PNC Financial Services Group, Inc. (The) (NYSE:PNC) insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Wyk Steven C. Van also recently made the following trade(s):

  • On Wednesday, July 26th, Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group, Inc. (The) stock. The stock was sold at an average price of $128.31, for a total transaction of $641,550.00.

PNC Financial Services Group, Inc. (NYSE PNC) traded down 0.13% during trading on Monday, hitting $136.77. 1,233,890 shares of the company traded hands. PNC Financial Services Group, Inc. has a 12-month low of $92.37 and a 12-month high of $137.71. The stock has a 50-day moving average price of $131.66 and a 200-day moving average price of $125.66. The firm has a market capitalization of $65.10 billion, a P/E ratio of 16.72 and a beta of 0.95.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.03. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. PNC Financial Services Group, Inc. (The)’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 EPS. Equities analysts expect that PNC Financial Services Group, Inc. will post $8.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, November 5th. Investors of record on Tuesday, October 17th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, October 16th. PNC Financial Services Group, Inc. (The)’s payout ratio is currently 36.63%.

PNC Financial Services Group, Inc. (The) announced that its board has approved a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $2.70 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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Several analysts have commented on the stock. Nomura restated a “hold” rating and set a $135.00 target price (up from $132.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Monday. J P Morgan Chase & Co restated an “overweight” rating and set a $139.50 target price (up from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a report on Friday, October 6th. Citigroup Inc. restated a “neutral” rating and set a $144.00 target price (up from $125.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, October 9th. Zacks Investment Research upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a report on Tuesday, October 10th. Finally, Instinet restated a “neutral” rating and set a $132.00 target price (up from $129.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Saturday, September 30th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $133.85.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its position in PNC Financial Services Group, Inc. (The) by 1,365.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after buying an additional 710 shares during the last quarter. Tower Research Capital LLC TRC raised its position in PNC Financial Services Group, Inc. (The) by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after buying an additional 91 shares during the last quarter. First Interstate Bank raised its position in PNC Financial Services Group, Inc. (The) by 34.0% in the 1st quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock valued at $115,000 after buying an additional 243 shares during the last quarter. Atlantic Trust LLC purchased a new stake in PNC Financial Services Group, Inc. (The) in the 2nd quarter valued at $129,000. Finally, Quadrant Capital Group LLC raised its position in PNC Financial Services Group, Inc. (The) by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after buying an additional 4 shares during the last quarter. 80.79% of the stock is owned by institutional investors and hedge funds.

About PNC Financial Services Group, Inc. (The)

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Insider Buying and Selling by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

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