PNC Financial Services Group EVP Unloads $157,900 in Stock (PNC)
PNC Financial Services Group (NYSE:PNC) EVP Orlando C. Esposito sold 2,000 shares of PNC Financial Services Group stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $78.95, for a total transaction of $157,900.00. Following the completion of the sale, the executive vice president now directly owns 11,773 shares in the company, valued at approximately $929,478. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
PNC Financial Services Group (NYSE:PNC) traded down 1.78% on Monday, hitting $77.37. 1,543,088 shares of the company’s stock traded hands. PNC Financial Services Group has a 52 week low of $59.09 and a 52 week high of $79.29. The stock’s 50-day moving average is $76.71 and its 200-day moving average is $74.97. The company has a market cap of $41.169 billion and a P/E ratio of 11.60. PNC Financial Services Group also was the target of some unusual options trading activity on Friday. Traders acquired 35,467 call options on the company. This represents an increase of approximately 1,431% compared to the average volume of 2,317 call options.
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 announced a quarterly dividend, which is scheduled for Wednesday, February 5th. Shareholders 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 2.27%. The ex-dividend date is Monday, January 13th.
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 assigned a buy rating and one has assigned a strong buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $79.38.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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