The PNC Financial Services Group (NYSE:PNC) Trading 2.6% Higher

The PNC Financial Services Group, Inc. (NYSE:PNC - Get Free Report)'s stock price traded up 2.6% on Friday . The company traded as high as $152.09 and last traded at $151.74. 700,535 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 2,123,645 shares. The stock had previously closed at $147.89.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI cut their price target on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an "outperform" rating on the stock in a report on Wednesday. UBS Group boosted their price objective on 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. HSBC upgraded The PNC Financial Services Group from a "reduce" rating to a "hold" rating and boosted their price objective for the company from $141.00 to $155.00 in a research note on Thursday, March 28th. Bank of America boosted their price objective on The PNC Financial Services Group from $165.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods restated an "underperform" rating and issued a $152.00 price objective on shares of The PNC Financial Services Group in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, The PNC Financial Services Group has an average rating of "Hold" and an average price target of $156.63.

The PNC Financial Services Group Stock Performance

The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The company's 50-day moving average is $151.80 and its two-hundred day moving average is $141.72. The company has a market capitalization of $60.59 billion, a P/E ratio of 12.76, a PEG ratio of 1.69 and a beta of 1.18.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (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 analyst estimates of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The PNC Financial Services Group's revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.98 earnings per share. Equities analysts anticipate that The PNC Financial Services Group, Inc. will post 12.47 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 4.07%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group's dividend payout ratio is currently 52.06%.

Insider Activity

In other news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 36,570 shares of the company's stock, valued at $5,442,347.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 fourth quarter valued at approximately $1,039,481,000. Franklin Resources Inc. raised its holdings in The PNC Financial Services Group by 165.4% in the fourth quarter. Franklin Resources Inc. now owns 4,888,327 shares of the financial services provider's stock worth $756,957,000 after purchasing an additional 3,046,226 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of The PNC Financial Services Group by 122,771.6% during the fourth 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 acquiring an additional 2,538,916 shares in the last quarter. Capital International Investors increased its holdings in shares of The PNC Financial Services Group by 14.4% during the fourth quarter. Capital International Investors now owns 15,739,631 shares of the financial services provider's stock valued at $2,437,361,000 after acquiring an additional 1,978,854 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of The PNC Financial Services Group by 28.7% during the fourth quarter. Morgan Stanley now owns 4,685,960 shares of the financial services provider's stock valued at $740,101,000 after acquiring an additional 1,045,055 shares in the last quarter. 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.