The PNC Financial Services Group (NYSE:PNC) Shares Up 0.7%

The PNC Financial Services Group, Inc. (NYSE:PNC - Get Free Report)'s stock price was up 0.7% on Tuesday . The stock traded as high as $157.21 and last traded at $157.01. Approximately 288,936 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 2,124,715 shares. The stock had previously closed at $155.93.

Wall Street Analyst Weigh In

Several research analysts have commented on PNC shares. UBS Group boosted their target price 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. Evercore ISI dropped 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 research note on Wednesday, April 17th. StockNews.com upgraded The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Thursday, April 18th. Jefferies Financial Group reduced their price objective on The PNC Financial Services Group from $171.00 to $162.00 and set a "hold" rating on the stock in a research report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $152.00 price objective on shares of The PNC Financial Services Group in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $156.63.

The PNC Financial Services Group Trading Up 1.1 %

The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $62.70 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The firm's fifty day moving average is $152.28 and its 200-day moving average is $142.77.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.09 by $0.01. The firm had revenue of $5.15 billion for the quarter, compared to analysts' expectations 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 company's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.98 EPS. Equities analysts anticipate that The PNC Financial Services Group, Inc. will post 12.62 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be issued a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group's dividend payout ratio is currently 52.06%.

Insider Transactions at The PNC Financial Services Group

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 value of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company's stock, valued at $5,442,347.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PNC. Rockline Wealth Management LLC purchased a new stake in The PNC Financial Services Group during the fourth quarter worth about $1,825,000. KPP Advisory Services LLC purchased a new position in The PNC Financial Services Group in the third quarter valued at approximately $323,000. AQR Capital Management LLC raised its stake in The PNC Financial Services Group by 144.2% in the 3rd quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider's stock valued at $14,032,000 after acquiring an additional 67,490 shares during the period. Trust Point Inc. bought a new stake in The PNC Financial Services Group during the 4th quarter valued at $459,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of The PNC Financial Services Group during the fourth quarter valued at about $295,000. 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.