PNC Financial Services Group (NYSE:PNC) had its price target raised by investment analysts at Morgan Stanley from $165.00 to $168.00 in a note issued to investors on Friday. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 6.35% from the stock’s current price.

Other equities analysts have also issued reports about the company. Royal Bank of Canada raised their price target on PNC Financial Services Group to $170.00 and gave the stock an “average” rating in a research report on Friday, January 12th. Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Tuesday, October 10th. Piper Jaffray Companies restated a “buy” rating and set a $151.00 price target on shares of PNC Financial Services Group in a research report on Monday, December 4th. Goldman Sachs Group lowered PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Argus lifted their price objective on PNC Financial Services Group to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Eighteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $145.98.

PNC Financial Services Group (PNC) opened at $157.97 on Friday. 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 has a 1 year low of $115.25 and a 1 year high of $160.07. The stock has a market capitalization of $75,160.00, a P/E ratio of 15.15, a P/E/G ratio of 1.49 and a beta of 0.93.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $1.97 EPS. PNC Financial Services Group’s revenue for the quarter was up 10.0% compared to the same quarter last year. analysts predict that PNC Financial Services Group will post 10.38 earnings per share for the current year.

In related news, insider Orlando C. Esposito sold 4,505 shares of PNC Financial Services Group stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $138.85, for a total transaction of $625,519.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $140.98, for a total value of $704,900.00. The disclosure for this sale can be found here. Insiders have sold 108,399 shares of company stock worth $15,523,032 over the last 90 days. 0.43% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PNC. Quadrant Capital Group LLC raised its stake in PNC Financial Services Group by 0.3% during the second quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after buying an additional 4 shares during the last quarter. Green Square Capital LLC raised its stake in PNC Financial Services Group by 0.4% during the second quarter. Green Square Capital LLC now owns 4,147 shares of the financial services provider’s stock valued at $518,000 after buying an additional 18 shares during the last quarter. Cetera Investment Advisers raised its stake in PNC Financial Services Group by 2.0% during the second quarter. Cetera Investment Advisers now owns 2,364 shares of the financial services provider’s stock valued at $295,000 after buying an additional 46 shares during the last quarter. Moors & Cabot Inc. raised its stake in PNC Financial Services Group by 0.4% during the second quarter. Moors & Cabot Inc. now owns 13,115 shares of the financial services provider’s stock valued at $1,635,000 after buying an additional 56 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in PNC Financial Services Group by 0.3% during the second quarter. Nordea Investment Management AB now owns 24,222 shares of the financial services provider’s stock valued at $3,025,000 after buying an additional 82 shares during the last quarter. Institutional investors own 82.11% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/pnc-financial-services-group-pnc-price-target-raised-to-168-00/1843709.html.

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)

Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.