The PNC Financial Services Group (NYSE:PNC) PT Lowered to $162.00 at Jefferies Financial Group

The PNC Financial Services Group (NYSE:PNC) had its price target cut by Jefferies Financial Group from $171.00 to $162.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Several other analysts have also recently weighed in on PNC. Wells Fargo & Company boosted their price objective on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an overweight rating in a report on Thursday, March 28th. Evercore ISI dropped their price objective on The PNC Financial Services Group from $184.00 to $175.00 and set an outperform rating for the company in a report on Wednesday. Morgan Stanley boosted their price objective on The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an underweight rating in a report on Tuesday, January 30th. HSBC raised The PNC Financial Services Group from a reduce rating to a hold rating and boosted their price objective for the stock from $141.00 to $155.00 in a report on Thursday, March 28th. Finally, UBS Group boosted their price objective 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. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $156.63.

The PNC Financial Services Group Stock Up 0.5 %

Shares of NYSE:PNC opened at $147.25 on Wednesday. The company’s fifty day moving average is $151.80 and its 200-day moving average is $141.68. The company has a market capitalization of $58.58 billion, a PE ratio of 12.36, a P/E/G ratio of 1.69 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.85. The PNC Financial Services Group has a 52 week low of $109.40 and a 52 week high of $162.24.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results 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 business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.98 EPS. Equities research analysts predict that The PNC Financial Services Group will post 12.42 earnings per share 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 given a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 4.21%. The PNC Financial Services Group’s dividend payout ratio is presently 52.06%.

Insider Activity at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by insiders.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of large investors have recently bought and sold shares of the company. LVW Advisors LLC boosted its position in The PNC Financial Services Group by 29.6% during the 1st quarter. LVW Advisors LLC now owns 5,890 shares of the financial services provider’s stock worth $952,000 after acquiring an additional 1,346 shares during the last quarter. Breakwater Capital Group boosted its position in The PNC Financial Services Group by 4.3% during the 1st quarter. Breakwater Capital Group now owns 3,963 shares of the financial services provider’s stock worth $640,000 after acquiring an additional 162 shares during the last quarter. Stephens Consulting LLC acquired a new position in The PNC Financial Services Group during the 1st quarter worth approximately $48,000. Founders Financial Securities LLC boosted its position in The PNC Financial Services Group by 1.1% during the 1st quarter. Founders Financial Securities LLC now owns 12,299 shares of the financial services provider’s stock worth $1,988,000 after acquiring an additional 132 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in The PNC Financial Services Group by 9.9% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 2,233 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

About The PNC Financial Services Group

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.