PNC Financial Services Group Inc (NYSE:PNC) insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $140.98, for a total transaction of $704,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Thursday, October 19th, Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock. The shares were sold at an average price of $135.00, for a total transaction of $675,000.00.

PNC Financial Services Group Inc (NYSE:PNC) traded down $1.41 during midday trading on Tuesday, reaching $142.43. 1,602,211 shares of the company traded hands, compared to its average volume of 2,199,870. The stock has a market capitalization of $67,087.95, a PE ratio of 17.22, a P/E/G ratio of 1.88 and a beta of 0.90. PNC Financial Services Group Inc has a 52-week low of $110.84 and a 52-week high of $145.66. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24.

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

The business also recently announced a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were issued a $0.75 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $3.00 dividend on an annualized basis and a yield of 2.11%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 36.63%.

Several equities analysts have issued reports on PNC shares. Zacks Investment Research downgraded shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. UBS upped their price objective on shares of PNC Financial Services Group from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, October 16th. Wells Fargo & Company set a $135.00 price objective on shares of PNC Financial Services Group and gave the company a “hold” rating in a research note on Thursday, October 19th. Royal Bank Of Canada upped their target price on shares of PNC Financial Services Group from $130.00 to $145.00 and gave the company a “top pick” rating in a report on Monday, October 16th. Finally, BidaskClub cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Sixteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $136.13.

A number of institutional investors have recently modified their holdings of PNC. FMR LLC increased its holdings in PNC Financial Services Group by 13.9% in 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 in the last quarter. Principal Financial Group Inc. grew its position in shares of PNC Financial Services Group by 240.4% in the second quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock valued at $298,281,000 after purchasing an additional 1,686,944 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of PNC Financial Services Group by 2,624.0% in the second quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock valued at $213,239,000 after purchasing an additional 1,645,007 shares during the last quarter. Koch Industries Inc. grew its position in shares of PNC Financial Services Group by 78,828.1% in the second quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock valued at $1,340,000 after purchasing an additional 1,348,748 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of PNC Financial Services Group by 7.4% in 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 purchasing an additional 875,164 shares during the last quarter. 81.57% of the stock is owned by institutional investors.

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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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