The PNC Financial Services Group, Inc (NYSE:PNC) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of The PNC Financial Services Group, Inc (NYSE:PNC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nineteen brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $202.67.

A number of equities analysts have recently weighed in on PNC shares. Truist Financial lowered their target price on The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price objective on The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating on the stock in a research note on Wednesday, April 16th. Hsbc Global Res upgraded The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Wells Fargo & Company lowered their price objective on The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Royal Bank Of Canada lowered their price objective on 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.

Insiders Place Their Bets

In other The PNC Financial Services Group news, Director Martin Pfinsgraff acquired 1,000 shares of the stock in a transaction dated Friday, April 25th. The stock was purchased at an average cost of $158.22 per share, with a total value of $158,220.00. Following the transaction, the director now owns 2,009 shares in the company, valued at approximately $317,863.98. The trade was a 99.11% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William S. Demchak sold 641 shares of The PNC Financial Services Group stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $150.50, for a total value of $96,470.50. Following the completion of the transaction, the chief executive officer now directly owns 562,291 shares of the company's stock, valued at approximately $84,624,795.50. This trade represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,670 shares of company stock valued at $2,099,398. 0.41% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Swedbank AB increased its position in The PNC Financial Services Group by 1.2% in the 1st quarter. Swedbank AB now owns 212,796 shares of the financial services provider's stock valued at $37,403,000 after buying an additional 2,549 shares in the last quarter. 1248 Management LLC increased its position in The PNC Financial Services Group by 155.5% in the 1st quarter. 1248 Management LLC now owns 12,985 shares of the financial services provider's stock valued at $2,282,000 after buying an additional 7,902 shares in the last quarter. Modern Wealth Management LLC increased its position in The PNC Financial Services Group by 19.2% in the 1st quarter. Modern Wealth Management LLC now owns 4,634 shares of the financial services provider's stock valued at $815,000 after buying an additional 746 shares in the last quarter. Strs Ohio bought a new stake in The PNC Financial Services Group in the 1st quarter valued at about $24,659,000. Finally, Ellsworth Advisors LLC bought a new stake in The PNC Financial Services Group in the 1st quarter valued at about $5,388,000. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Stock Performance

Shares of NYSE PNC opened at $180.83 on Tuesday. The stock has a 50 day moving average price of $169.62 and a 200 day moving average price of $180.58. The PNC Financial Services Group has a 52 week low of $145.12 and a 52 week high of $216.26. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $71.53 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06.

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

The PNC Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group's payout ratio is presently 45.20%.

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.

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