PNC Financial Services Group, Inc. (The) (NYSE:PNC) insider E William Parsley III sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total value of $3,467,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PNC Financial Services Group, Inc. (PNC) traded up $0.44 on Friday, hitting $141.00. 2,576,169 shares of the company were exchanged, compared to its average volume of 2,203,452. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. PNC Financial Services Group, Inc. has a 1-year low of $110.68 and a 1-year high of $143.16. The company has a market cap of $64,556.69, a PE ratio of 16.57, a P/E/G ratio of 1.81 and a beta of 0.91.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. PNC Financial Services Group had a net margin of 24.61% and a return on equity of 9.29%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the company earned $1.84 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. research analysts predict that PNC Financial Services Group, Inc. will post 8.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Monday, October 16th. PNC Financial Services Group’s dividend payout ratio is currently 36.63%.

A number of research firms have recently weighed in on PNC. BidaskClub downgraded PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reissued a “buy” rating on shares of PNC Financial Services Group in a research note on Monday, October 16th. Credit Suisse Group increased their price target on PNC Financial Services Group from $135.00 to $137.00 and gave the company a “neutral” rating in a research note on Monday, October 16th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Tuesday, October 31st. Finally, Instinet reissued a “neutral” rating and issued a $132.00 price target (up previously from $129.00) on shares of PNC Financial Services Group in a research note on Saturday, September 30th. Sixteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $135.93.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC increased its position in shares of PNC Financial Services Group 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in PNC Financial Services Group by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 91 shares in the last quarter. First Interstate Bank increased its holdings in PNC Financial Services Group by 2.6% during the 2nd quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 25 shares in the last quarter. Atlantic Trust LLC bought a new position in PNC Financial Services Group during the 2nd quarter worth about $129,000. Finally, Legacy Advisors LLC bought a new position in PNC Financial Services Group during the 3rd quarter worth about $136,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

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PNC Financial Services Group Company Profile

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 (NYSE:PNC)

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