PNC Financial Services Group Inc (NYSE:PNC) EVP Sells $3,044,000.00 in Stock

PNC Financial Services Group Inc (NYSE:PNC) EVP E William Parsley III sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $152.20, for a total transaction of $3,044,000.00.

Shares of PNC stock traded up $2.19 on Friday, hitting $154.39. The company’s stock had a trading volume of 1,327,474 shares, compared to its average volume of 1,978,323. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.88 and a quick ratio of 0.87. PNC Financial Services Group Inc has a fifty-two week low of $108.45 and a fifty-two week high of $154.75. The firm’s fifty day moving average price is $149.71 and its 200-day moving average price is $138.84. The stock has a market capitalization of $68.22 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.85 and a beta of 1.14.

PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $2.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.80 by $0.14. The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.41 billion. PNC Financial Services Group had a net margin of 24.96% and a return on equity of 10.94%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.82 earnings per share. Analysts predict that PNC Financial Services Group Inc will post 11.35 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. Sigma Planning Corp raised its holdings in PNC Financial Services Group by 9.0% in the 3rd quarter. Sigma Planning Corp now owns 10,128 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 838 shares during the period. Institute for Wealth Management LLC. increased its stake in shares of PNC Financial Services Group by 3.6% in the second quarter. Institute for Wealth Management LLC. now owns 2,902 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 101 shares during the period. Tiverton Asset Management LLC increased its stake in shares of PNC Financial Services Group by 21.4% in the second quarter. Tiverton Asset Management LLC now owns 20,769 shares of the financial services provider’s stock worth $2,851,000 after purchasing an additional 3,665 shares during the period. Lowe Brockenbrough & Co. Inc. lifted its position in shares of PNC Financial Services Group by 1.8% during the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 65,323 shares of the financial services provider’s stock worth $8,968,000 after purchasing an additional 1,165 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new position in shares of PNC Financial Services Group during the 2nd quarter worth about $801,000. 79.43% of the stock is owned by institutional investors.

PNC has been the subject of a number of research reports. Odeon Capital Group began coverage on PNC Financial Services Group in a research report on Monday, November 25th. They set a “hold” rating for the company. Zacks Investment Research lowered PNC Financial Services Group from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a research report on Tuesday, October 1st. Robert W. Baird set a $141.00 price target on PNC Financial Services Group and gave the stock a “buy” rating in a research note on Monday, August 26th. Wells Fargo & Co raised their price target on PNC Financial Services Group from $134.00 to $147.00 and gave the stock a “market perform” rating in a research note on Thursday, October 17th. Finally, UBS Group lifted their price target on PNC Financial Services Group from $142.00 to $146.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. PNC Financial Services Group presently has an average rating of “Hold” and a consensus target price of $144.17.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, 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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Insider Buying and Selling by Quarter for PNC Financial Services Group (NYSE:PNC)

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