PNC Financial Services Group, Inc. (The) (NYSE: PNC) recently received a number of ratings updates from brokerages and research firms:

  • 10/16/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 10/16/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at Royal Bank Of Canada from $130.00 to $145.00. They now have a “top pick” rating on the stock.
  • 10/16/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at Piper Jaffray Companies from $134.00 to $147.00. They now have an “overweight” rating on the stock.
  • 10/16/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at Credit Suisse Group from $135.00 to $137.00. They now have a “neutral” rating on the stock.
  • 10/16/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at Barclays PLC from $132.00 to $139.00. They now have an “equal weight” rating on the stock.
  • 10/16/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at UBS AG from $133.00 to $135.00. They now have a “neutral” rating on the stock.
  • 10/10/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $152.00 price target on the stock. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 10/9/2017 – PNC Financial Services Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $144.00 price target on the stock, up previously from $125.00.
  • 10/6/2017 – PNC Financial Services Group, Inc. (The) had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $139.50 price target on the stock, up previously from $138.50.
  • 10/5/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Stephens from an “overweight” rating to an “equal weight” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/4/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $134.00 price target on the stock.
  • 10/4/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Credit Suisse Group. They now have a $135.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/3/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 10/3/2017 – PNC Financial Services Group, Inc. (The) had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $134.00 price target on the stock.
  • 10/1/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $135.00 price target on the stock.
  • 9/30/2017 – PNC Financial Services Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $132.00 price target on the stock, up previously from $129.00.
  • 9/28/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at Nomura from $129.00 to $132.00. They now have a “neutral” rating on the stock.
  • 9/26/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $136.00 price target on the stock, up previously from $130.00.
  • 9/19/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $144.00 price target on the stock. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 9/12/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 9/5/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $140.00 price target on the stock. According to Zacks, “Shares of PNC Financial have outperformed the industry, so far, this year. The performance was supported by the company’s impressive earnings surprise history. It hasn’t missed the Zacks Consensus Estimate for earnings in any of the trailing four quarters. The company benefits from robust organic growth and strong balance sheet position. Further, we remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Its deal to acquire the commercial and vendor finance business of ECN Capital is anticipated to be marginally accretive to earnings in 2017. However, the company’s capital deployment activities do not seem sustainable. Also, a stretched valuation reflects limited upside potential.”
  • 8/28/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $135.00 price target on the stock.
  • 8/27/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $134.00 price target on the stock.

Shares of PNC Financial Services Group, Inc. (PNC) traded down 0.57% during mid-day trading on Tuesday, hitting $134.26. The stock had a trading volume of 2,055,742 shares. The company has a market cap of $64.34 billion, a P/E ratio of 17.09 and a beta of 0.95. PNC Financial Services Group, Inc. has a 1-year low of $87.97 and a 1-year high of $137.41. The firm’s 50 day moving average price is $130.50 and its 200 day moving average price is $125.20.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.03. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.09 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.84 EPS. Analysts predict that PNC Financial Services Group, Inc. will post $8.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th will be paid a $0.75 dividend. The ex-dividend date is Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.23%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is presently 36.63%.

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

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.

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 Analyst Ratings Network's FREE daily email newsletter.