The PNC Financial Services Group (NYSE:PNC) Earns “Underperform” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their underperform rating on shares of The PNC Financial Services Group (NYSE:PNC) in a report published on Wednesday morning, Benzinga reports. They currently have a $152.00 target price on the financial services provider’s stock.

Other research analysts have also recently issued research reports about the company. UBS Group raised their price target on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a neutral rating in a research report on Thursday, January 18th. Evercore ISI raised their target price on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the company an outperform rating in a report on Thursday, March 28th. HSBC raised shares of The PNC Financial Services Group from a reduce rating to a hold rating and upped their price target for the company from $141.00 to $155.00 in a report on Thursday, March 28th. Jefferies Financial Group lifted their price objective on The PNC Financial Services Group from $164.00 to $171.00 and gave the stock a hold rating in a research report on Monday, April 8th. Finally, Morgan Stanley increased their target price on The PNC Financial Services Group from $142.00 to $158.00 and gave the company an underweight rating in a report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $156.46.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $147.25 on Wednesday. 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 one year low of $109.40 and a one year high of $162.24. The company has a market cap of $58.58 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The business has a fifty day moving average of $151.80 and a two-hundred day moving average of $141.68.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company posted $3.98 earnings per share. As a group, 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 Announces Dividend

The business also recently announced 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 Buying and Selling

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction on Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the transaction, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PNC. BKM Wealth Management LLC purchased a new position in shares of The PNC Financial Services Group in the 4th quarter worth about $26,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of The PNC Financial Services Group during the 4th quarter worth about $26,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in The PNC Financial Services Group by 350.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock valued at $28,000 after buying an additional 140 shares during the period. Fortitude Family Office LLC purchased a new position in The PNC Financial Services Group in the fourth quarter valued at approximately $28,000. Finally, Fortis Group Advisors LLC lifted its position in The PNC Financial Services Group by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the financial services provider’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

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.