Jefferies Financial Group Lowers The PNC Financial Services Group (NYSE:PNC) Price Target to $162.00

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price objective decreased by equities researchers at Jefferies Financial Group from $171.00 to $162.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a "hold" rating on the financial services provider's stock. Jefferies Financial Group's target price would suggest a potential upside of 9.59% from the stock's previous close.

A number of other equities research analysts also recently weighed in on the company. UBS Group raised their price target on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a "neutral" rating in a research note on Thursday, January 18th. Wells Fargo & Company raised their price target on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Evercore ISI decreased their price objective on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an "outperform" rating for the company in a report on Wednesday. HSBC upgraded 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 report on Thursday, March 28th. Finally, Keefe, Bruyette & Woods reissued an "underperform" rating and set a $152.00 price objective on shares of The PNC Financial Services Group in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $156.63.

The PNC Financial Services Group Stock Up 0.4 %

NYSE:PNC traded up $0.57 on Wednesday, hitting $147.82. 1,352,894 shares of the company's stock traded hands, compared to its average volume of 2,145,106. The company has a market cap of $58.80 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 1.69 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 current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $151.80 and a 200-day moving average price of $141.72.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $3.09 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The firm's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period last year, the company posted $3.98 earnings per share. Equities analysts anticipate that The PNC Financial Services Group will post 12.42 EPS for the current fiscal year.

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 shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the sale, the executive vice president now directly 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 this hyperlink. Insiders own 0.42% of the company's stock.

Institutional Trading of The PNC Financial Services Group

Institutional investors have recently made changes to their positions in the business. BKM Wealth Management LLC acquired a new stake in shares of The PNC Financial Services Group during the 4th quarter valued at about $26,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of The PNC Financial Services Group during the 4th quarter valued at about $26,000. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of The PNC Financial Services Group by 350.0% during 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 acquiring an additional 140 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of The PNC Financial Services Group during the 4th quarter valued at about $28,000. Finally, Fortis Group Advisors LLC boosted its position in shares of The PNC Financial Services Group by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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.