Wells Fargo & Co set a $157.00 price target on PNC Financial Services Group (NYSE:PNC) in a research note released on Tuesday. The brokerage currently has a hold rating on the financial services provider’s stock.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada lifted their price target on PNC Financial Services Group to $170.00 and gave the stock an average rating in a report on Friday, January 12th. ValuEngine downgraded PNC Financial Services Group from a buy rating to a hold rating in a report on Wednesday, January 10th. Credit Suisse Group reaffirmed a hold rating and set a $150.00 price target on shares of PNC Financial Services Group in a report on Friday, January 5th. Goldman Sachs Group downgraded PNC Financial Services Group from a conviction-buy rating to a buy rating in a report on Thursday, January 4th. Finally, Barclays lifted their price target on PNC Financial Services Group from $139.00 to $168.00 and gave the stock an equal weight rating in a report on Tuesday, January 2nd. Eighteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $144.02.

Shares of PNC Financial Services Group (PNC) traded up $1.54 during midday trading on Tuesday, reaching $155.25. The company’s stock had a trading volume of 2,735,639 shares, compared to its average volume of 2,622,931. The stock has a market cap of $73,870.00, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.93. PNC Financial Services Group has a 12 month low of $115.25 and a 12 month high of $156.15.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. PNC Financial Services Group’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.97 EPS. equities analysts anticipate that PNC Financial Services Group will post 10.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 28.76%.

In related news, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the transaction, the insider now owns 20,449 shares in the company, valued at approximately $2,801,104.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Orlando C. Esposito sold 4,505 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $138.85, for a total value of $625,519.25. The disclosure for this sale can be found here. Insiders sold a total of 103,523 shares of company stock worth $14,717,168 in the last 90 days. 0.43% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in PNC Financial Services Group by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 91 shares during the period. Atlantic Trust LLC acquired a new position in PNC Financial Services Group in the 2nd quarter valued at about $129,000. Legacy Advisors LLC acquired a new position in PNC Financial Services Group in the 3rd quarter valued at about $136,000. Quadrant Capital Group LLC increased its position in PNC Financial Services Group by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 4 shares during the period. Finally, Capital Guardian Trust Co. acquired a new position in PNC Financial Services Group in the 3rd quarter valued at about $154,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

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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.

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

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