StockNews.com Upgrades The PNC Financial Services Group (NYSE:PNC) to “Hold”

The PNC Financial Services Group (NYSE:PNC) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Other analysts have also issued research reports about the company. Evercore ISI reduced their target price on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a report on Wednesday. UBS Group increased their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Morgan Stanley increased their target price on The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a report on Tuesday, January 30th. Finally, The Goldman Sachs Group increased their target price on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $156.63.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC traded up $0.57 on Thursday, reaching $147.82. 1,352,894 shares of the company traded hands, compared to its average volume of 2,145,106. The PNC Financial Services Group has a fifty-two week low of $109.40 and a fifty-two week high of $162.24. The company’s 50 day moving average is $151.80 and its 200-day moving average is $141.72. The stock has a market capitalization of $58.80 billion, a PE ratio of 12.41, a P/E/G ratio of 1.69 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.84.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $3.98 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. As a group, analysts anticipate that The PNC Financial Services Group will post 12.42 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the transaction, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On The PNC Financial Services Group

Several hedge funds have recently bought and sold shares of PNC. OFI Invest Asset Management bought a new position in shares of The PNC Financial Services Group in the third quarter worth about $25,000. BKM Wealth Management LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $26,000. Tennessee Valley Asset Management Partners bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $26,000. Fortitude Family Office LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $28,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in shares of The PNC Financial Services Group by 350.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 140 shares during the period. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.