PNC Financial Services Group (PNC) Set to Announce Earnings on Thursday
PNC Financial Services Group (NYSE:PNC) is scheduled to be posting its quarterly earnings results on Thursday, January 16th. Investors interested in participating in the company’s conference call can do so using this link.
PNC Financial Services Group (NYSE:PNC) opened at 78.00 on Wednesday. PNC Financial Services Group has a 1-year low of $59.35 and a 1-year high of $79.29. The stock’s 50-day moving average is $76.76 and its 200-day moving average is $75.00. The company has a market cap of $41.504 billion and a P/E ratio of 11.39.
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 2.26%. The ex-dividend date of this dividend is Monday, January 13th.
Several analysts have recently commented on the stock. 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, January 10th. They now have a “neutral” rating on the stock. On a related note, 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 equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.38.
In other PNC Financial Services Group news, EVP Orlando Esposito unloaded 2,000 shares of PNC Financial Services Group stock on the open market 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 transaction, the executive vice president now directly owns 11,773 shares in the company, valued at approximately $929,478. The transaction was disclosed in a document filed with the SEC, which is available at this link.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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