Evercore ISI Trims The PNC Financial Services Group (NYSE:PNC) Target Price to $175.00

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price objective decreased by equities researchers at Evercore ISI from $184.00 to $175.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Evercore ISI's price objective points to a potential upside of 18.85% from the company's previous close.

PNC has been the topic of a number of other research reports. HSBC raised The PNC Financial Services Group from a "reduce" rating to a "hold" rating and increased their price target for the stock from $141.00 to $155.00 in a research report on Thursday, March 28th. Jefferies Financial Group raised their target price on The PNC Financial Services Group from $164.00 to $171.00 and gave the company a "hold" rating in a report on Monday, April 8th. UBS Group raised their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a "neutral" rating in a report on Thursday, January 18th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a report on Wednesday. Finally, Morgan Stanley raised their target price on The PNC Financial Services Group from $142.00 to $158.00 and gave the company an "underweight" rating in a report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $156.46.

The PNC Financial Services Group Price Performance

NYSE:PNC traded up $0.71 during trading hours on Wednesday, reaching $147.25. 1,896,759 shares of the company were exchanged, compared to its average volume of 2,155,812. The company has a market capitalization of $58.58 billion, a P/E ratio of 11.51, a P/E/G ratio of 1.72 and a beta of 1.18. 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 debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50 day moving average of $151.82 and a 200 day moving average of $141.64.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.09 by $0.01. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The firm's quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.98 earnings per share. Research analysts forecast that The PNC Financial Services Group will post 12.42 EPS for the current year.

Insider Buying and Selling

In related news, EVP Michael J. Hannon sold 3,000 shares of the firm's stock in a transaction on Monday, February 12th. The stock was 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PNC. Blair William & Co. IL raised its position in shares of The PNC Financial Services Group by 0.5% in the 1st quarter. Blair William & Co. IL now owns 16,997 shares of the financial services provider's stock worth $3,135,000 after acquiring an additional 89 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of The PNC Financial Services Group by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 16,141 shares of the financial services provider's stock valued at $2,977,000 after buying an additional 1,724 shares during the period. Covestor Ltd grew its stake in shares of The PNC Financial Services Group by 68.8% in the 1st quarter. Covestor Ltd now owns 336 shares of the financial services provider's stock valued at $62,000 after buying an additional 137 shares during the period. West Family Investments Inc. grew its stake in shares of The PNC Financial Services Group by 9.1% in the 1st quarter. West Family Investments Inc. now owns 1,164 shares of the financial services provider's stock valued at $215,000 after buying an additional 97 shares during the period. Finally, Ergoteles LLC grew its stake in shares of The PNC Financial Services Group by 137.9% in the 1st quarter. Ergoteles LLC now owns 21,048 shares of the financial services provider's stock valued at $3,882,000 after buying an additional 12,201 shares during the period. 83.53% of the stock is 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.