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.