PNC Financial Services Group, Inc. (The) (NYSE:PNC)‘s stock had its “overweight” rating reaffirmed by equities research analysts at J P Morgan Chase & Co in a research report issued on Friday. They currently have a $139.50 target price on the financial services provider’s stock, up from their prior target price of $138.50. J P Morgan Chase & Co’s target price suggests a potential upside of 2.81% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Robert W. Baird reiterated a “buy” rating and set a $135.00 target price on shares of PNC Financial Services Group, Inc. (The) in a research note on Monday, August 28th. 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 target price for the company in a research note on Tuesday, September 5th. Piper Jaffray Companies reiterated a “buy” rating and set a $134.00 target price on shares of PNC Financial Services Group, Inc. (The) in a research note on Sunday, August 27th. BidaskClub lowered shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $127.00 target price (up previously from $121.00) on shares of PNC Financial Services Group, Inc. (The) in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $127.75.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) traded up 0.11% during mid-day trading on Friday, reaching $135.69. 1,464,179 shares of the company were exchanged. PNC Financial Services Group, Inc. has a 12 month low of $87.34 and a 12 month high of $136.92. The company’s 50-day moving average is $129.00 and its 200 day moving average is $124.44. The firm has a market capitalization of $65.02 billion, a price-to-earnings ratio of 17.27 and a beta of 0.95.

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

PNC Financial Services Group, Inc. (The) announced that its Board of Directors has authorized a share buyback plan on Wednesday, June 28th that allows the company to repurchase $2.70 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

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In other PNC Financial Services Group, Inc. (The) news, insider Michael J. Hannon sold 24,111 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $126.45, for a total value of $3,048,835.95. Following the completion of the sale, the insider now directly owns 83,931 shares of the company’s stock, valued at approximately $10,613,074.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $128.31, for a total transaction of $641,550.00. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Lenox Wealth Advisors acquired a new stake in PNC Financial Services Group, Inc. (The) in the 4th quarter valued at about $67,000. Proficio Capital Partners LLC lifted its holdings in PNC Financial Services Group, Inc. (The) by 1,365.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 710 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in PNC Financial Services Group, Inc. (The) by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 91 shares during the last quarter. BKS Advisors LLC acquired a new stake in PNC Financial Services Group, Inc. (The) in the 3rd quarter valued at about $113,000. Finally, Iowa State Bank acquired a new stake in PNC Financial Services Group, Inc. (The) in the 2nd quarter valued at about $114,000. 80.80% of the stock is owned by institutional investors.

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.

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

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