PNC Financial Services Group (NYSE:PNC) had its target price lifted by equities researchers at Argus to $170.00 in a report issued on Tuesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Argus’ price target would indicate a potential upside of 11.65% from the company’s previous close.

Several other research firms have also recently weighed in on PNC. Oppenheimer reiterated a “hold” rating on shares of PNC Financial Services Group in a report on Tuesday. Royal Bank of Canada lifted their price target on shares of PNC Financial Services Group to $170.00 and gave the company an “average” rating in a report on Friday. Wells Fargo & Co set a $157.00 price target on shares of PNC Financial Services Group and gave the company a “hold” rating in a report on Tuesday. ValuEngine cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $162.00 price target on shares of PNC Financial Services Group in a report on Friday, December 22nd. Eighteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $144.02.

PNC Financial Services Group (PNC) traded up $0.42 during trading hours on Tuesday, reaching $152.26. 2,682,314 shares of the company traded hands, compared to its average volume of 2,030,000. The company has a market capitalization of $72,450.00, a PE ratio of 14.60, a P/E/G ratio of 1.51 and a beta of 0.90. PNC Financial Services Group has a twelve month low of $113.66 and a twelve month high of $154.90. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. The business had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.97 earnings per share. analysts predict that PNC Financial Services Group will post 9.89 earnings per share for the current fiscal year.

In other PNC Financial Services Group news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen L. Larrimer sold 3,135 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $136.98, for a total value of $429,432.30. Following the transaction, the insider now directly owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. Insiders have sold 108,523 shares of company stock valued at $15,392,168 in the last three months. Insiders own 0.43% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can raised its position in shares of PNC Financial Services Group by 8.1% in the 4th quarter. Bank of Montreal Can now owns 1,681,159 shares of the financial services provider’s stock worth $242,575,000 after purchasing an additional 126,061 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its position in shares of PNC Financial Services Group by 6.0% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 20,362 shares of the financial services provider’s stock worth $2,938,000 after purchasing an additional 1,150 shares during the last quarter. BLB&B Advisors LLC raised its position in shares of PNC Financial Services Group by 2.0% in the 4th quarter. BLB&B Advisors LLC now owns 60,670 shares of the financial services provider’s stock worth $8,754,000 after purchasing an additional 1,174 shares during the last quarter. Pennsylvania Trust Co raised its position in shares of PNC Financial Services Group by 1.8% in the 4th quarter. Pennsylvania Trust Co now owns 49,422 shares of the financial services provider’s stock worth $7,134,000 after purchasing an additional 865 shares during the last quarter. Finally, Atria Investments LLC raised its position in shares of PNC Financial Services Group by 59.1% in the 4th quarter. Atria Investments LLC now owns 5,975 shares of the financial services provider’s stock worth $862,000 after purchasing an additional 2,219 shares during the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

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PNC Financial Services Group 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 (NYSE:PNC)

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