Weekly Investment Analysts’ Ratings Changes for PNC Financial Services Group, Inc. (The) (PNC)

Weekly Investment Analysts’ Ratings Changes for PNC Financial Services Group, Inc. (The) (PNC)

Several analysts have recently updated their ratings and price targets for PNC Financial Services Group, Inc. (The) (NYSE: PNC):

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) opened at 121.64 on Monday. The firm has a 50-day moving average of $117.43 and a 200 day moving average of $98.52. The stock has a market capitalization of $59.00 billion, a PE ratio of 16.66 and a beta of 0.89. PNC Financial Services Group, Inc. has a 1-year low of $77.40 and a 1-year high of $121.98.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last posted its quarterly earnings data on Friday, January 13th. The company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.12. The business earned $3.83 billion during the quarter. PNC Financial Services Group, Inc. (The) had a net margin of 23.90% and a return on equity of 8.96%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $1.87 earnings per share. On average, equities analysts anticipate that PNC Financial Services Group, Inc. will post $7.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, February 5th. Stockholders of record on Tuesday, January 17th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, January 12th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 30.10%.

In related news, insider Wyk Steven C. Van sold 1,000 shares of the stock in a transaction that occurred on Friday, January 20th. The shares were sold at an average price of $116.85, for a total transaction of $116,850.00. Following the completion of the sale, the insider now directly owns 17,529 shares of the company’s stock, valued at $2,048,263.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William S. Demchak sold 179,809 shares of the stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $107.61, for a total transaction of $19,349,246.49. Following the sale, the chief executive officer now directly owns 531,755 shares of the company’s stock, valued at $57,222,155.55. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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