PNC Financial Services Group (NYSE:PNC) released its quarterly earnings data on Friday. The financial services provider reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.73 by $0.09, MarketWatch Earnings reports. PNC Financial Services Group had a return on equity of 10.33% and a net margin of 30.40%. During the same quarter in the prior year, the business earned $2.16 earnings per share.
Shares of NYSE:PNC opened at $124.26 on Friday. The company has a market cap of $63.23 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.24 and a beta of 0.92. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.90 and a current ratio of 0.91. PNC Financial Services Group has a 12-month low of $121.61 and a 12-month high of $163.59.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Wednesday, October 17th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $3.80 annualized dividend and a dividend yield of 3.06%. PNC Financial Services Group’s payout ratio is 44.71%.
In related news, EVP Robert Q. Reilly sold 24,710 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $140.49, for a total transaction of $3,471,507.90. Following the transaction, the executive vice president now owns 131,020 shares of the company’s stock, valued at $18,406,999.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martin Pfinsgraff bought 700 shares of the business’s stock in a transaction that occurred on Wednesday, July 18th. The shares were bought at an average cost of $142.15 per share, for a total transaction of $99,505.00. Following the transaction, the director now owns 1,050 shares of the company’s stock, valued at $149,257.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 58,957 shares of company stock worth $8,301,859. 0.38% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. ValuEngine downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Friday. Vining Sparks reaffirmed a “buy” rating and set a $160.00 target price on shares of PNC Financial Services Group in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $156.37.
About PNC Financial Services Group
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
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