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

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

PNC has been the subject of several other research reports. Evercore ISI raised 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 report on Thursday, March 28th. The Goldman Sachs Group boosted their target price on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a neutral rating in a research report on Monday, April 1st. UBS Group increased their price target on 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. Jefferies Financial Group boosted their price objective on The PNC Financial Services Group from $164.00 to $171.00 and gave the company a hold rating in a report on Monday, April 8th. Finally, HSBC upgraded The PNC Financial Services Group from a reduce rating to a hold rating and increased their target price for the stock from $141.00 to $155.00 in a research note on Thursday, March 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $156.46.

The PNC Financial Services Group Trading Up 0.5 %

Shares of PNC stock opened at $147.25 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $58.58 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The PNC Financial Services Group has a 12-month low of $109.40 and a 12-month high of $162.24. The stock’s 50-day moving average price is $151.80 and its 200-day moving average price is $141.68.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the firm earned $3.98 EPS. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. Equities research analysts predict that The PNC Financial Services Group will post 12.42 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 52.06%.

Insider Buying and Selling at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of large investors have recently made changes to their positions in PNC. BKM Wealth Management LLC purchased a new stake in The PNC Financial Services Group in the fourth quarter valued at about $26,000. Tennessee Valley Asset Management Partners acquired a new position in The PNC Financial Services Group during the 4th quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of The PNC Financial Services Group by 350.0% during 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 during the period. Fortitude Family Office LLC acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at $28,000. Finally, Fortis Group Advisors LLC grew its stake in The PNC Financial Services Group by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

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.