ValuEngine cut shares of PNC Financial Services Group (NYSE:PNC) from a buy rating to a hold rating in a report released on Wednesday morning.

Several other equities analysts also recently commented on PNC. Nomura upped their price objective on shares of PNC Financial Services Group from $129.00 to $132.00 and gave the company a neutral rating in a report on Thursday, September 28th. Robert W. Baird reiterated a buy rating and issued a $135.00 price objective on shares of PNC Financial Services Group in a report on Sunday, October 1st. Piper Jaffray Companies upped their price objective on shares of PNC Financial Services Group from $134.00 to $147.00 and gave the company an overweight rating in a report on Monday, October 16th. Royal Bank of Canada reiterated a buy rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Finally, JPMorgan Chase & Co. restated an overweight rating and issued a $139.50 price target (up from $138.50) on shares of PNC Financial Services Group in a research note on Friday, October 6th. Seventeen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. PNC Financial Services Group presently has an average rating of Hold and a consensus price target of $142.33.

PNC Financial Services Group (NYSE PNC) traded up $0.35 during trading hours on Wednesday, hitting $151.84. 3,275,203 shares of the company’s stock traded hands, compared to its average volume of 1,804,709. PNC Financial Services Group has a 12-month low of $113.66 and a 12-month high of $153.50. The firm has a market capitalization of $72,245.63, a P/E ratio of 14.60, a P/E/G ratio of 1.51 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, beating 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 firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the company earned $1.97 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. equities research analysts expect that PNC Financial Services Group will post 9.89 earnings per share for the current year.

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

In other news, insider E William Parsley III sold 46,307 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $143.43, for a total value of $6,641,813.01. Following the completion of the transaction, the insider now owns 132,544 shares of the company’s stock, valued at $19,010,785.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of 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 ninety days. 0.43% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of PNC Financial Services Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock worth $4,065,151,000 after acquiring an additional 589,235 shares during the last quarter. BlackRock Inc. raised its holdings in PNC Financial Services Group by 1.3% in the 2nd quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock valued at $3,430,820,000 after buying an additional 341,222 shares during the last quarter. FMR LLC raised its holdings in PNC Financial Services Group by 13.9% in the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after buying an additional 1,915,923 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in PNC Financial Services Group by 7.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after buying an additional 875,164 shares during the last quarter. Finally, Capital World Investors raised its holdings in PNC Financial Services Group by 6.9% in the 2nd quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock valued at $1,262,761,000 after buying an additional 654,997 shares during the last quarter. 81.49% of the stock is owned by hedge funds and other institutional investors.

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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.

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Analyst Recommendations for PNC Financial Services Group (NYSE:PNC)

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