According to Stock Target Advisor Ratings, The PNC Financial Services Group, Inc. (PNC:NYE) has received a “Hold” consensus rating from the twenty analysts covering the company. Among the twenty analysts, two have recommended a “sell,” six have recommended a “hold,” and six have recommended a “buy” rating for the PNC stock. In the last twelve months, analysts who have covered PNC stock have set an average twelve-month target price of $173.88.
PNC Stock-Analyst Ratings:
The PNC Financial Services Group has been the subject of several analyst reports. Credit Suisse Group downgraded the company’s price target from $170.00 to $165.00 and gave it a “neutral” rating in a report issued on Thursday, January 19th.
In contrast, Citigroup upgraded the stock from a “neutral” rating to a “buy” rating and set a $175.00 price target in a research report issued on Monday, March 13th.
Barclays also issued an “overweight” rating on the stock, but lowered their price target from $222.00 to $218.00 in a report released on Tuesday, January 3rd.
PNC Stock Price Analysis:
The PNC Financial Services Group stock has a 50-day moving average of $153.80 and a 200-day moving average of $156.49. On Wednesday, the stock opened at $131.62 with a market capitalization of $52.61 billion and a price-to-earnings ratio of 9.49.
The company’s CEO, William S. Demchak, has recently acquired several shares of the company’s stock, according to filings with the Securities and Exchange Commission. Specifically, on Friday, January 20th, Demchak bought 6,550 shares of PNC stock at an average price of $153.38 per share, for a total of $1,004,639.00. Following this transaction, he directly owned 482,924 shares of the company’s stock, valued at approximately $74,070,883.12.
Demchak also bought 1,000 shares of the company’s stock on Monday, March 13th, at an average cost of $129.70 per share, for a total value of $129,700.00. Following this purchase, he now directly owns 525,349 shares of the company’s stock, valued at $68,137,765.30. As of this writing, 0.34% of the stock is currently owned by insiders.
Hedge Funds & Institutional Holdings:
The PNC Financial Services Group has seen several changes in the positions of hedge funds and institutional investors. Tower Research Capital LLC TRC, for example, has increased its holdings in PNC stock by 138.3% during the third quarter, now owning 38,671 shares of the financial services provider’s stock valued at $5,778,000 after buying an additional 22,440 shares during the last quarter.
Furthermore, Ieq Capital LLC boosted its position in shares of The PNC Financial Services Group by 49.7% during the third quarter, now owning 11,914 shares of the company’s stock worth $1,780,000 after acquiring an additional 3,954 shares during the last quarter.
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.
It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services for institutional clients. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvani.