PNC Financial Services Group EVP Sells $148,000 in Stock (PNC)
PNC Financial Services Group (NYSE:PNC) EVP Joan Gulley sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $74.00, for a total value of $148,000.00. Following the completion of the sale, the executive vice president now directly owns 18,696 shares of the company’s stock, valued at approximately $1,383,504. The transaction 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 Jefferies Group raised their price target on shares of PNC Financial Services Group from $83.00 to $84.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of PNC Financial Services Group from $78.00 to $80.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at BMO Capital Markets reiterated a “hold” rating on shares of PNC Financial Services Group in a research note to investors on Thursday. They now have a $78.00 price target on the stock. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $78.69.
PNC Financial Services Group (NYSE:PNC) traded up 1.10% on Thursday, hitting $74.68. 2,655,664 shares of the company’s stock traded hands. PNC Financial Services Group has a 1-year low of $53.36 and a 1-year high of $77.93. The stock has a 50-day moving average of $72.97 and a 200-day moving average of $72.01. The company has a market cap of $39.693 billion and a P/E ratio of 11.13.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, October 16th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.15. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Analysts expect that PNC Financial Services Group will post $7.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 5th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, October 10th.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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