Brokerages Set The PNC Financial Services Group, Inc (NYSE:PNC) Price Target at $202.67

The PNC Financial Services Group, Inc (NYSE:PNC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $202.67.

A number of research analysts have weighed in on PNC shares. Royal Bank Of Canada cut their price target on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group lowered their target price on The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. HSBC upgraded The PNC Financial Services Group from a "hold" rating to a "buy" rating and cut their price target for the company from $206.00 to $202.00 in a report on Monday, March 31st. JPMorgan Chase & Co. decreased their price objective on The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Finally, Barclays cut 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 note on Wednesday, April 16th.

Insiders Place Their Bets

In other news, EVP Kieran John Fallon sold 1,492 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $174.56, for a total transaction of $260,443.52. Following the completion of the sale, the executive vice president now owns 20,490 shares in the company, valued at $3,576,734.40. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William S. Demchak sold 641 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $155.27, for a total value of $99,528.07. Following the transaction, the chief executive officer now owns 564,174 shares in the company, valued at approximately $87,599,296.98. This trade represents a 0.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,428 shares of company stock valued at $1,882,322 over the last 90 days. 0.41% of the stock is currently owned by insiders.

Institutional Trading of The PNC Financial Services Group

Several institutional investors have recently added to or reduced their stakes in the company. Saudi Central Bank bought a new stake in shares of The PNC Financial Services Group in the first quarter valued at about $27,000. Rialto Wealth Management LLC acquired a new stake in The PNC Financial Services Group in the 4th quarter worth about $32,000. Whipplewood Advisors LLC bought a new stake in The PNC Financial Services Group in the 4th quarter valued at about $33,000. Cornerstone Planning Group LLC grew its position in shares of The PNC Financial Services Group by 50.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after purchasing an additional 65 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of The PNC Financial Services Group during the first quarter worth approximately $35,000. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Trading Up 0.2%

NYSE PNC traded up $0.41 during trading on Tuesday, reaching $185.92. 2,668,690 shares of the stock traded hands, compared to its average volume of 2,088,589. The PNC Financial Services Group has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.08. The firm has a market cap of $73.55 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06. The stock's 50-day moving average price is $171.46 and its 200 day moving average price is $180.48.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.04. The PNC Financial Services Group had a net margin of 17.68% and a return on equity of 10.95%. The company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.50 billion. Analysts predict that The PNC Financial Services Group will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group's payout ratio is currently 45.20%.

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.