Insider Selling: PNC Financial Services Group EVP Unloads 2,000 Shares of Stock (PNC)
PNC Financial Services Group (NYSE:PNC) EVP Joan Gulley sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.04, for a total value of $154,080.00. Following the completion of the transaction, the executive vice president now directly owns 12,696 shares of the company’s stock, valued at approximately $978,100. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Evercore Partners downgraded shares of PNC Financial Services Group from an “overweight” rating to an “equal weight” rating in a research note to investors on Monday, December 16th. They now have a $81.00 price target on the stock, up previously from $79.00. Separately, analysts at Guggenheim raised their price target on shares of PNC Financial Services Group from $90.00 to $95.00 in a research note to investors on Tuesday, December 3rd. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PNC Financial Services Group in a research note to investors on Friday, November 22nd. They now have a $80.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $79.08.
PNC Financial Services Group (NYSE:PNC) traded up 0.90% during mid-day trading on Monday, hitting $77.65. The stock had a trading volume of 1,230,643 shares. PNC Financial Services Group has a one year low of $58.96 and a one year high of $78.36. The stock has a 50-day moving average of $76.28 and a 200-day moving average of $74.66. The company has a market cap of $41.318 billion and a P/E ratio of 11.33.
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. On average, analysts predict that PNC Financial Services Group will post $7.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, February 5th. Investors of record on Wednesday, January 15th will be paid a dividend of 0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, January 13th.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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