The PNC Financial Services Group (NYSE:PNC) Downgraded by StockNews.com

The PNC Financial Services Group (NYSE:PNC) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

PNC has been the subject of a number of other reports. Jefferies Financial Group reduced their target price on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Keefe, Bruyette & Woods restated an “underperform” rating and set a $152.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, April 17th. UBS Group raised their target price on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Morgan Stanley upped their price target on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company upped their price target on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $156.63.

The PNC Financial Services Group Trading Down 1.1 %

The PNC Financial Services Group stock opened at $156.30 on Friday. The firm has a 50 day simple moving average of $152.61 and a 200-day simple moving average of $142.97. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $62.18 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.78 and a beta of 1.18. The PNC Financial Services Group has a 12-month low of $109.40 and a 12-month high of $162.24.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The business’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm posted $3.98 earnings per share. As a group, equities research analysts expect that The PNC Financial Services Group will post 12.62 EPS for the current fiscal year.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Equitable Trust Co. bought a new position in shares of The PNC Financial Services Group during the 1st quarter valued at $234,000. L.M. Kohn & Company raised its holdings in shares of The PNC Financial Services Group by 6.1% during the 1st quarter. L.M. Kohn & Company now owns 4,819 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 275 shares in the last quarter. Telos Capital Management Inc. raised its holdings in shares of The PNC Financial Services Group by 0.3% during the 1st quarter. Telos Capital Management Inc. now owns 36,201 shares of the financial services provider’s stock valued at $5,850,000 after purchasing an additional 104 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of The PNC Financial Services Group by 4.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 65,472 shares of the financial services provider’s stock valued at $10,580,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of The PNC Financial Services Group by 24.0% during the 1st quarter. Private Trust Co. NA now owns 9,424 shares of the financial services provider’s stock valued at $1,523,000 after purchasing an additional 1,827 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.