PNC Financial Services Group (PNC) Given Hold Rating at Credit Suisse Group

WELLINGTON MANAGEMENT GROUP LLP lowered its stake in The PNC Financial Services Group, Inc. A lower P/B ratio could mean that the stock is undervalued. Robert W. Baird restated a "buy" rating and issued a $135.00 target price on shares of PNC Financial Services Group in a research note on Monday, August 28th. Stephens downgraded the stock to "Equal-Weight" rating in Thursday, October 5 report.

Over the past three months, The PNC Financial Services Group, Inc. insiders have been net buyers, dumping a net of -138,140 shares. Zacks Investment Research upgraded shares of PNC Financial Services Group from a "hold" rating to a "buy" rating and set a $154.00 target price on the stock in a report on Tuesday, October 31st. PNC Financial Services Group has a consensus rating of "Hold" and an average target price of $141.08. A 12 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of PNC or, if they already own its stock, sell it. (NYSE:PNC) scores higher than SunTrust Banks, Inc. 2,396,900 shares of the company traded hands, compared to its average volume of 2,497,550. The firm has a market cap of $72,080.00, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.72 and a beta of 0.90. The stock appeared $151.10 above its 52-week highs and is up 4.76% for the last five trades. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. (NYSE:PNC) has risen 35.14% since January 12, 2017 and is uptrending. 3,135 The PNC Financial Services Group, Inc. PNC's forecast is as expected when compared with analysts who have updated their estimates for the tax reform, KBW analyst Brian Klock said. Atlantic Trust LLC acquired a new stake in shares of PNC Financial Services Group in the 2nd quarter worth about $129,000. The firm's revenue for the quarter was up 10.0% compared to the same quarter past year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be given a $0.75 dividend.

SunTrust Banks, Inc. (STI) pays a dividend of 1.60, which translates to dividend yield of 2.36% based on the current price. The ex-dividend date is Tuesday, January 16th. PNC Financial Services Group's payout ratio is 22.53%. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Evercore upgraded the stock to "Buy" rating in Friday, April 1 report. The shares were sold at an average price of $143.43, for a total value of $6,641,813.01. Following the transaction, 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. The Union Bankshares Corp holds 25,907 shares with $3.49M value, up from 7,212 last quarter.

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Institutional investors have recently made changes to their positions in the stock. Aperio Grp Inc Limited Liability Com has 0.21% invested in The PNC Financial Services Group, Inc. The PNC Financial Services Group, Inc. 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 in the last quarter. California Public Employees Retirement System increased its position in shares of PNC Financial Services Group by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider's stock worth $1,592,394,000 after acquiring an additional 875,164 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of PNC Financial Services Group by 0.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider's stock worth $103,000 after acquiring an additional 91 shares during the period. AXA now owns 337,039 shares of the financial services provider's stock valued at $45,423,000 after purchasing an additional 6,903 shares during the last quarter. Hedge funds and other institutional investors own 81.48% of the company's stock.

TRADEMARK VIOLATION NOTICE: This report was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of United States and global copyright & trademark law. (PNC) has a market cap of $71.99 billion and over the last 12 months, The PNC Financial Services Group, Inc. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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