PNC Financial Services Group Inc. (PNC) Declares Quarterly Dividend of $0.44
PNC Financial Services Group (NYSE:PNC) announced a quarterly dividend on Thursday, October 3rd, Stock Ratings Network.com reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.44 per share on Tuesday, November 5th. This represents a $1.76 annualized dividend and a dividend yield of 2.42%.
PNC has been the subject of a number of recent research reports. 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 Monday. They now have a $78.00 price target on the stock. On a related note, analysts at Guggenheim cut their price target on shares of PNC Financial Services Group (NYSE:PNC) from $98.00 to $90.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of PNC Financial Services Group (NYSE:PNC) from $80.50 to $82.50 in a research note to investors on Wednesday, September 18th. They now have an “overweight” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $78.33.
Shares of PNC Financial Services Group (NYSE:PNC) traded down 0.21% on Thursday, hitting $72.53. The stock had a trading volume of 552,552 shares. PNC Financial Services Group has a one year low of $53.36 and a one year high of $77.93. The stock’s 50-day moving average is $73.60 and its 200-day moving average is $71.60. The company has a market cap of $38.550 billion and a P/E ratio of 10.95.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, July 17th. The company reported $1.99 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts expect that PNC Financial Services Group will post $7.01 EPS for the current fiscal year.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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