PNC Financial Services Group (NYSE:PNC) posted its earnings results on Friday. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $0.09, MarketWatch Earnings reports. PNC Financial Services Group had a return on equity of 10.33% and a net margin of 30.40%. During the same period last year, the company earned $2.16 earnings per share.
Shares of NYSE PNC opened at $124.26 on Friday. PNC Financial Services Group has a fifty-two week low of $121.61 and a fifty-two week high of $163.59. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.16. The company has a market cap of $63.23 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.24 and a beta of 0.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Shareholders of record on Wednesday, October 17th will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, October 16th. This represents a $3.80 dividend on an annualized basis and a yield of 3.06%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 44.71%.
A number of equities research analysts have recently issued reports on PNC shares. Vining Sparks reiterated a “buy” rating and issued a $160.00 target price on shares of PNC Financial Services Group in a research note on Tuesday. ValuEngine lowered PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $156.37.
In other PNC Financial Services Group news, insider Michael J. Hannon sold 5,247 shares of the firm’s stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $141.38, for a total transaction of $741,820.86. Following the completion of the sale, the insider now owns 58,239 shares in the company, valued at approximately $8,233,829.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Martin Pfinsgraff acquired 700 shares of the stock in a transaction on Wednesday, July 18th. The shares were acquired at an average price of $142.15 per share, with a total value of $99,505.00. Following the purchase, the director now owns 1,050 shares in the company, valued at $149,257.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 58,957 shares of company stock valued at $8,301,859. 0.38% of the stock is owned by insiders.
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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