Credit Suisse Group reiterated their hold rating on shares of PNC Financial Services Group (NYSE:PNC) in a research note published on Friday. Credit Suisse Group currently has a $150.00 price target on the financial services provider’s stock.

A number of other analysts also recently issued reports on PNC. Zacks Investment Research downgraded PNC Financial Services Group from a buy rating to a hold rating in a research note on Tuesday, September 12th. Deutsche Bank reaffirmed a hold rating and issued a $136.00 target price (up from $130.00) on shares of PNC Financial Services Group in a research note on Tuesday, September 26th. Nomura raised their target price on PNC Financial Services Group from $129.00 to $132.00 and gave the stock a neutral rating in a research note on Thursday, September 28th. Instinet reaffirmed a neutral rating and issued a $132.00 target price (up from $129.00) on shares of PNC Financial Services Group in a research note on Saturday, September 30th. Finally, Robert W. Baird reaffirmed a buy rating and issued a $135.00 target price on shares of PNC Financial Services Group in a research note on Sunday, October 1st. Sixteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $141.08.

Shares of PNC Financial Services Group (PNC) traded up $0.27 during mid-day trading on Friday, reaching $145.05. The company’s stock had a trading volume of 2,564,879 shares, compared to its average volume of 2,636,936. 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 stock has a market cap of $69,160.00, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.72 and a beta of 0.90. PNC Financial Services Group has a 12 month low of $113.66 and a 12 month high of $147.28.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.03. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 EPS. equities research analysts predict that PNC Financial Services Group will post 8.43 earnings per share for the current year.

The firm 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Tuesday, January 16th. PNC Financial Services Group’s payout ratio is 22.53%.

In related news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the firm’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 sale, the insider now directly owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The disclosure for this sale can be found here. Insiders have sold a total of 108,523 shares of company stock valued at $15,392,168 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Washington Trust Bank boosted its holdings in PNC Financial Services Group by 2.9% during the 4th quarter. Washington Trust Bank now owns 54,958 shares of the financial services provider’s stock valued at $7,930,000 after acquiring an additional 1,538 shares during the period. AXA boosted its holdings in PNC Financial Services Group by 2.1% during the 3rd quarter. AXA now owns 337,039 shares of the financial services provider’s stock valued at $45,423,000 after acquiring an additional 6,903 shares during the period. Wagner Bowman Management Corp boosted its holdings in PNC Financial Services Group by 16.7% during the 3rd quarter. Wagner Bowman Management Corp now owns 2,993 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 428 shares during the period. Shelton Capital Management boosted its holdings in PNC Financial Services Group by 5.6% during the 3rd quarter. Shelton Capital Management now owns 21,881 shares of the financial services provider’s stock valued at $2,949,000 after acquiring an additional 1,160 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in PNC Financial Services Group during the 3rd quarter valued at about $504,000. 81.49% of the stock is owned by hedge funds and other institutional investors.

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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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