PNC Financial (NYSE:PNC): Barclays Reaffirms “Hold” Rating Today, Has a Target of $168.0/Share

April 22, 2018 - By Maria Brooks

The PNC Financial Services Group, Inc. (NYSE:PNC) Logo

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.17, from 0.87 in 2017Q3. It is positive, as 40 investors sold The PNC Financial Services Group, Inc. shares while 337 reduced holdings. 99 funds opened positions while 294 raised stakes. 376.44 million shares or 0.65% less from 378.89 million shares in 2017Q3 were reported.

Pinnacle Wealth Mgmt Advisory Group Inc Lc has invested 0.81% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). One Association invested 0.14% in The PNC Financial Services Group, Inc. (NYSE:PNC). Ls Advisors Limited Liability Corp reported 17,023 shares stake. Stifel Financial has 348,604 shares. First Bancshares invested in 0.1% or 4,253 shares. Mountain Pacific Invest Advisers Id invested in 7,166 shares or 0.11% of the stock. Contravisory Invest Mgmt Incorporated reported 0.01% stake. Wagner Bowman Corp owns 2,993 shares for 0.11% of their portfolio. Signature Management owns 3,100 shares or 0.12% of their US portfolio. Ferguson Wellman Cap Mngmt has invested 0.09% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Lourd Cap Lc reported 0.02% stake. Washington-based Washington Mgmt has invested 2.86% in The PNC Financial Services Group, Inc. (NYSE:PNC). Meiji Yasuda Asset Mgmt Company owns 7,579 shares. Liberty Mutual Grp Inc Asset has 0.08% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Cypress Capital Mngmt Ltd Liability invested in 76,154 shares or 2.11% of the stock.

Since October 30, 2017, it had 0 insider purchases, and 4 sales for $11.16 million activity. Another trade for 3,135 shares valued at $429,417 was made by Larrimer Karen L. on Monday, October 30. Parsley E William III had sold 46,307 shares worth $6.64 million. On Friday, December 15 Reilly Robert Q sold $2.85M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) or 19,576 shares.

PNC Financial (NYSE:PNC) Rating Reaffirmed

PNC Financial (NYSE:PNC) just had their share rating of a ‘”Hold”‘ issued by research analysts at Barclays, who now has a $168.0 target price per share on the $67.74 billion market cap company or a 16.57 % upside potential. This key information was disclosed in an analyst note on Tuesday, 2 January.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.17, from 0.87 in 2017Q3. It is positive, as 40 investors sold The PNC Financial Services Group, Inc. shares while 337 reduced holdings. 99 funds opened positions while 294 raised stakes. 376.44 million shares or 0.65% less from 378.89 million shares in 2017Q3 were reported.

Pinnacle Wealth Mgmt Advisory Group Inc Lc has invested 0.81% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). One Association invested 0.14% in The PNC Financial Services Group, Inc. (NYSE:PNC). Ls Advisors Limited Liability Corp reported 17,023 shares stake. Stifel Financial has 348,604 shares. First Bancshares invested in 0.1% or 4,253 shares. Mountain Pacific Invest Advisers Id invested in 7,166 shares or 0.11% of the stock. Contravisory Invest Mgmt Incorporated reported 0.01% stake. Wagner Bowman Corp owns 2,993 shares for 0.11% of their portfolio. Signature Management owns 3,100 shares or 0.12% of their US portfolio. Ferguson Wellman Cap Mngmt has invested 0.09% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). Lourd Cap Lc reported 0.02% stake. Washington-based Washington Mgmt has invested 2.86% in The PNC Financial Services Group, Inc. (NYSE:PNC). Meiji Yasuda Asset Mgmt Company owns 7,579 shares. Liberty Mutual Grp Inc Asset has 0.08% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Cypress Capital Mngmt Ltd Liability invested in 76,154 shares or 2.11% of the stock.

Since October 30, 2017, it had 0 insider purchases, and 4 sales for $11.16 million activity. Another trade for 3,135 shares valued at $429,417 was made by Larrimer Karen L. on Monday, October 30. Parsley E William III had sold 46,307 shares worth $6.64 million. On Friday, December 15 Reilly Robert Q sold $2.85M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) or 19,576 shares.

The PNC Financial Services Group, Inc. (NYSE:PNC) Ratings Coverage

Among 16 analysts covering PNC Financial Services Gr (NYSE:PNC), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. PNC Financial Services Gr has $178.0 highest and $135.0 lowest target. $160.28’s average target is 11.21% above currents $144.12 stock price. PNC Financial Services Gr had 31 analyst reports since October 23, 2017 according to SRatingsIntel. Morgan Stanley maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Friday, February 2 with “Equal-Weight” rating. Sandler O’Neill maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Friday, January 12 with “Buy” rating. Vining Sparks upgraded the shares of PNC in report on Friday, April 6 to “Buy” rating. The firm has “Hold” rating by Jefferies given on Monday, January 8. As per Monday, January 15, the company rating was maintained by Susquehanna. Susquehanna maintained The PNC Financial Services Group, Inc. (NYSE:PNC) rating on Thursday, January 4. Susquehanna has “Hold” rating and $135.0 target. Susquehanna maintained the stock with “Hold” rating in Tuesday, April 10 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $149.0 target in Tuesday, December 12 report. The company was maintained on Monday, January 15 by Piper Jaffray. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Buy” rating given on Sunday, April 15 by Piper Jaffray.

The stock decreased 0.10% or $0.14 during the last trading session, reaching $144.12. About 2.08 million shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 26.21% since April 22, 2017 and is uptrending. It has outperformed by 14.66% the S&P500.

Analysts await The PNC Financial Services Group, Inc. (NYSE:PNC) to report earnings on July, 13. They expect $2.62 earnings per share, up 24.76 % or $0.52 from last year’s $2.1 per share. PNC’s profit will be $1.23B for 13.75 P/E if the $2.62 EPS becomes a reality. After $2.43 actual earnings per share reported by The PNC Financial Services Group, Inc. for the previous quarter, Wall Street now forecasts 7.82 % EPS growth.

The PNC Financial Services Group, Inc. operates as a diversified financial services firm in the United States and internationally. The company has market cap of $67.74 billion. The companyÂ’s Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business clients through branch network, ATMs, call centers, online banking, and mobile channels. It has a 13.31 P/E ratio. As of December 31, 2016, this segment operated a network of 2,520 branches and 9,024 ATMs.

The PNC Financial Services Group, Inc. (NYSE:PNC) Institutional Positions Chart

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