PNC Financial Services Group Inc (NYSE:PNC) has been given an average rating of “Hold” by the twenty-six brokerages that are covering the stock, MarketBeat reports. Eighteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $147.92.
A number of research analysts recently weighed in on the stock. 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 research note on Friday, February 2nd. BMO Capital Markets restated a “buy” rating on shares of PNC Financial Services Group in a research note on Thursday, January 25th. Oppenheimer restated a “hold” rating on shares of PNC Financial Services Group in a research note on Tuesday, January 16th. Argus lifted their target price on shares of PNC Financial Services Group to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada lifted their target price on shares of PNC Financial Services Group to $170.00 and gave the company an “average” rating in a research note on Friday, January 12th.
In other news, insider E William Parsley III sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $138.68, for a total value of $3,467,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $140.98, for a total transaction of $704,900.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,894 shares of company stock worth $14,897,513. Corporate insiders own 0.43% of the company’s stock.
PNC Financial Services Group (NYSE PNC) opened at $149.38 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.94. PNC Financial Services Group has a one year low of $115.25 and a one year high of $160.07. The firm has a market cap of $71,080.00, a price-to-earnings ratio of 14.32, a P/E/G ratio of 1.45 and a beta of 0.93.
PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the company earned $1.97 EPS. PNC Financial Services Group’s revenue for the quarter was up 10.0% on a year-over-year basis. research analysts expect that PNC Financial Services Group will post 10.38 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, January 16th. PNC Financial Services Group’s payout ratio is currently 28.76%.
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About PNC Financial Services Group
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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