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

Check Out the Odds on The PNC Financial Services Group, Inc. (PNC), Fastenal Company (FAST)

(NYSE:PNC) has been trading recently. "PNC and its entire peer group is expecting 4 percent total (loan) growth, with 5 percent for C&I growth in 2018", Klock said. Narrowing in further, the stock has been recently noted at -4.91% away from the 30 day high and +13.35% separated from the 30 day low. Piper Jaffray Companies reaffirmed a "buy" rating and issued a $151.00 price objective on shares of PNC Financial Services Group in a report on Monday, December 4th. The firm has "Equal-Weight" rating given on Monday, July 17 by Morgan Stanley. With 1.54M avg volume, 3 days are for Pnc Financial Services Group (NYSE:PNC)'s short sellers to cover PNC's short positions. It is negative, as 55 investors sold The PNC Financial Services Group, Inc. shares while 364 reduced holdings. Nomura maintained The PNC Financial Services Group, Inc. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

In related news, insider Karen L. Larrimer sold 3,135 shares of the business's stock in a transaction dated Monday, October 30th. Quantitative Investment Ltd Liability owns 1.36 million shares for 0.55% of their portfolio. PNC Financial Services Group has a twelve month low of $113.66 and a twelve month high of $151.49. The current payout ratio for the stock is 28.96%, which means that the dividend is covered by earnings.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Thursday, January 11th. The firm had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $4.15 billion. Atlantic Trust LLC acquired a new stake in shares of PNC Financial Services Group in the 2nd quarter worth about $129,000. (The) by 10.6% in the third quarter. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.85 by $0.12. "The rating was upgraded by Bruyette & Woods;KBW; KBW" to "Mkt Perform" on Wednesday, September 2. Shareholders of record on Tuesday, January 17th will be given a dividend of $0.55 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.98%. Barclays Capital maintained the shares of PNC in report on Tuesday, January 2 with "Hold" rating. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Evercore upgraded the stock to "Buy" rating in Friday, April 1 report. The stock was sold at an average price of $116.85, for a total transaction of $116,850.00. Following the sale, the chief executive officer now directly owns 531,755 shares in the company, valued at approximately $57,222,155.55. The disclosure for this sale can be found here. Following the transaction, the insider now owns 103,299 shares in the company, valued at $15,031,037.49. The jump was driven by a "flow-through" benefit of the new tax law from PNC's $254 million equity stake in asset manager BlackRock. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 184,620 shares of the financial services provider's stock worth $24,901,000 after buying an additional 126,480 shares during the last quarter. Honeywell International Inc. grew its position in PNC Financial Services Group by 0.3% in the 2nd quarter. California Public Employees Retirement System increased its position in shares of PNC Financial Services Group by 1.6% during the 3rd quarter. They presently have a $150.00 target price on the financial services provider's stock. Finally, Capital World Investors boosted its stake in PNC Financial Services Group by 6.9% during the second quarter. Davis Selected Advisers now owns 307,362 shares of the financial services provider's stock valued at $38,380,000 after purchasing an additional 5,262 shares during the last quarter. (NYSE:PNC). Addenda Cap Inc stated it has 0.62% of its portfolio in The PNC Financial Services Group, Inc. First Interstate Bank now owns 982 shares of the financial services provider's stock worth $123,000 after acquiring an additional 25 shares during the period.

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Several other institutional investors have also sold shares of the company.

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