Shares of PNC Financial Services Group Inc (NYSE:PNC) have been given a consensus rating of “Hold” by the twenty-six ratings firms that are presently covering the firm, MarketBeat.com reports. Eighteen research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $147.92.
Several equities analysts have recently issued reports on PNC shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $162.00 target price on shares of PNC Financial Services Group in a report on Friday, December 29th. Morgan Stanley lifted their target price on shares of PNC Financial Services Group from $165.00 to $168.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a 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 report on Thursday, January 4th. Finally, Credit Suisse Group reiterated a “hold” rating and set a $150.00 target price on shares of PNC Financial Services Group in a report on Friday, January 5th.
In related news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $140.98, for a total transaction of $704,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider E William Parsley III sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $138.68, for a total transaction of $3,467,000.00. The disclosure for this sale can be found here. Insiders have sold 103,894 shares of company stock valued at $14,897,513 in the last three months. 0.43% of the stock is owned by insiders.
Shares of PNC Financial Services Group (NYSE:PNC) opened at $149.38 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. PNC Financial Services Group has a 1-year low of $115.25 and a 1-year high of $160.07. The company has a market cap of $71,080.00, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93.
PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data 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 business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the business posted $1.97 earnings per share. PNC Financial Services Group’s quarterly revenue was up 10.0% compared to the same quarter last year. equities analysts anticipate that PNC Financial Services Group will post 10.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Wednesday, January 17th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is currently 28.76%.
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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