A number of other research analysts have also issued reports on the stock. UBS Group increased their target price on shares of PNC Financial Services Group from $142.00 to $146.00 and gave the stock a neutral rating in a research report on Monday, October 21st. Wells Fargo & Co raised their target price on shares of PNC Financial Services Group from $134.00 to $147.00 and gave the stock a market perform rating in a report on Thursday, October 17th. Morgan Stanley reiterated a hold rating on shares of PNC Financial Services Group in a research report on Monday, November 18th. Robert W. Baird set a $141.00 price target on PNC Financial Services Group and gave the company a buy rating in a research note on Monday, August 26th. Finally, Zacks Investment Research cut PNC Financial Services Group from a hold rating to a sell rating and set a $147.00 price target for the company. in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $144.17.
Shares of PNC Financial Services Group stock opened at $149.74 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a 50-day moving average of $149.29 and a 200-day moving average of $138.64. PNC Financial Services Group has a 52-week low of $108.45 and a 52-week high of $154.75. The stock has a market cap of $68.22 billion, a PE ratio of 13.98, a PEG ratio of 1.85 and a beta of 1.14.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Thursday, October 17th were paid a dividend of $1.15 per share. The ex-dividend date was Wednesday, October 16th. This represents a $4.60 dividend on an annualized basis and a yield of 3.07%. PNC Financial Services Group’s payout ratio is 42.95%.
In other PNC Financial Services Group news, EVP Vicki C. Henn sold 3,723 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $151.96, for a total transaction of $565,747.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Karen L. Larrimer sold 2,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $152.29, for a total value of $304,580.00. Following the sale, the executive vice president now owns 21,172 shares of the company’s stock, valued at $3,224,283.88. The disclosure for this sale can be found here. Insiders have sold 171,755 shares of company stock worth $25,765,522 over the last quarter. Corporate insiders own 0.37% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI grew its position in PNC Financial Services Group by 38.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,895 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 807 shares during the last quarter. Westside Investment Management Inc. acquired a new stake in shares of PNC Financial Services Group in the 2nd quarter valued at approximately $29,000. Greenleaf Trust boosted its stake in shares of PNC Financial Services Group by 4.0% in the 2nd quarter. Greenleaf Trust now owns 5,130 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 198 shares in the last quarter. Manning & Napier Group LLC grew its holdings in shares of PNC Financial Services Group by 6.6% during the 2nd quarter. Manning & Napier Group LLC now owns 6,679 shares of the financial services provider’s stock valued at $916,000 after purchasing an additional 415 shares during the last quarter. Finally, Brookstone Capital Management grew its holdings in shares of PNC Financial Services Group by 4.4% during the 2nd quarter. Brookstone Capital Management now owns 2,134 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 79.43% of the company’s stock.
PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
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