Equities analysts expect PNC Financial Services Group, Inc. (The) (NYSE:PNC) to announce sales of $4.16 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for PNC Financial Services Group, Inc. (The)’s earnings. The highest sales estimate is $4.26 billion and the lowest is $4.10 billion. PNC Financial Services Group, Inc. (The) posted sales of $3.87 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The company is scheduled to report its next quarterly earnings results on Friday, January 12th.

According to Zacks, analysts expect that PNC Financial Services Group, Inc. (The) will report full year sales of $4.16 billion for the current fiscal year, with estimates ranging from $16.17 billion to $16.48 billion. For the next year, analysts anticipate that the business will report sales of $17.12 billion per share, with estimates ranging from $16.78 billion to $17.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for PNC Financial Services Group, Inc. (The).

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.03. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 EPS.

A number of research analysts have weighed in on the stock. Piper Jaffray Companies boosted their price objective on shares of PNC Financial Services Group, Inc. (The) from $134.00 to $147.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Royal Bank Of Canada reiterated a “buy” rating on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, October 16th. Nomura boosted their price objective on shares of PNC Financial Services Group, Inc. (The) from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. Barclays PLC boosted their price objective on shares of PNC Financial Services Group, Inc. (The) from $132.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, October 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $129.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. PNC Financial Services Group, Inc. (The) currently has a consensus rating of “Hold” and an average target price of $133.70.

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PNC Financial Services Group, Inc. (PNC) opened at 136.95 on Monday. The company has a market cap of $65.19 billion, a price-to-earnings ratio of 16.75 and a beta of 0.95. The stock has a 50 day moving average of $131.66 and a 200-day moving average of $125.66. PNC Financial Services Group, Inc. has a one year low of $92.37 and a one year high of $137.71.

PNC Financial Services Group, Inc. (The) announced that its board has authorized a share buyback program on Wednesday, June 28th that allows the company to repurchase $2.70 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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

In other PNC Financial Services Group, Inc. (The) news, insider Wyk Steven C. Van sold 5,000 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $128.31, for a total transaction of $641,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of PNC Financial Services Group, Inc. (The) by 1.8% during the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock valued at $4,065,151,000 after buying an additional 589,235 shares during the last quarter. BlackRock Inc. lifted its position in shares of PNC Financial Services Group, Inc. (The) by 1.3% during the second quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock valued at $3,430,820,000 after buying an additional 341,222 shares during the last quarter. FMR LLC lifted its position in shares of PNC Financial Services Group, Inc. (The) by 13.9% during the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after buying an additional 1,915,923 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of PNC Financial Services Group, Inc. (The) by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after buying an additional 875,164 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of PNC Financial Services Group, Inc. (The) by 6.9% during the second quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock valued at $1,262,761,000 after buying an additional 654,997 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.

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Earnings History and Estimates for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

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