Stock analysts expect PNC Financial Services Group, Inc. (NYSE: PNC) to report earnings of $ 3.62 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts made estimates for The PNC Financial Services Group earnings. The highest EPS estimate is $ 4.12 and the lowest is $ 3.20. PNC Financial Services Group reported earnings per share of $ 3.26 in the same quarter last year, suggesting a positive year-over-year growth rate of 11%. The company is expected to release its next results on Friday, January 21.
According to Zacks, analysts expect PNC Financial Services Group to report annual profit of $ 14.67 per share for the current year, with EPS estimates ranging from $ 13.04 to $ 15.99 . For next year, analysts predict the company will post earnings of $ 14.03 per share, with EPS estimates ranging from $ 13.04 to $ 14.85. Zacks’ EPS averages are an average based on a survey of analysts who follow The PNC Financial Services Group.
The PNC Financial Services Group (NYSE: PNC) last released its quarterly results on Thursday, October 14. The financial services provider reported earnings per share (EPS) of $ 3.75 for the quarter, beating analysts’ consensus estimates of $ 3.64 by $ 0.11. PNC Financial Services group recorded a return on equity of 12.60% and a net margin of 30.94%. The company posted revenue of $ 5.20 billion for the quarter, compared to a consensus estimate of $ 5.05 billion. During the same period of the previous year, the company posted earnings of $ 3.39 per share. The company’s quarterly revenue grew 21.4% year-over-year.
Several research companies have recently published reports on PNC. Citigroup downgraded the rating of PNC Financial Services group shares from a “buy” rating to a “neutral” rating in a report released on Friday, October 1. The Royal Bank of Canada raised its price target for The PNC Financial Services Group shares from $ 200.00 to $ 220.00 and assigned the share an “outperformance” rating in a report released on Monday 18th. October. Bank of America downgraded PNC Financial Services Group shares from a “buy” rating to a “neutral” rating in a report released on Friday, October 15. Jefferies Financial Group increased its price target on the PNC Financial Services Group from $ 201.00 to $ 221.00 and assigned the company a “conservation” rating in a research report published on Monday, October 11. Finally, Credit Suisse Group raised its price target on The PNC Financial Services Group from $ 195.00 to $ 201.00 and gave the stock a “neutral” rating in a research report published on Monday, October 18. . Thirteen research analysts rated the stock with a conservation rating and nine gave the company’s stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $ 203.31.
PNC Financial Services Group stock traded up $ 0.46 at noon on Wednesday, reaching $ 209.55. The company’s shares had a trading volume of 25,816 shares, compared to its average volume of 1,737,959. The company has a leverage ratio of 0.59, a current ratio of 0.80, and a rapid ratio. of 0.80. The stock has a market cap of $ 88.56 billion, a P / E ratio of 16.01, a PEG ratio of 0.84 and a beta of 1.38. The stock’s 50-day simple moving average is $ 202.75 and its 200-day simple moving average is $ 194.32. The PNC Financial Services Group has a 52 week minimum of $ 136.15 and a 52 week maximum of $ 217.60.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 5. Shareholders of record on Friday October 15 received a dividend of $ 1.25. The ex-dividend date was Thursday, October 14. This represents a dividend of $ 5.00 on an annualized basis and a return of 2.39%. The payout ratio of PNC Financial Services Group is 38.20%.
In addition, Executive Vice President Michael J. Hannon sold 3,000 shares of the company in a transaction dated Monday, October 25. The shares were sold for an average price of $ 216.20, for a total value of $ 648,600.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Additionally, Executive Vice President Kieran John Fallon sold 125 shares of the company in a transaction that took place on Monday, November 1. The shares were sold for an average price of $ 213.28, for a total value of $ 26,660.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 3,625 shares of the company valued at $ 773,528. Insiders own 0.30% of the company’s shares.
Several large investors have recently bought and sold shares in the company. Quantinno Capital Management LP increased its stake in The PNC Financial Services Group by 3.0% during the 3rd quarter. Quantinno Capital Management LP now owns 1,686 shares of the financial services provider valued at $ 330,000 after acquiring 49 additional shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of the PNC Financial Services group by 0.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,197 shares of the financial services provider valued at $ 2,386,000 after purchasing 51 additional shares in the last quarter. Reynders McVeigh Capital Management LLC increased its position in The PNC Financial Services Group shares by 3.8% in the second quarter. Reynders McVeigh Capital Management LLC now owns 1,431 shares of the financial services provider valued at $ 273,000 after purchasing 52 additional shares in the last quarter. Impax Asset Management Group plc increased its stake in The PNC Financial Services Group shares by 0.3% in the third quarter. Impax Asset Management Group plc now owns 15,612 shares of the financial services provider valued at $ 3,054,000 after purchasing 52 additional shares in the last quarter. Finally, Tower Bridge Advisors increased its position in The PNC Financial Services Group by 0.3% during the third quarter. Tower Bridge Advisors now owns 16,608 shares of the financial services provider valued at $ 3,249,000 after purchasing 54 additional shares in the last quarter. 81.74% of the shares are currently held by hedge funds and other institutional investors.
PNC Financial Services Group profile
PNC Financial Services Group, Inc is a holding company which provides financial services. It operates through the following segments: retail banking, corporate and institutional banking, asset management group and BlackRock. The Retail Banking segment provides deposit, lending, brokerage, investment management and cash management products and services to individuals and small businesses.
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