Financial services

Robert A. Niblock Acquires 2,000 Shares of The PNC Financial Services Group, Inc. (NYSE: PNC)


PNC Financial Services Group, Inc. (NYSE: PNC – Get Rating) Director Robert A. Niblock acquired 2,000 shares of The PNC Financial Services Group in a transaction dated Friday, May 6. The shares were acquired at an average price of $167.07 per share, with a total value of $334,140.00. As a result of the transaction, the administrator now owns 6,063 shares of the company, valued at approximately $1,012,945.41. The acquisition was disclosed in a document filed with the SEC, accessible via this link.

NYSE: PNC fell $2.28 during midday trading on Tuesday, hitting $161.39. 76,094 shares of the company have been traded, compared to its average volume of 2,422,918. The company has a current ratio of 0.75, a quick ratio of 0.78 and a debt ratio of 0.54. The company has a 50-day moving average of $181.81 and a two-hundred-day moving average of $197.67. The company has a market cap of $67.53 billion, a price-to-earnings ratio of 13.85, a growth price-to-earnings ratio of 2.33, and a beta of 1.24. PNC Financial Services Group, Inc. has a 12-month low of $162.70 and a 12-month high of $228.14.

PNC Financial Services Group (NYSE:PNC – Get Rating) last released its results on Thursday, April 14. The financial services provider reported EPS of $3.23 for the quarter, beating the consensus estimate of $2.78 by $0.45. The PNC Financial Services group achieved a net margin of 26.14% and a return on equity of 12.43%. The company posted revenue of $4.69 billion in the quarter, versus $4.72 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $4.10. The company’s quarterly revenue increased by 11.2% compared to the same quarter last year. As a group, equity research analysts expect PNC Financial Services Group, Inc. to post earnings per share of 14.03 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 5. Shareholders of record on Wednesday, April 13 received a dividend of $1.50. The ex-dividend date was Tuesday, April 12. This represents a dividend of $6.00 on an annualized basis and a dividend yield of 3.72%. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.25. The dividend payout ratio (DPR) of the PNC Financial Services group is currently 50.76%.

A number of equity research analysts have recently released reports on the stock. Zacks Investment Research has downgraded shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a price target of $221.00 for the stock. in a report on Thursday, January 20. Morgan Stanley lowered its price target on PNC Financial Services Group from $209.00 to $196.00 and set an “underweight” rating on the stock in a Monday, March 28 research note. JPMorgan Chase & Co. raised its price target on shares of PNC Financial Services Group from $229.50 to $232.50 in a Thursday, February 3, research note. StockNews.com began covering shares of PNC Financial Services Group in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Finally, Robert W. Baird raised his price target on PNC Financial Services Group from $200.00 to $230.00 in a research report on Wednesday, January 19. One research analyst has assigned the stock a sell rating, eleven have assigned a hold rating and eight have assigned the stock a buy rating. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $219.53.

Institutional investors have recently changed their stake in the company. Citizens National Bank Trust Department purchased a new stake in shares of The PNC Financial Services Group during the fourth quarter for a value of $28,000. Retirement Planning Co of New England Inc. acquired a new position in The PNC Financial Services Group during Q4, valued at approximately $30,000. D Orazio & Associates Inc. bought a new stock position in The PNC Financial Services Group in Q3, valued at around $31,000. Guardian Wealth Management Inc. bought a new position in The PNC Financial Services Group in the fourth quarter worth approximately $32,000. Finally, Kozak & Associates Inc. acquired a new stake in The PNC Financial Services Group during Q3 for $34,000. Institutional investors and hedge funds hold 83.54% of the company’s shares.

PNC Financial Services Group Company Profile (Get an assessment)

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The Company’s Retail Banking segment offers brokerage, insurance, investment and cash management services; checking, savings and money market accounts; certificates of deposit; and lending products, which include residential mortgages, home equity loans and lines of credit, auto loans, education loans and personal and small business loans, as well as consumer credit cards and to small businesses through a network of branches, ATMs, call centers, and online and mobile banking channels.

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