PNC Financial Services Group, Inc. (The) (NYSE:PNC) had its target price boosted by Nomura from $132.00 to $135.00 in a research note issued to investors on Monday. The firm presently has a “neutral” rating on the financial services provider’s stock. Nomura’s price objective would suggest a potential downside of 1.29% from the stock’s previous close.

A number of other equities analysts also recently issued reports on PNC. Piper Jaffray Companies increased their price objective on shares of PNC Financial Services Group, Inc. (The) from $134.00 to $147.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Royal Bank Of Canada reiterated a “buy” rating on shares of PNC Financial Services Group, Inc. (The) in a research note on Monday, October 16th. Barclays PLC increased their price objective on shares of PNC Financial Services Group, Inc. (The) from $132.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, October 16th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $129.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research note on Friday, July 14th. Finally, UBS AG increased their price objective on shares of PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $133.85.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) traded down 0.13% on Monday, hitting $136.77. The stock had a trading volume of 1,300,985 shares. The stock has a market cap of $65.10 billion, a PE ratio of 16.72 and a beta of 0.95. The company has a 50 day moving average price of $131.66 and a 200-day moving average price of $125.66. PNC Financial Services Group, Inc. has a 12 month low of $92.37 and a 12 month high of $137.71.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the firm earned $1.84 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that PNC Financial Services Group, Inc. will post $8.43 earnings per share for the current year.

PNC Financial Services Group, Inc. (The) declared that its board has initiated a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $2.70 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

COPYRIGHT VIOLATION WARNING: This story was first reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2017/10/23/pnc-financial-services-group-inc-the-pnc-stock-rating-reaffirmed-by-nomura.html.

In related news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.3% during the second quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 4 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.4% during the first quarter. Guardian Life Insurance Co. of America now owns 1,876 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 8 shares during the last quarter. Hudock Capital Group LLC raised its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.4% during the second quarter. Hudock Capital Group LLC now owns 2,692 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 11 shares during the last quarter. Telemus Capital LLC raised its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.3% during the second quarter. Telemus Capital LLC now owns 4,981 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 16 shares during the last quarter. Finally, Green Square Capital LLC raised its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.4% during the first quarter. Green Square Capital LLC now owns 4,129 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 18 shares during the last quarter. 80.79% of the stock is owned by hedge funds and other 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)

Receive News & Ratings for PNC Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.