The PNC Financial Services Group (NYSE:PNC – Get Free Report) had its target price dropped by equities research analysts at Truist Financial from $252.00 to $248.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the financial services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 14.02% from the stock’s previous close.
A number of other research analysts also recently issued reports on the company. Robert W. Baird lifted their price target on The PNC Financial Services Group from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Citigroup upped their price objective on The PNC Financial Services Group from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Morgan Stanley raised their price objective on The PNC Financial Services Group from $267.00 to $278.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Argus raised their price objective on The PNC Financial Services Group from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. cut their target price on The PNC Financial Services Group from $269.50 to $258.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $267.00.
Check Out Our Latest Analysis on PNC
The PNC Financial Services Group Price Performance
Shares of PNC opened at $217.51 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.83 and a current ratio of 0.84. The company has a 50 day moving average price of $235.33 and a 200-day moving average price of $233.29. The PNC Financial Services Group has a fifty-two week low of $176.88 and a fifty-two week high of $258.96. The stock has a market capitalization of $86.77 billion, a PE ratio of 11.52, a PEG ratio of 1.14 and a beta of 0.94.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.91 by $0.18. The company had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.61 billion. The PNC Financial Services Group had a net margin of 21.83% and a return on equity of 12.82%. The PNC Financial Services Group’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $4.35 earnings per share. Equities analysts predict that The PNC Financial Services Group will post 19.22 earnings per share for the current fiscal year.
Insider Buying and Selling at The PNC Financial Services Group
In related news, EVP Stacy Juchno sold 3,354 shares of the business’s stock in a transaction on 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 directly owned 18,800 shares in the company, valued at $4,809,792. The trade was a 15.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is owned by insiders.
Institutional Investors Weigh In On The PNC Financial Services Group
Institutional investors have recently added to or reduced their stakes in the business. Highland Investment Advisors LLC purchased a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at approximately $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in The PNC Financial Services Group during the 2nd quarter worth approximately $28,000. Archer Investment Corp purchased a new stake in The PNC Financial Services Group during the 2nd quarter worth approximately $33,000. Financial Life Planners acquired a new position in The PNC Financial Services Group during the 1st quarter valued at approximately $31,000. Finally, Wilkerson Advisory Group LLC increased its stake in The PNC Financial Services Group by 93.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 147 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.
About The PNC Financial Services Group
The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal banking subsidiary, PNC Bank, the company provides banking, lending, investment, and related financial services to individuals, small businesses, corporations, government entities, and institutional clients.
PNC’s consumer offerings include checking and savings accounts, credit cards, mortgages, home equity loans, personal lending, and online and mobile banking.
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