The PNC Financial Services Group’s (PNC) Hold Rating Reiterated at Barclays PLC

The PNC Financial Services Group’s (PNC) Hold Rating Reiterated at Barclays PLC

Barclays PLC reiterated their hold rating on shares of PNC Financial Services Group Inc. (NYSE:PNC) in a report issued on Tuesday morning. They currently have a $97.00 target price on the stock.

PNC has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of PNC Financial Services Group from a hold rating to a sell rating in a report on Wednesday, June 15th. Deutsche Bank AG reiterated a buy rating on shares of PNC Financial Services Group in a report on Wednesday, June 15th. Royal Bank Of Canada reiterated a buy rating on shares of PNC Financial Services Group in a report on Thursday, June 23rd. Jefferies Group reiterated a hold rating and issued a $91.00 price objective on shares of PNC Financial Services Group in a report on Thursday, July 7th. Finally, Nomura upgraded shares of PNC Financial Services Group from a neutral rating to a buy rating and cut their price objective for the company from $95.00 to $84.00 in a report on Thursday, July 7th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $96.65.

Shares of PNC Financial Services Group (NYSE:PNC) opened at 87.94 on Tuesday. The company has a market cap of $43.21 billion, a P/E ratio of 12.13 and a beta of 0.91. PNC Financial Services Group has a 1-year low of $77.40 and a 1-year high of $97.50. The stock’s 50 day moving average is $89.74 and its 200 day moving average is $86.17.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Friday, October 14th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.06. PNC Financial Services Group had a net margin of 24.32% and a return on equity of 9.22%. On average, analysts predict that PNC Financial Services Group will post $7.10 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 17th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $2.20 annualized dividend and a yield of 2.50%. PNC Financial Services Group’s dividend payout ratio is currently 30.26%.

In related news, insider Michael J. Hannon sold 33,000 shares of PNC Financial Services Group stock in a transaction on Monday, August 8th. The shares were sold at an average price of $86.49, for a total transaction of $2,854,170.00. Following the sale, the insider now directly owns 87,573 shares in the company, valued at approximately $7,574,188.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Hesse purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The shares were bought at an average price of $82.44 per share, for a total transaction of $41,220.00. Following the completion of the purchase, the director now directly owns 1,100 shares in the company, valued at $90,684. The disclosure for this purchase can be found here. Corporate insiders own 0.57% of the company’s stock.

A number of large investors have recently made changes to their positions in PNC. Private Trust Co. NA increased its position in shares of PNC Financial Services Group by 1.4% in the third quarter. Private Trust Co. NA now owns 2,826 shares of the company’s stock valued at $254,000 after buying an additional 38 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in shares of PNC Financial Services Group by 4.1% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 129,208 shares of the company’s stock valued at $11,640,000 after buying an additional 5,103 shares during the last quarter. Genesee Valley Trust Co. increased its position in shares of PNC Financial Services Group by 25.6% in the third quarter. Genesee Valley Trust Co. now owns 9,964 shares of the company’s stock valued at $898,000 after buying an additional 2,029 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of PNC Financial Services Group by 1.2% in the third quarter. Capstone Asset Management Co. now owns 42,485 shares of the company’s stock valued at $3,827,000 after buying an additional 487 shares during the last quarter. Finally, Carl Domino Inc acquired a new position in shares of PNC Financial Services Group during the third quarter valued at about $213,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.

PNC Financial Services Group Company Profile

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