PNC Financial Services Group (PNC) PT Set at $133.00 by UBS Group

PNC Financial Services Group (NYSE:PNC) received a $133.00 price target from equities research analysts at UBS Group in a research report issued to clients and investors on Tuesday, April 2nd, Stock Target Advisor reports. The firm currently has a “hold” rating on the financial services provider’s stock. UBS Group’s price objective would suggest a potential downside of 2.27% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of PNC Financial Services Group to $150.00 and set an “average” rating on the stock in a research report on Thursday, January 17th. Bank of America cut shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating in a research report on Thursday, January 10th. Goldman Sachs Group cut shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $154.00 to $144.00 in a research report on Monday, January 7th. Morgan Stanley lowered their price objective on shares of PNC Financial Services Group from $147.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. Finally, Macquarie upgraded shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 6th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. PNC Financial Services Group has a consensus rating of “Hold” and an average target price of $145.66.

PNC Financial Services Group stock traded up $1.85 during mid-day trading on Tuesday, hitting $136.09. The company’s stock had a trading volume of 1,336,906 shares, compared to its average volume of 2,378,077. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market cap of $60.87 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. PNC Financial Services Group has a twelve month low of $108.45 and a twelve month high of $152.29.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.61. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.24 billion. PNC Financial Services Group had a net margin of 25.93% and a return on equity of 11.20%. During the same quarter in the previous year, the business posted $2.43 earnings per share. As a group, equities analysts predict that PNC Financial Services Group will post 11.34 EPS for the current fiscal year.

In other PNC Financial Services Group news, EVP Robert Q. Reilly sold 12,361 shares of PNC Financial Services Group stock in a transaction on Friday, February 8th. The shares were sold at an average price of $122.50, for a total transaction of $1,514,222.50. Following the completion of the sale, the executive vice president now owns 118,671 shares of the company’s stock, valued at approximately $14,537,197.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Martin Pfinsgraff acquired 500 shares of PNC Financial Services Group stock in a transaction that occurred on Thursday, February 21st. The stock was acquired at an average cost of $125.69 per share, with a total value of $62,845.00. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PNC Financial Services Group during the 1st quarter worth about $25,000. Field & Main Bank bought a new position in shares of PNC Financial Services Group during the 1st quarter worth about $25,000. IMS Capital Management bought a new position in shares of PNC Financial Services Group during the 3rd quarter worth about $28,000. Executive Wealth Management LLC bought a new position in shares of PNC Financial Services Group during the 4th quarter worth about $29,000. Finally, Transamerica Financial Advisors Inc. bought a new position in shares of PNC Financial Services Group during the 4th quarter worth about $36,000. 82.25% of the stock is owned by institutional investors and hedge funds.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Analyst Recommendations for PNC Financial Services Group (NYSE:PNC)

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