Wells Fargo & Co set a $157.00 price target on PNC Financial Services Group (NYSE:PNC) in a research report released on Tuesday. The firm currently has a hold rating on the financial services provider’s stock.
Several other research firms also recently weighed in on PNC. Keefe, Bruyette & Woods restated a hold rating and issued a $162.00 price target on shares of PNC Financial Services Group in a research note on Friday, December 29th. Zacks Investment Research upgraded PNC Financial Services Group from a hold rating to a buy rating and set a $154.00 price target for the company in a research note on Tuesday, October 31st. Goldman Sachs Group downgraded PNC Financial Services Group from a conviction-buy rating to a buy rating in a research note on Thursday, January 4th. Credit Suisse Group restated a hold rating and issued a $150.00 price target on shares of PNC Financial Services Group in a research note on Friday, January 5th. Finally, UBS Group upped their price target on PNC Financial Services Group from $133.00 to $135.00 and gave the stock a neutral rating in a research note on Monday, October 16th. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $144.02.
PNC Financial Services Group (PNC) traded up $0.42 during mid-day trading on Tuesday, reaching $152.26. The company’s stock had a trading volume of 2,688,200 shares, compared to its average volume of 2,594,400. PNC Financial Services Group has a 1-year low of $113.66 and a 1-year high of $154.90. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. The company has a market cap of $72,850.00, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Wednesday, January 17th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.97%. PNC Financial Services Group’s dividend payout ratio (DPR) is 17.74%.
In other news, insider E William Parsley III sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total transaction of $3,467,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Karen L. Larrimer sold 3,135 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the sale, the insider now directly owns 20,449 shares in the company, valued at $2,801,104.02. The disclosure for this sale can be found here. Insiders have sold a total of 108,523 shares of company stock worth $15,392,168 over the last ninety days. Insiders own 0.43% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its holdings in PNC Financial Services Group by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after buying an additional 91 shares during the period. Atlantic Trust LLC purchased a new stake in PNC Financial Services Group during the 2nd quarter valued at $129,000. Legacy Advisors LLC purchased a new stake in PNC Financial Services Group during the 3rd quarter valued at $136,000. Capital Guardian Trust Co. purchased a new stake in PNC Financial Services Group during the 3rd quarter valued at $154,000. Finally, Zions Bancorporation raised its holdings in PNC Financial Services Group by 3,170.0% during the 3rd quarter. Zions Bancorporation now owns 1,308 shares of the financial services provider’s stock valued at $176,000 after buying an additional 1,268 shares during the period. Institutional investors own 81.54% of the company’s stock.
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About PNC Financial Services Group
The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.
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