The PNC Financial Services Group, Inc. (NYSE:PNC) Director Martin Pfinsgraff Sells 859 Shares

The PNC Financial Services Group, Inc. (NYSE:PNC) Director Martin Pfinsgraff sold 859 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total transaction of $159,877.08. Following the transaction, the director now directly owns 915 shares of the company’s stock, valued at $170,299.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

The PNC Financial Services Group Trading Up 0.4 %

Shares of The PNC Financial Services Group stock opened at $188.94 on Friday. The business has a fifty day simple moving average of $181.96 and a two-hundred day simple moving average of $167.82. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $196.64. The company has a market capitalization of $75.18 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.98 and a beta of 1.14. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.19. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the firm posted $3.60 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts forecast that The PNC Financial Services Group, Inc. will post 13.34 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th will be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.39%. The ex-dividend date is Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio is 53.74%.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of PNC. Sound Income Strategies LLC lifted its holdings in shares of The PNC Financial Services Group by 23.8% during the first quarter. Sound Income Strategies LLC now owns 930 shares of the financial services provider’s stock worth $150,000 after buying an additional 179 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of The PNC Financial Services Group by 2.9% during the first quarter. Sunbelt Securities Inc. now owns 3,649 shares of the financial services provider’s stock worth $590,000 after buying an additional 103 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of The PNC Financial Services Group by 4.3% during the first quarter. Brookstone Capital Management now owns 12,650 shares of the financial services provider’s stock worth $2,044,000 after buying an additional 519 shares in the last quarter. Key Client Fiduciary Advisors LLC acquired a new stake in shares of The PNC Financial Services Group during the first quarter worth $268,000. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of The PNC Financial Services Group by 1.5% during the first quarter. Wealthcare Advisory Partners LLC now owns 4,972 shares of the financial services provider’s stock worth $804,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PNC has been the subject of several research reports. Keefe, Bruyette & Woods raised their price target on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 16th. Jefferies Financial Group raised their price target on shares of The PNC Financial Services Group from $162.00 to $164.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. The Goldman Sachs Group decreased their price target on shares of The PNC Financial Services Group from $189.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Bank of America raised shares of The PNC Financial Services Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $185.00 to $200.00 in a research note on Thursday, August 15th. Finally, Evercore ISI raised their target price on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $185.71.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.