PNC Financial Services Group Sees Unusually Large Options Volume (PNC)
PNC Financial Services Group (NYSE:PNC) was the recipient of unusually large options trading activity on Friday. Stock investors purchased 35,467 call options on the company, American Banking News reports. This represents an increase of approximately 1,431% compared to the typical daily volume of 2,317 call options.
In other PNC Financial Services Group news, EVP Joan Gulley unloaded 2,000 shares of PNC Financial Services Group stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $77.04, for a total value of $154,080.00. Following the sale, the executive vice president now directly owns 12,696 shares in the company, valued at approximately $978,100. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
PNC has been the subject of a number of recent research reports. Analysts at UBS AG raised their price target on shares of PNC Financial Services Group from $75.00 to $82.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One 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’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $79.38.
Shares of PNC Financial Services Group (NYSE:PNC) traded down 0.53% on Friday, hitting $78.77. 1,975,876 shares of the company’s stock traded hands. PNC Financial Services Group has a one year low of $59.09 and a one year high of $79.29. The stock has a 50-day moving average of $76.62 and a 200-day moving average of $74.85. The company has a market cap of $41.914 billion and a price-to-earnings ratio of 11.66.
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. Analysts expect that PNC Financial Services Group will post $7.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, January 13th.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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