PNC Financial Services Group (NYSE:PNC) was downgraded by analysts at Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a note issued to investors on Thursday, January 4th, The Fly reports.

Several other analysts have also weighed in on the company. Barclays upped their price objective on PNC Financial Services Group from $139.00 to $168.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $162.00 price objective on shares of PNC Financial Services Group in a research note on Friday, December 29th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research report on Tuesday, December 26th. Wells Fargo & Co set a $149.00 target price on PNC Financial Services Group and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $151.00 price objective on shares of PNC Financial Services Group in a report on Monday, December 4th. Eighteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. PNC Financial Services Group currently has a consensus rating of “Hold” and a consensus price target of $144.02.

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PNC Financial Services Group (NYSE PNC) opened at $159.21 on Thursday. PNC Financial Services Group has a 52-week low of $115.25 and a 52-week high of $160.07. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market capitalization of $75,046.18, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the business earned $1.97 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. equities research analysts anticipate that PNC Financial Services Group will post 10.31 earnings per share for the current year.

In other news, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $140.98, for a total value of $704,900.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Hannon sold 8,011 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $154.20, for a total value of $1,235,296.20. Following the completion of the transaction, the insider now directly owns 58,820 shares in the company, valued at approximately $9,070,044. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,399 shares of company stock worth $15,523,032. 0.43% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. FMR LLC grew its holdings in PNC Financial Services Group by 13.9% during the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock worth $1,957,539,000 after acquiring an additional 1,915,923 shares during the period. Principal Financial Group Inc. boosted its position in shares of PNC Financial Services Group by 240.4% during the 2nd quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock worth $298,281,000 after purchasing an additional 1,686,944 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of PNC Financial Services Group by 2,624.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock worth $213,239,000 after purchasing an additional 1,645,007 shares in the last quarter. Koch Industries Inc. boosted its position in shares of PNC Financial Services Group by 78,828.1% during the 2nd quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 1,348,748 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of PNC Financial Services Group by 7.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock worth $1,592,394,000 after purchasing an additional 875,164 shares in the last quarter. 82.11% of the stock is currently owned by institutional investors.

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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.

The Fly

Analyst Recommendations for PNC Financial Services Group (NYSE:PNC)

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