PNC Financial Services Group (NYSE:PNC) PT lowered to $201.00
PNC Financial Services Group (NYSE:PNC – Get a Rating) had its price target reduced by Piper Sandler equity researchers from $215.00 to $201.00 in a research note released Friday to investors, reports The Fly. Piper Sandler’s price target indicates an upside potential of 8.97% from the current stock price.
Several other brokerages have also published reports on PNC. Argus raised its price target on shares of PNC Financial Services Group from $220.00 to $245.00 in a Wednesday, January 19 research report. Raymond James raised his price target on PNC Financial Services Group shares from $215.00 to $230.00 and gave the company an “outperform” rating in a Thursday, January 20 research report. StockNews.com began covering shares of PNC Financial Services Group in a report on Thursday. They have set a “holding” rating on the stock. JPMorgan Chase & Co. raised its price target on shares of PNC Financial Services Group from $229.50 to $232.50 in a Thursday, Feb. 3 report. Finally, Barclays downgraded shares of The PNC Financial Services Group from a “weighted” rating to an “overweight” rating and raised its price target for the company from $220.00 to $250.00 in a report. Monday, January 3. One financial analyst gave the stock a sell rating, eleven gave the stock a hold rating and eleven gave the stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $218.60.
PNC shares opened at $184.45 on Friday. The company has a 50-day moving average price of $197.88 and a 200-day moving average price of $201.85. PNC Financial Services Group has a 52 week low of $170.14 and a 52 week high of $228.14. The company has a market capitalization of $77.18 billion, a PE ratio of 14.54, a P/E/G ratio of 0.84 and a beta of 1.29. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt ratio of 0.55.
PNC Financial Services Group (NYSE:PNC – Get Rating) last reported quarterly results on Tuesday, January 18. The financial services provider reported EPS of $3.68 for the quarter, beating analyst consensus estimates of $3.61 by $0.07. The company posted revenue of $5.13 billion in the quarter, versus analyst estimates of $5.10 billion. The PNC Financial Services group achieved a net margin of 28.81% and a return on equity of 12.86%. In the same period a year earlier, the company posted earnings of $3.26 per share. Analysts expect PNC Financial Services Group to post earnings per share of 14.09 for the current year.
In other news from PNC Financial Services Group, Executive Vice President Michael P. Lyons sold 5,500 shares of the company in a trade on Monday, March 14. The shares were sold at an average price of $182.59, for a total transaction of $1,004,245.00. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Insiders own 0.34% of the shares of the company.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Citizens National Bank Trust Department bought a new position in shares of The PNC Financial Services Group in the fourth quarter for a value of approximately $28,000. Tompkins Financial Corp bought a new position in shares of The PNC Financial Services Group in the third quarter for a value of approximately $29,000. New England Inc.’s Retirement Planning Co bought a new stock position in The PNC Financial Services Group in the fourth quarter for about $30,000. D Orazio & Associates Inc. bought a new position in shares of The PNC Financial Services Group in the third quarter worth approximately $31,000. Finally, Guardian Wealth Management Inc. bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 82.59% of the company’s shares.
PNC Financial Services Group Company Profile (Get a rating)
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The Company’s Retail Banking segment offers brokerage, insurance, investment and cash management services; checking, savings and money market accounts; certificates of deposit; and lending products, which include residential mortgages, home equity loans and lines of credit, auto loans, education loans and personal and small business loans, as well as consumer credit cards and to small businesses through a network of branches, ATMs, call centers, and online and mobile banking channels.
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