PNC Financial Services Group Inc (NYSE:PNC) – Investment analysts at Jefferies Group decreased their Q1 2018 earnings estimates for shares of PNC Financial Services Group in a research note issued to investors on Monday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will earn $2.39 per share for the quarter, down from their prior forecast of $2.43. Jefferies Group also issued estimates for PNC Financial Services Group’s Q3 2018 earnings at $2.76 EPS and Q4 2018 earnings at $2.81 EPS.

Several other brokerages have also issued reports on PNC. Oppenheimer reiterated a “hold” rating on shares of PNC Financial Services Group in a research note on Tuesday. Argus increased their price target on shares of PNC Financial Services Group to $170.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada increased their price target on shares of PNC Financial Services Group to $170.00 and gave the stock an “average” rating in a research note on Friday, January 12th. Wells Fargo & Co set a $157.00 price target on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research note on Tuesday. Finally, ValuEngine lowered shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Eighteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. PNC Financial Services Group has a consensus rating of “Hold” and a consensus target price of $144.02.

PNC Financial Services Group (NYSE:PNC) opened at $154.23 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $73,380.00, a PE ratio of 14.79, a P/E/G ratio of 1.48 and a beta of 0.90. PNC Financial Services Group has a 12 month low of $113.66 and a 12 month high of $154.93.

PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the company posted $1.97 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, January 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.95%. PNC Financial Services Group’s dividend payout ratio is currently 12.46%.

In other news, insider E William Parsley III sold 46,307 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $143.43, for a total transaction of $6,641,813.01. Following the sale, the insider now owns 132,544 shares of the company’s stock, valued at approximately $19,010,785.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Orlando C. Esposito sold 4,505 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $138.85, for a total transaction of $625,519.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,523 shares of company stock valued at $14,717,168. 0.43% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Cullinan Associates Inc. raised its position in shares of PNC Financial Services Group by 11.3% during the fourth quarter. Cullinan Associates Inc. now owns 31,580 shares of the financial services provider’s stock valued at $4,557,000 after buying an additional 3,200 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of PNC Financial Services Group by 11.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,878,104 shares of the financial services provider’s stock valued at $270,992,000 after buying an additional 193,195 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of PNC Financial Services Group during the fourth quarter valued at approximately $276,000. National Pension Service raised its position in shares of PNC Financial Services Group by 1.2% during the fourth quarter. National Pension Service now owns 416,786 shares of the financial services provider’s stock valued at $60,138,000 after buying an additional 4,881 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of PNC Financial Services Group by 8.1% during the fourth quarter. Bank of Montreal Can now owns 1,681,159 shares of the financial services provider’s stock valued at $242,575,000 after buying an additional 126,061 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for PNC Financial Services Group (NYSE:PNC)

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