The PNC Financial Services Group (NYSE:PNC) Given New $286.00 Price Target at UBS Group

The PNC Financial Services Group (NYSE:PNC) had its price objective decreased by stock analysts at UBS Group from $288.00 to $286.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price indicates a potential upside of 29.94% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft lowered The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $265.00 target price on the stock. in a research note on Thursday, July 23rd. Barclays upped their price target on The PNC Financial Services Group from $277.00 to $284.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. cut their price target on shares of The PNC Financial Services Group from $269.50 to $258.00 and set an “overweight” rating on the stock in a research report on Friday. HSBC lifted their price objective on shares of The PNC Financial Services Group from $275.00 to $283.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. Finally, Oppenheimer upped their target price on shares of The PNC Financial Services Group from $271.00 to $281.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, The PNC Financial Services Group has an average rating of “Moderate Buy” and an average target price of $268.35.

The PNC Financial Services Group Trading Down 0.1%

PNC traded down $0.17 during trading on Monday, reaching $220.11. 1,904,833 shares of the company’s stock were exchanged, compared to its average volume of 2,209,804. The company’s fifty day moving average price is $241.35 and its 200-day moving average price is $232.34. The firm has a market capitalization of $87.81 billion, a PE ratio of 12.11, a P/E/G ratio of 1.10 and a beta of 0.94. The PNC Financial Services Group has a fifty-two week low of $176.88 and a fifty-two week high of $258.96. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.84 and a current ratio of 0.85.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.39. The PNC Financial Services Group had a return on equity of 12.48% and a net margin of 21.41%.The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter in the prior year, the business posted $3.85 EPS. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. As a group, equities analysts forecast that The PNC Financial Services Group will post 19.23 EPS for the current year.

Insider Activity at The PNC Financial Services Group

In other news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $255.84, for a total transaction of $858,087.36. Following the transaction, the executive vice president owned 18,800 shares in the company, valued at $4,809,792. The trade was a 15.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.38% of the stock is currently owned by corporate insiders.

Institutional Trading of The PNC Financial Services Group

A number of large investors have recently bought and sold shares of PNC. Trust Asset Management LLC lifted its holdings in shares of The PNC Financial Services Group by 1.0% in the 2nd quarter. Trust Asset Management LLC now owns 4,457 shares of the financial services provider’s stock valued at $1,097,000 after purchasing an additional 43 shares during the last quarter. Baron Wealth Management LLC grew its stake in The PNC Financial Services Group by 3.0% during the 1st quarter. Baron Wealth Management LLC now owns 1,562 shares of the financial services provider’s stock worth $325,000 after buying an additional 46 shares during the last quarter. Kennebec Savings Bank increased its position in The PNC Financial Services Group by 1.4% during the first quarter. Kennebec Savings Bank now owns 3,546 shares of the financial services provider’s stock worth $738,000 after buying an additional 49 shares during the period. SJS Investment Consulting Inc. increased its position in The PNC Financial Services Group by 34.2% during the first quarter. SJS Investment Consulting Inc. now owns 196 shares of the financial services provider’s stock worth $41,000 after buying an additional 50 shares during the period. Finally, United Community Bank lifted its stake in The PNC Financial Services Group by 0.8% in the second quarter. United Community Bank now owns 6,523 shares of the financial services provider’s stock valued at $1,606,000 after buying an additional 50 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its banking and financial services businesses, PNC serves consumers, small and mid-sized businesses, corporations, government entities and institutional clients across the United States.

PNC’s principal activities include retail banking, corporate and institutional banking, and asset management. Its products and services include deposit accounts, consumer and business lending, mortgages, credit cards, treasury management, investment banking, commercial finance, wealth management and investment advisory services.