PNC Financial Services Group Inc (NYSE:PNC) insider Michael J. Hannon sold 8,011 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $154.20, for a total value of $1,235,296.20. Following the transaction, the insider now directly owns 58,820 shares of the company’s stock, valued at $9,070,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

PNC Financial Services Group Inc (NYSE PNC) opened at $155.25 on Friday. PNC Financial Services Group Inc has a twelve month low of $115.25 and a twelve month high of $156.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market capitalization of $73,870.00, a price-to-earnings ratio of 14.88, a PEG ratio of 1.47 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the company earned $1.97 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. research analysts anticipate that PNC Financial Services Group Inc will post 10.21 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Stockholders 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 1.93%. The ex-dividend date is Tuesday, January 16th. PNC Financial Services Group’s payout ratio is currently 28.76%.

Several institutional investors have recently bought and sold shares of PNC. Vanguard Group Inc. raised its position in shares of PNC Financial Services Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock worth $4,065,151,000 after buying an additional 589,235 shares in the last quarter. BlackRock Inc. raised its position in shares of PNC Financial Services Group by 1.3% in the second quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock worth $3,430,820,000 after buying an additional 341,222 shares in the last quarter. FMR LLC raised its position in shares of PNC Financial Services Group by 13.9% in the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock worth $1,957,539,000 after buying an additional 1,915,923 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of PNC Financial Services Group by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock worth $1,592,394,000 after buying an additional 875,164 shares in the last quarter. Finally, Capital World Investors raised its position in shares of PNC Financial Services Group by 6.9% in the second quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock worth $1,262,761,000 after buying an additional 654,997 shares in the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on PNC. Nomura increased their price objective on PNC Financial Services Group from $132.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. ValuEngine lowered PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Wells Fargo & Co set a $157.00 price objective on PNC Financial Services Group and gave the company a “hold” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $139.50 price objective (up from $138.50) on shares of PNC Financial Services Group in a report on Friday, October 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $134.00 price objective on shares of PNC Financial Services Group in a report on Tuesday, October 3rd. Eighteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. PNC Financial Services Group currently has an average rating of “Hold” and a consensus price target of $144.02.

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PNC Financial Services Group Company Profile

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.

Insider Buying and Selling by Quarter for PNC Financial Services Group (NYSE:PNC)

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