PNC Financial Services Group EVP E William Parsley III Unloads 75,000 Shares (PNC)
PNC Financial Services Group (NYSE:PNC) EVP E William Parsley III sold 75,000 shares of PNC Financial Services Group stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $73.21, for a total value of $5,490,750.00. Following the sale, the executive vice president now directly owns 51,287 shares in the company. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on PNC shares. Analysts at BMO Capital Markets reiterated a “hold” rating on shares of PNC Financial Services Group (NYSE:PNC) in a research note to investors on Thursday. They now have a $78.00 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of PNC Financial Services Group (NYSE:PNC) from $82.00 to $83.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PNC Financial Services Group (NYSE:PNC) in a research note to investors on Thursday, August 29th. They now have a $76.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.81.
PNC Financial Services Group (NYSE:PNC) traded up 0.19% on Friday, hitting $73.25. The stock had a trading volume of 1,379,577 shares. PNC Financial Services Group has a 52 week low of $53.36 and a 52 week high of $77.93. The stock’s 50-day moving average is $74.65 and its 200-day moving average is $70.70. The company has a market cap of $38.933 billion and a price-to-earnings ratio of 11.02.
PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $1.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.36. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the company posted $0.98 earnings per share. PNC Financial Services Group’s revenue was up 12.2% compared to the same quarter last year. On average, analysts predict that PNC Financial Services Group will post $7.02 earnings per share for the current fiscal year.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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