PNC Financial Services Group Inc. Reaches New 12-Month High at $81.28 (PNC)
PNC Financial Services Group (NYSE:PNC)’s share price reached a new 52-week high on Thursday, Stock Ratings Network.com reports. The company traded as high as $81.28 and last traded at $80.77, with a volume of 3,074,715 shares traded. The stock had previously closed at $78.84.
A number of research firms have recently commented on PNC. 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. 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 investment 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 stock presently has a consensus rating of “Hold” and an average target price of $79.38.
In other PNC Financial Services Group news, EVP Orlando Esposito sold 2,000 shares of the stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of $78.95, for a total value of $157,900.00. Following the completion of the transaction, the executive vice president now directly owns 11,773 shares of the company’s stock, valued at approximately $929,478. The transaction was disclosed in a filing with the SEC, which is available at this link.
PNC Financial Services Group has a 52 week low of $60.37 and a 52 week high of $79.29. The stock has a 50-day moving average of $76.8 and a 200-day moving average of $75.03. The company has a market cap of $43.042 billion and a price-to-earnings ratio of 11.61.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Thursday, January 16th. The company reported $1.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.65 by $0.20. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter last year, the company posted $1.24 earnings per share. PNC Financial Services Group’s revenue was up .1% compared to the same quarter last year. 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 2.26%. 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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