Piper Jaffray Companies restated their buy rating on shares of PNC Financial Services Group (NYSE:PNC) in a research note published on Monday morning. Piper Jaffray Companies currently has a $151.00 target price on the financial services provider’s stock.

A number of other equities analysts have also recently commented on the company. J P Morgan Chase & Co raised their target price on PNC Financial Services Group from $139.50 to $140.50 and gave the company an overweight rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded PNC Financial Services Group from a hold rating to a buy rating and set a $154.00 target price for the company in a report on Tuesday, October 31st. Nomura raised their target price on PNC Financial Services Group from $132.00 to $135.00 and gave the company a neutral rating in a report on Monday, October 23rd. Wells Fargo & Company set a $135.00 target price on PNC Financial Services Group and gave the company a hold rating in a report on Thursday, October 19th. Finally, UBS lifted their price objective on PNC Financial Services Group from $133.00 to $135.00 and gave the company a neutral rating in a research note on Monday, October 16th. Sixteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $136.13.

Shares of PNC Financial Services Group (NYSE:PNC) traded up $0.41 during trading hours on Monday, hitting $143.42. The company had a trading volume of 1,420,700 shares, compared to its average volume of 2,193,844. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a market cap of $68,240.00, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. PNC Financial Services Group has a 1 year low of $112.61 and a 1 year high of $145.66.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.03. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the business posted $1.84 EPS. PNC Financial Services Group’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts expect that PNC Financial Services Group will post 8.44 EPS for the current year.

In other news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $140.98, for a total value of $704,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $136.98, for a total value of $429,432.30. Following the completion of the transaction, the insider now directly owns 20,449 shares in the company, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,640 shares of company stock worth $5,901,852. 0.43% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in PNC. Proficio Capital Partners LLC grew its holdings in PNC Financial Services Group by 1,365.4% during the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 710 shares during the period. Tower Research Capital LLC TRC grew its holdings in PNC Financial Services Group by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 91 shares during the period. First Interstate Bank grew its holdings in PNC Financial Services Group by 2.6% during the second quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 25 shares during the period. Atlantic Trust LLC acquired a new position in PNC Financial Services Group during the second quarter worth $129,000. Finally, Legacy Advisors LLC acquired a new position in PNC Financial Services Group during the third quarter worth $136,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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PNC Financial Services Group Company Profile

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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