PNC Financial Services Group Inc (NYSE:PNC) – Analysts at Jefferies Group lowered their Q1 2018 earnings per share (EPS) estimates for PNC Financial Services Group in a note issued to investors on Monday. Jefferies Group analyst K. Usdin now expects that the financial services provider will earn $2.39 per share for the quarter, down from their previous estimate of $2.43. Jefferies Group also issued estimates for PNC Financial Services Group’s Q3 2018 earnings at $2.76 EPS and Q4 2018 earnings at $2.81 EPS.

Other research analysts have also issued research reports about the company. Royal Bank of Canada reiterated a “buy” rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Credit Suisse Group increased their price target on PNC Financial Services Group from $135.00 to $137.00 and gave the stock a “neutral” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Tuesday, October 31st. Wells Fargo & Co set a $157.00 price target on PNC Financial Services Group and gave the stock a “hold” rating in a research note on Tuesday. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $134.00 price target on shares of PNC Financial Services Group in a research note on Wednesday, October 4th. Eighteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $144.02.

Shares of PNC Financial Services Group (PNC) traded up $0.94 during trading hours on Thursday, reaching $154.65. The company’s stock had a trading volume of 1,125,890 shares, compared to its average volume of 2,613,542. The company has a market capitalization of $73,140.00, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.47 and a beta of 0.90. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24. PNC Financial Services Group has a 1-year low of $115.04 and a 1-year high of $154.93.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.09. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.97 earnings per share.

Several institutional investors have recently bought and sold shares of PNC. FMR LLC increased its holdings in PNC Financial Services Group by 13.9% during the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after buying an additional 1,915,923 shares during the period. Principal Financial Group Inc. grew its holdings in PNC Financial Services Group by 240.4% in the second quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock worth $298,281,000 after purchasing an additional 1,686,944 shares during the last quarter. Janus Henderson Group PLC grew its holdings in PNC Financial Services Group by 2,624.0% in the second quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock worth $213,239,000 after purchasing an additional 1,645,007 shares during the last quarter. Koch Industries Inc. grew its holdings in shares of PNC Financial Services Group by 78,828.1% during the second quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock valued at $1,340,000 after buying an additional 1,348,748 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of PNC Financial Services Group by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after buying an additional 875,164 shares during the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Robert Q. Reilly sold 19,576 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the completion of the sale, the insider now owns 103,299 shares of the company’s stock, valued at $15,031,037.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the sale, the insider now directly owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,523 shares of company stock valued at $14,717,168. 0.43% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, January 16th. PNC Financial Services Group’s payout ratio is 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.

Earnings History and Estimates for PNC Financial Services Group (NYSE:PNC)

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