PNC Financial Services Group, Inc. (The) (NYSE:PNC) – Equities researchers at Jefferies Group upped their FY2018 EPS estimates for PNC Financial Services Group, Inc. (The) in a research note issued to investors on Wednesday. Jefferies Group analyst K. Usdin now forecasts that the financial services provider will earn $9.15 per share for the year, up from their prior estimate of $9.00. Jefferies Group currently has a “Hold” rating and a $136.00 target price on the stock.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last posted its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. PNC Financial Services Group, Inc. (The) had a net margin of 24.31% and a return on equity of 9.05%. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the company posted $1.68 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year.

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Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Tuesday. Instinet reduced their price target on shares of PNC Financial Services Group, Inc. (The) from $127.00 to $126.00 and set a “neutral” rating for the company in a research report on Friday, June 30th. BidaskClub raised shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $130.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research report on Thursday, June 15th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $134.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $116.74.

PNC Financial Services Group, Inc. (PNC) traded up 0.171% during mid-day trading on Friday, reaching $126.225. 663,770 shares of the company were exchanged. The company has a market capitalization of $61.08 billion, a PE ratio of 16.646 and a beta of 0.93. The stock has a 50-day moving average price of $121.09 and a 200 day moving average price of $120.99. PNC Financial Services Group, Inc. has a one year low of $77.86 and a one year high of $131.83.

A number of hedge funds and other institutional investors have recently bought and sold shares of PNC. First Interstate Bank increased its position in PNC Financial Services Group, Inc. (The) by 34.0% in the first quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock valued at $115,000 after buying an additional 243 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in PNC Financial Services Group, Inc. (The) during the fourth quarter valued at $117,000. Ledyard National Bank increased its position in PNC Financial Services Group, Inc. (The) by 532.1% in the first quarter. Ledyard National Bank now owns 1,182 shares of the financial services provider’s stock valued at $142,000 after buying an additional 995 shares during the last quarter. Pinnacle Bank acquired a new position in PNC Financial Services Group, Inc. (The) during the first quarter valued at $157,000. Finally, Quadrant Capital Group LLC increased its position in PNC Financial Services Group, Inc. (The) by 2.8% in the first quarter. Quadrant Capital Group LLC now owns 1,413 shares of the financial services provider’s stock valued at $162,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 5th. Shareholders of record on Monday, July 17th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.38%. This is an increase from PNC Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, July 13th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is presently 28.99%.

About PNC Financial Services Group, Inc. (The)

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Earnings History and Estimates for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

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