The PNC Financial Services Group’s (PNC) “Underperform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their underperform rating on shares of The PNC Financial Services Group (NYSE:PNC) in a report published on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $152.00 target price on the financial services provider’s stock.

A number of other analysts also recently issued reports on PNC. Jefferies Financial Group lifted their price objective on shares of The PNC Financial Services Group from $164.00 to $171.00 and gave the stock a hold rating in a report on Monday, April 8th. HSBC raised shares of The PNC Financial Services Group from a reduce rating to a hold rating and lifted their price objective for the stock from $141.00 to $155.00 in a report on Thursday, March 28th. UBS Group lifted their price objective on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a neutral rating in a report on Thursday, January 18th. Wells Fargo & Company lifted their target price on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Finally, Evercore ISI lifted their target price on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $156.63.

The PNC Financial Services Group Stock Up 3.0 %

Shares of NYSE:PNC opened at $152.30 on Wednesday. The firm has a fifty day moving average price of $151.89 and a two-hundred day moving average price of $141.95. 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 has a one year low of $109.40 and a one year high of $162.24. The company has a market cap of $60.59 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.67 and a beta of 1.18.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.01. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the firm posted $3.98 EPS. The firm’s revenue was down 8.2% compared to the same quarter last year. Analysts anticipate that The PNC Financial Services Group will post 12.62 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s payout ratio is 52.06%.

Insider Buying and Selling at The PNC Financial Services Group

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

Hedge Funds Weigh In On The PNC Financial Services Group

Several hedge funds and other institutional investors have recently modified their holdings of PNC. BKM Wealth Management LLC bought a new position in The PNC Financial Services Group in the fourth quarter worth about $26,000. Tennessee Valley Asset Management Partners bought a new position in The PNC Financial Services Group in the fourth quarter worth about $26,000. Householder Group Estate & Retirement Specialist LLC raised its stake in 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 buying an additional 140 shares in the last quarter. Fortitude Family Office LLC bought a new position in The PNC Financial Services Group in the fourth quarter worth about $28,000. Finally, Fortis Group Advisors LLC raised its stake in The PNC Financial Services Group by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the financial services provider’s stock worth $31,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

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.