Shares of PNC Financial Services Group Inc (NYSE:PNC) have received an average rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $143.63.
Several research firms have issued reports on PNC. Zacks Investment Research upgraded PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. ValuEngine upgraded PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. UBS Group set a $133.00 target price on PNC Financial Services Group and gave the stock a “hold” rating in a research report on Tuesday, April 2nd. Barclays increased their target price on PNC Financial Services Group from $156.00 to $157.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Macquarie upgraded PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 6th.
NYSE:PNC opened at $132.08 on Wednesday. The firm has a market cap of $59.63 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.51 and a beta of 1.09. PNC Financial Services Group has a 1 year low of $108.45 and a 1 year high of $152.25. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.23.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, May 5th. Investors of record on Tuesday, April 16th were given a $0.95 dividend. The ex-dividend date of this dividend was Monday, April 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.88%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 35.48%.
In related news, insider Joseph E. Rockey sold 6,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $135.00, for a total value of $810,000.00. Following the sale, the insider now owns 24,747 shares in the company, valued at $3,340,845. 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 the stock in a transaction that occurred on Thursday, February 21st. The stock was acquired at an average price of $125.69 per share, for a total transaction of $62,845.00. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in PNC Financial Services Group in the first quarter valued at $25,000. Field & Main Bank bought a new position in PNC Financial Services Group in the first quarter valued at $25,000. Penserra Capital Management LLC bought a new position in PNC Financial Services Group in the first quarter valued at $25,000. IMA Wealth Inc. bought a new position in PNC Financial Services Group in the first quarter valued at $25,000. Finally, Executive Wealth Management LLC bought a new position in PNC Financial Services Group in the fourth quarter valued at $29,000. Institutional investors own 82.67% of the company’s stock.
About PNC Financial Services Group
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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