Shares of PNC Financial Services Group Inc (NYSE:PNC) have earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are covering the firm, Marketbeat.com reports. Seventeen research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $143.45.

Several research analysts recently commented on PNC shares. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a report on Tuesday, September 19th. Deutsche Bank restated a “hold” rating and set a $136.00 target price (up previously from $130.00) on shares of PNC Financial Services Group in a report on Tuesday, September 26th. Nomura increased their target price on shares of PNC Financial Services Group from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Instinet restated a “neutral” rating and set a $132.00 target price (up previously from $129.00) on shares of PNC Financial Services Group in a report on Saturday, September 30th. Finally, Robert W. Baird restated a “buy” rating and set a $135.00 target price on shares of PNC Financial Services Group in a report on Sunday, October 1st.

In other news, insider E William Parsley III sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $138.68, for a total transaction of $3,467,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Q. Reilly sold 19,576 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the sale, the insider now owns 103,299 shares of the company’s stock, valued at approximately $15,031,037.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,523 shares of company stock valued at $15,392,168. Corporate insiders own 0.43% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in PNC Financial Services Group by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 91 shares during the period. Atlantic Trust LLC bought a new position in PNC Financial Services Group during the second quarter worth about $129,000. Legacy Advisors LLC bought a new position in PNC Financial Services Group during the third quarter worth about $136,000. Quadrant Capital Group LLC increased its position in PNC Financial Services Group 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 acquiring an additional 4 shares during the period. Finally, Capital Guardian Trust Co. bought a new position in PNC Financial Services Group during the third quarter worth about $154,000. Institutional investors own 81.49% of the company’s stock.

PNC Financial Services Group (NYSE PNC) opened at $151.84 on Monday. PNC Financial Services Group has a 1-year low of $113.66 and a 1-year high of $153.50. The company has a market cap of $72,245.63, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.51 and a beta of 0.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 24.61% and a return on equity of 9.29%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the company posted $1.97 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. analysts forecast that PNC Financial Services Group will post 9.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio is currently 17.79%.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/15/pnc-financial-services-group-inc-pnc-receives-consensus-recommendation-of-hold-from-analysts.html.

About PNC Financial Services Group

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 (NYSE:PNC)

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