News coverage about PNC Financial Services Group (NYSE:PNC) has trended somewhat positive on Monday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. PNC Financial Services Group earned a news impact score of 0.67 on their scale. InfoTrie also gave headlines about the financial services provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected PNC Financial Services Group’s ranking:
- Harris Williams Enhances Senior Capabilities Across the Firm (finance.yahoo.com)
- Bank of America Lowers PNC Financial Services Group (PNC) to Neutral (americanbankingnews.com)
- FY2018 Earnings Forecast for PNC Financial Services Group Inc (PNC) Issued By Jefferies Financial Group (americanbankingnews.com)
- PNC Financial Services (PNC) Reports Next Week: Wall Street Expects Earnings Growth (finance.yahoo.com)
- PNC Bank sells former regional office for $14M (finance.yahoo.com)
Shares of PNC Financial Services Group stock opened at $120.05 on Monday. The stock has a market cap of $55.74 billion, a PE ratio of 14.12, a PEG ratio of 1.13 and a beta of 1.03. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.11. PNC Financial Services Group has a twelve month low of $108.45 and a twelve month high of $163.59.
PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.73 by $0.09. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.32 billion. PNC Financial Services Group had a return on equity of 10.88% and a net margin of 30.97%. During the same quarter last year, the business posted $2.16 earnings per share. Analysts anticipate that PNC Financial Services Group will post 10.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 5th. Stockholders of record on Thursday, January 17th will be given a dividend of $0.95 per share. The ex-dividend date is Wednesday, January 16th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. PNC Financial Services Group’s payout ratio is 44.71%.
PNC Financial Services Group declared that its Board of Directors has authorized a share buyback plan on Thursday, November 8th that permits the company to buyback $900.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of equities research analysts have commented on the company. Barclays decreased their price target on PNC Financial Services Group from $173.00 to $156.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Sanford C. Bernstein raised PNC Financial Services Group from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $158.00 to $145.00 in a report on Monday, October 15th. ValuEngine cut PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Bank of America cut PNC Financial Services Group from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, BMO Capital Markets cut PNC Financial Services Group from an “outperform” rating to a “market perform” rating and set a $139.00 price target on the stock. in a report on Monday, November 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $149.54.
PNC Financial Services Group Company Profile
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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