Stephens Reports That They Have Downgraded PNC Financial (NYSE:PNC) Shares

Mae Love
December 7, 2017

About 695,550 shares traded or 4.95% up from the average. It has underperformed by 17.92% the S&P500. PNC Financial Services Group's payout ratio is 30.10%. (NYSE:PNC). Moreover, Wg Shaheen & Assocs Dba Whitney & Communications has 1.35% invested in The PNC Financial Services Group, Inc. The stock decreased 0.03% or $0.05 during the last trading session, reaching $143.79. 1,554,700 shares of the company's stock were exchanged, compared to its average volume of 2,197,134. (NYSE:PNC) has risen 35.14% since December 7, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.

Investors sentiment decreased to 1.35 in 2017 Q2. The stock has a market capitalization of $67,768.34, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90. Shamrock Asset Llc invested in 3,359 shares. 33 funds opened positions while 75 raised stakes. For the next financial year, analysts forecast that the firm will report earnings of $8.98 per share, with EPS estimates ranging from $8.79 to $9.15. Perhaps, that suggests something about why 82.83% of the outstanding share supply is held by institutional investors. 924,640 were reported by California State Teachers Retirement System. Aperio Group Limited Liability Com owns 259,650 shares for 0.2% of their portfolio. Bluecrest Capital Limited holds 0.07% in Premier, Inc. Cubist Systematic Strategies Lc holds 0.03% in Cintas Corporation (NASDAQ:CTAS) or 4,056 shares. Hsbc Holding Public Ltd Com holds 0.02% in VMware, Inc. Zacks Investment Research upgraded shares of PNC Financial Services Group from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Tuesday, September 5th. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. Insiders sold 42,640 shares of company stock valued at $5,901,852 in the last quarter. (NASDAQ:PINC). The Germany-based Deutsche Retail Bank Ag has invested 0.01% in Premier, Inc. Tortoise Invest Mngmt Limited Liability Com accumulated 19 shares. Arrowstreet Capital Limited Partnership, Massachusetts-based fund reported 270,900 shares.

Analysts await The PNC Financial Services Group, Inc. Therefore 23% are positive. The rating was maintained by Barclays Capital on Monday, October 16 with "Equal-Weight". The stock has "Mkt Perform" rating by Keefe Bruyette & Woods on Tuesday, November 29. Jefferies maintained VMware, Inc. The company has grown sales at a -1.10% annual rate over the past five years, putting it in the low growth category. On Thursday, June 22 the stock rating was maintained by BMO Capital Markets with "Buy". RBC Capital Markets has "Buy" rating and $13000 target. Jefferies has "Buy" rating and $129.0 target. The company was initiated on Wednesday, January 11 by UBS. The stock of Premier, Inc. The rating was downgraded by Daiwa Securities on Thursday, August 17 to "Hold". The insider DeVore Susan D. sold 40,000 shares worth $1.41M. (NYSE:DNR) to report earnings on February, 22. They expect $0.45 EPS, up 4.65% or $0.02 from last year's $0.43 per share. XOM's profit will be $4.19 billion for 20.78 P/E if the $0.99 EPS becomes a reality. The financial services provider reported $2.16 EPS for the quarter, topping analysts' consensus estimates of $2.13 by $0.03.

Texas Permanent School Fund increased Geo Group Inc New (NYSE:GEO) stake by 31,505 shares to 90,848 valued at $2.69M in 2017Q2. It also upped Platform Specialty Prods Cor (NYSE:PAH) stake by 708,950 shares and now owns 5.51 million shares. Travelport Worldwide Ltd (NYSE:TVPT) was raised too.

More notable recent The PNC Financial Services Group, Inc. The stock decreased 2.94% or $0.25 during the last trading session, reaching $8.25.

JPM trades at a forward P/E of 13.83, a P/B of 1.61, and a P/S of 6.04, compared to a forward P/E of 15.22, a P/B of 1.47, and a P/S of 6.53 for PNC. (NYSE:PNC) for 12,960 shares. Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is 0. Its up 0.09, from 0.84 in 2017Q1.

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Over the past three months, The PNC Financial Services Group, Inc. insiders have been net buyers, dumping a net of -70,231 shares. Looking at the stock's movement on the chart, The PNC Financial Services Group, Inc. recorded a 52-week high of $145.66. Shanda Asset Mngmt Holdings reported 57,920 shares. Howe & Rusling reported 50 shares stake. The prevailing figure will allow the investment community to determine the size of The PNC Financial Services Group, contrast to the sales or total assets figures. Finally, Canada Pension Plan Investment Board boosted its position in PNC Financial Services Group by 12.9% during the second quarter. Northern Tru holds 0.04% in Cintas Corporation (NASDAQ:CTAS) or 1.13M shares.

In recent action, The PNC Financial Services Group, Inc. Balyasny Asset Management Limited Liability reported 0% of its portfolio in The PNC Financial Services Group, Inc. KBW downgraded The PNC Financial Services Group, Inc. Grandeur Peak Ltd owns 801,689 shares. Boothbay Fund Limited Liability holds 2,490 shares or 0.06% of its portfolio. Stifel Finance invested in 0.03% or 90,439 shares. 8,591 were accumulated by Mycio Wealth Prtn Lc. Cibc World holds 68,388 shares.

New York-listed PNC Financial (NYSE:PNC) shares have been decreased by research analysts at Stephens. Therefore 45% are positive. PNC Financial Services had 79 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo on Thursday, August 10 with "Market Perform". The stock of Kellogg Company (NYSE:K) has "Neutral" rating given on Wednesday, April 26 by RBC Capital Markets. The firm earned "Hold" rating on Friday, September 1 by Stifel Nicolaus. The stock has "Neutral" rating by Nomura on Monday, October 10. The firm has "Buy" rating by Robert W. Baird given on Monday, August 28. Sixteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The rating was maintained by Stifel Nicolaus on Friday, June 2 with "Hold".

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