Report) had its price target lifted by Jefferies Financial Group from $164.00 to $171.00 in a research note released on Monday, Benzinga reports. Jefferies Financial Group currently has a hold rating on the financial services provider's stock.

A number of other equities analysts have also recently issued reports on PNC. UBS Group lifted their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a neutral rating in a report on Thursday, January 18th. Wells Fargo & Company raised their target price 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, March 28th. Odeon Capital Group raised The PNC Financial Services Group from a hold rating to a buy rating and set a $153.38 target price for the company in a research report on Thursday, December 14th. Evercore ISI raised their target price on 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. Finally, HSBC raised The PNC Financial Services Group from a reduce rating to a hold rating and raised their target price for the stock from $141.00 to $155.00 in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, The PNC Financial Services Group has a consensus rating of Hold and an average target price of $157.37.

The PNC Financial Services Group Price Performance

Shares of PNC stock traded up $3.59 during mid-day trading on Monday, hitting $160.96. 1,950,018 shares of the stock traded hands, compared to its average volume of 2,181,190. The PNC Financial Services Group has a twelve month low of $109.40 and a twelve month high of $162.24. The firm has a market cap of $64.03 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18. The company's 50-day simple moving average is $151.21 and its 200-day simple moving average is $140.06. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.49 EPS. As a group, equities research analysts expect that The PNC Financial Services Group will post 12.46 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be given a $1.55 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.85%. The PNC Financial Services Group's dividend payout ratio is currently 48.48%.

Insider Transactions at The PNC Financial Services Group

In other 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 transaction, the executive vice president now directly owns 36,570 shares in the company, valued at $5,442,347.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The PNC Financial Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in The PNC Financial Services Group during the third quarter valued at about $25,000. BKM Wealth Management LLC bought a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at approximately $26,000. Tennessee Valley Asset Management Partners bought a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at approximately $28,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in shares of The PNC Financial Services Group by 350.0% in the 4th 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. 83.53% of the stock is currently owned by institutional investors.

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.