Media stories about PNC Financial Services Group (NYSE:PNC) have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by analyzing more than 6,000 news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. PNC Financial Services Group earned a news sentiment score of 0.67 on their scale. InfoTrie also gave media stories about the financial services provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted PNC Financial Services Group’s ranking:
- Harris Williams Enhances Senior Capabilities Across the Firm (finance.yahoo.com)
- Bank of America Lowers PNC Financial Services Group (PNC) to Neutral (americanbankingnews.com)
- FY2018 Earnings Forecast for PNC Financial Services Group Inc (PNC) Issued By Jefferies Financial Group (americanbankingnews.com)
- PNC Financial Services (PNC) Reports Next Week: Wall Street Expects Earnings Growth (finance.yahoo.com)
- PNC Bank sells former regional office for $14M (finance.yahoo.com)
A number of equities analysts have recently issued reports on PNC shares. Deutsche Bank raised PNC Financial Services Group from a “hold” rating to a “buy” rating in a research report on Monday, October 15th. Vining Sparks reaffirmed a “buy” rating and set a $160.00 price target on shares of PNC Financial Services Group in a research report on Tuesday, October 9th. Morgan Stanley dropped their price objective on shares of PNC Financial Services Group from $168.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, October 15th. Barclays dropped their price objective on shares of PNC Financial Services Group from $173.00 to $156.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Finally, ValuEngine raised shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $149.54.
PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $0.09. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.32 billion. PNC Financial Services Group had a net margin of 30.97% and a return on equity of 10.88%. During the same period in the previous year, the company earned $2.16 earnings per share. Sell-side analysts anticipate that PNC Financial Services Group will post 10.74 EPS for the current fiscal year.
PNC Financial Services Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 8th that authorizes the company to buyback $900.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 5th. Stockholders of record on Thursday, January 17th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Wednesday, January 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 44.71%.
PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
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