PNC Financial Services Group Inc (NYSE:PNC) was the recipient of unusually large options trading activity on Friday. Stock traders acquired 58,777 call options on the company. This represents an increase of approximately 4,521% compared to the average volume of 1,272 call options.

Shares of PNC Financial Services Group (NYSE:PNC) opened at $151.84 on Monday. PNC Financial Services Group has a 52-week low of $113.66 and a 52-week high of $153.50. The stock has a market cap of $72,245.63, a PE ratio of 14.60, a PEG ratio of 1.51 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 24.61% and a return on equity of 9.29%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business earned $1.97 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. sell-side analysts forecast that PNC Financial Services Group will post 9.89 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Wednesday, January 17th will be given a $0.75 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.98%. PNC Financial Services Group’s dividend payout ratio (DPR) is 17.79%.

In other news, insider E William Parsley III sold 46,307 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $143.43, for a total value of $6,641,813.01. Following the sale, the insider now owns 132,544 shares in the company, valued at $19,010,785.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Q. Reilly sold 19,576 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the completion of the sale, the insider now owns 103,299 shares in the company, valued at approximately $15,031,037.49. The disclosure for this sale can be found here. Insiders sold 108,523 shares of company stock worth $15,392,168 in the last quarter. Company insiders own 0.43% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PNC. FMR LLC grew its position in shares of 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 purchasing an additional 1,915,923 shares during the period. 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 period. Janus Henderson Group PLC lifted its stake 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 worth $213,239,000 after buying an additional 1,645,007 shares in the last quarter. Koch Industries Inc. lifted its stake 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 worth $1,340,000 after buying an additional 1,348,748 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 worth $1,592,394,000 after buying an additional 875,164 shares in the last quarter. Institutional investors and hedge funds own 81.49% of the company’s stock.

PNC has been the topic of several analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $162.00 price target on shares of PNC Financial Services Group in a research report on Friday, December 29th. Zacks Investment Research upgraded shares of 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 report on Tuesday, October 31st. Goldman Sachs Group lowered shares of PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Credit Suisse Group restated a “hold” rating and set a $150.00 price target on shares of PNC Financial Services Group in a research report on Friday, January 5th. Finally, UBS Group raised their price target on shares of PNC Financial Services Group from $133.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, October 16th. Seventeen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $142.33.

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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.

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