PNC Financial Services Group Director Lorene Steffes Unloads 2,000 Shares (PNC)
PNC Financial Services Group (NYSE:PNC) Director Lorene Steffes sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $75.74, for a total transaction of $151,480.00. Following the transaction, the director now directly owns 2,041 shares in the company, valued at approximately $154,585. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of PNC Financial Services Group (NYSE:PNC) traded down 0.52% during mid-day trading on Wednesday, hitting $74.81. The stock had a trading volume of 1,615,509 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 $39.799 billion and a P/E ratio of 11.07.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, October 16th. The company reported $1.79 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.64 earnings per share. PNC Financial Services Group’s revenue was down 4.1% compared to the same quarter last year. On average, analysts predict that PNC Financial Services Group will post $7.18 earnings per share 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 2.35%. The ex-dividend date is Thursday, October 10th.
A number of research firms have recently commented on PNC. Analysts at Goldman Sachs Group Inc. raised their price target on shares of PNC Financial Services Group from $79.00 to $80.00 in a research note to investors on Monday, October 21st. They now have a “neutral” rating on the stock. Separately, 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, October 17th. They now have a “buy” rating on the stock. Finally, 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, October 17th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $78.74.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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