PNC Financial Services Group, Inc. (The) (NYSE:PNC) was downgraded by investment analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Thursday, Marketbeat.com reports. The analysts noted that the move was a valuation call.

Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, July 4th. BMO Capital Markets reiterated a “buy” rating and set a $134.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research report on Friday, June 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $130.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research report on Thursday, June 15th. Finally, Rafferty Capital Markets upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $127.17.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) traded up 0.95% during mid-day trading on Thursday, reaching $135.54. 1,359,013 shares of the company’s stock traded hands. PNC Financial Services Group, Inc. has a 12 month low of $87.34 and a 12 month high of $136.13. The stock has a market cap of $64.95 billion, a PE ratio of 17.25 and a beta of 0.95. The firm has a 50 day moving average price of $128.85 and a 200-day moving average price of $124.36.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its earnings results on Friday, July 14th. The financial services provider reported $2.10 EPS for the quarter, beating the consensus estimate of $2.02 by $0.08. The company had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.97 billion. PNC Financial Services Group, Inc. (The) had a net margin of 24.50% and a return on equity of 9.17%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 EPS. On average, analysts predict that PNC Financial Services Group, Inc. will post $8.41 earnings per share for the current fiscal year.

PNC Financial Services Group, Inc. (The) announced that its board has approved a share buyback plan on Wednesday, June 28th that permits the company to repurchase $2.70 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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In other news, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $128.31, for a total value of $641,550.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Michael J. Hannon sold 24,111 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $126.45, for a total transaction of $3,048,835.95. Following the completion of the sale, the insider now directly owns 83,931 shares in the company, valued at $10,613,074.95. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Fulton Bank N.A. boosted its stake in shares of PNC Financial Services Group, Inc. (The) by 19.8% in the 3rd quarter. Fulton Bank N.A. now owns 6,807 shares of the financial services provider’s stock valued at $918,000 after purchasing an additional 1,125 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in shares of PNC Financial Services Group, Inc. (The) in the 3rd quarter valued at $516,000. Bridges Investment Management Inc. boosted its stake in shares of PNC Financial Services Group, Inc. (The) by 32.0% in the 3rd quarter. Bridges Investment Management Inc. now owns 2,267 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 550 shares during the last quarter. Intl Fcstone Inc. bought a new stake in shares of PNC Financial Services Group, Inc. (The) in the 2nd quarter valued at $678,000. Finally, Griffin Asset Management Inc. bought a new stake in shares of PNC Financial Services Group, Inc. (The) in the 2nd quarter valued at $3,152,000. 80.80% of the stock is currently owned by institutional investors.

PNC Financial Services Group, Inc. (The) Company Profile

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.

Analyst Recommendations for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

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