The PNC Financial Services Group (NYSE:PNC – Get Free Report) had its price objective decreased by stock analysts at Evercore from $265.00 to $260.00 in a report released on Monday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Evercore’s target price indicates a potential upside of 20.28% from the company’s current price.
Several other research analysts also recently commented on the company. Royal Bank Of Canada reduced their target price on The PNC Financial Services Group from $273.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday. Barclays raised their price target on The PNC Financial Services Group from $277.00 to $284.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. The Goldman Sachs Group dropped their price target on The PNC Financial Services Group from $281.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Oppenheimer lifted their price objective on The PNC Financial Services Group from $263.00 to $269.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on The PNC Financial Services Group from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and a consensus price target of $266.13.
View Our Latest Stock Analysis on The PNC Financial Services Group
The PNC Financial Services Group Price Performance
PNC stock traded down $1.24 during trading on Monday, hitting $216.15. 1,566,480 shares of the stock traded hands, compared to its average volume of 2,216,299. The stock has a market cap of $86.23 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.14 and a beta of 0.94. The PNC Financial Services Group has a one year low of $177.08 and a one year high of $258.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.23. The company has a 50 day simple moving average of $235.33 and a 200 day simple moving average of $233.29.
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 for the quarter, topping the consensus estimate of $4.91 by $0.18. The firm had revenue of $6.60 billion for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.35 earnings per share. Equities analysts expect that The PNC Financial Services Group will post 19.22 EPS for the current fiscal year.
Insider Buying and Selling at The PNC Financial Services Group
In other news, EVP Stacy Juchno sold 3,354 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were 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 approximately $4,809,792. This represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Highland Investment Advisors LLC acquired a new position in The PNC Financial Services Group during the 2nd quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of The PNC Financial Services Group in the 2nd quarter valued at $28,000. Archer Investment Corp acquired a new stake in shares of The PNC Financial Services Group in the 2nd quarter valued at $33,000. Financial Life Planners acquired a new stake in shares of The PNC Financial Services Group in the 1st quarter valued at $31,000. Finally, Wilkerson Advisory Group LLC raised its position in shares of The PNC Financial Services Group by 93.4% during the first quarter. Wilkerson Advisory Group LLC now owns 147 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares during the last quarter. Institutional investors 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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