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.
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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