Analysts expect PNC Financial Services Group Inc (NYSE:PNC) to post $2.35 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for PNC Financial Services Group’s earnings, with the lowest EPS estimate coming in at $2.13 and the highest estimate coming in at $2.48. PNC Financial Services Group posted earnings of $1.96 per share during the same quarter last year, which suggests a positive year over year growth rate of 19.9%. The business is scheduled to report its next earnings results on Thursday, April 12th.

According to Zacks, analysts expect that PNC Financial Services Group will report full year earnings of $10.21 per share for the current year, with EPS estimates ranging from $9.26 to $10.90. For the next financial year, analysts anticipate that the business will report earnings of $11.30 per share, with EPS estimates ranging from $10.12 to $12.46. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow PNC Financial Services Group.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, beating the 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 business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $1.97 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis.

Several equities analysts recently weighed in on PNC shares. Zacks Investment Research raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, December 26th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $151.00 price objective on shares of PNC Financial Services Group in a research report on Monday, December 4th. Nomura lifted their price objective on shares of PNC Financial Services Group from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $162.00 price objective on shares of PNC Financial Services Group in a research report on Friday, December 22nd. Finally, Wells Fargo & Co set a $149.00 price objective on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Eighteen 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 an average rating of “Hold” and an average target price of $144.02.

PNC Financial Services Group (NYSE PNC) traded down $0.52 during trading hours on Friday, hitting $153.71. 2,680,000 shares of the company traded hands, compared to its average volume of 2,613,542. PNC Financial Services Group has a twelve month low of $115.04 and a twelve month high of $154.93. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $73,140.00, a PE ratio of 14.74, a PEG ratio of 1.47 and a beta of 0.90.

The firm 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 dividend on an annualized basis and a dividend yield of 1.95%. PNC Financial Services Group’s payout ratio is presently 28.76%.

In related news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $140.98, for a total value of $704,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $136.98, for a total value of $429,432.30. Following the completion of the transaction, the insider now directly owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. In the last three months, insiders sold 103,523 shares of company stock valued at $14,717,168. 0.43% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in PNC Financial Services Group by 0.3% in the second quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 4 shares in the last quarter. Green Square Capital LLC raised its stake in PNC Financial Services Group by 0.4% in the second quarter. Green Square Capital LLC now owns 4,147 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 18 shares in the last quarter. Cetera Investment Advisers raised its stake in PNC Financial Services Group by 2.0% in the second quarter. Cetera Investment Advisers now owns 2,364 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 46 shares in the last quarter. Moors & Cabot Inc. raised its stake in PNC Financial Services Group by 0.4% in the second quarter. Moors & Cabot Inc. now owns 13,115 shares of the financial services provider’s stock valued at $1,635,000 after purchasing an additional 56 shares in the last quarter. Finally, ARGI Investment Services LLC raised its stake in PNC Financial Services Group by 0.7% in the second quarter. ARGI Investment Services LLC now owns 9,318 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 67 shares in the last quarter. 81.54% of the stock is 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.

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

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