Brokerages Set The PNC Financial Services Group, Inc. (NYSE:PNC) Price Target at $200.88

Shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eighteen brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $200.88.

A number of research firms recently commented on PNC. HSBC upgraded shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and lowered their target price for the stock from $206.00 to $202.00 in a research note on Monday, March 31st. JPMorgan Chase & Co. cut their target price on The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Hsbc Global Res raised The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Stephens restated an "equal weight" rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a research note on Friday, January 17th. Finally, Barclays dropped their target price on The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th.

The PNC Financial Services Group Stock Down 0.0 %

PNC traded down $0.06 during trading on Monday, hitting $166.67. The stock had a trading volume of 409,224 shares, compared to its average volume of 2,472,066. The stock has a 50 day simple moving average of $165.02 and a two-hundred day simple moving average of $186.72. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The PNC Financial Services Group has a twelve month low of $145.12 and a twelve month high of $216.26. The company has a market capitalization of $65.93 billion, a PE ratio of 12.12, a PEG ratio of 1.55 and a beta of 1.06.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.04. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.50 billion. On average, research analysts predict that The PNC Financial Services Group will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th were paid a dividend of $1.60 per share. The ex-dividend date was Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.84%. The PNC Financial Services Group's dividend payout ratio is currently 45.20%.

Insider Buying and Selling

In related news, Director Martin Pfinsgraff bought 1,000 shares of the stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $158.22 per share, for a total transaction of $158,220.00. Following the acquisition, the director now directly owns 2,009 shares in the company, valued at approximately $317,863.98. This trade represents a 99.11 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $190.18, for a total value of $236,203.56. Following the completion of the sale, the chief executive officer now directly owns 569,783 shares of the company's stock, valued at approximately $108,361,330.94. This represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,662 shares of company stock worth $2,322,006. Insiders own 0.41% of the company's stock.

Institutional Trading of The PNC Financial Services Group

Several large investors have recently added to or reduced their stakes in PNC. Mechanics Financial Corp acquired a new stake in The PNC Financial Services Group during the fourth quarter worth about $541,000. AssuredPartners Investment Advisors LLC acquired a new position in The PNC Financial Services Group in the fourth quarter valued at approximately $739,000. Premier Fund Managers Ltd grew its position in The PNC Financial Services Group by 38.3% in the fourth quarter. Premier Fund Managers Ltd now owns 49,430 shares of the financial services provider's stock worth $9,511,000 after acquiring an additional 13,700 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in The PNC Financial Services Group by 25.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,074 shares of the financial services provider's stock valued at $7,739,000 after purchasing an additional 8,081 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of The PNC Financial Services Group by 48.5% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 26,758 shares of the financial services provider's stock valued at $5,160,000 after purchasing an additional 8,735 shares during the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

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.