Insider Selling: PNC Financial Services Group Chairman Sells 72,000 Shares of Stock (PNC)
PNC Financial Services Group (NYSE:PNC) Chairman Joseph C. Guyaux unloaded 72,000 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $85.59, for a total transaction of $6,162,480.00. Following the completion of the sale, the chairman now directly owns 53,253 shares of the company’s stock, valued at approximately $4,557,924. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
PNC Financial Services Group (NYSE:PNC) traded up 1.16% during mid-day trading on Thursday, hitting $86.67. The stock had a trading volume of 1,121,291 shares. PNC Financial Services Group has a 1-year low of $69.15 and a 1-year high of $88.03. The stock’s 50-day moving average is $84.12 and its 200-day moving average is $81.30. The company has a market cap of $46.293 billion and a price-to-earnings ratio of 11.46.
PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.16. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts expect that PNC Financial Services Group will post $7.19 EPS for the current fiscal year.
A number of analysts have recently weighed in on PNC shares. Analysts at Sterne Agee initiated coverage on shares of PNC Financial Services Group in a research note on Friday, May 30th. They set a “buy” rating and a $100.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of PNC Financial Services Group in a research note on Monday, May 19th. They now have a $87.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of PNC Financial Services Group in a research note on Wednesday, May 14th. They set a “buy” rating and a $105.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. PNC Financial Services Group presently has an average rating of “Buy” and an average price target of $90.25.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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