PNC Financial Services Group Inc. (NYSE:pnc) announced a quarterly dividend on Tuesday, October 4th. Stockholders of record on Monday, October 17th will be given a dividend of 0.55 per share on Monday, November 7th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, October 13th.

Shares of PNC Financial Services Group (NYSE:PNC) opened at 91.42 on Friday. The firm has a market capitalization of $44.92 billion, a P/E ratio of 12.61 and a beta of 0.91. The stock has a 50 day moving average of $89.22 and a 200-day moving average of $86.03. PNC Financial Services Group has a 12-month low of $77.40 and a 12-month high of $97.50.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, July 15th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.07. PNC Financial Services Group had a return on equity of 9.22% and a net margin of 24.32%. The company earned $3.79 billion during the quarter. During the same period in the prior year, the company earned $1.88 EPS. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that PNC Financial Services Group will post $7.10 EPS for the current fiscal year.

Dividend History for PNC Financial Services Group (NYSE:pnc)

In related news, insider Michael J. Hannon sold 33,000 shares of PNC Financial Services Group stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $86.49, for a total value of $2,854,170.00. Following the completion of the sale, the insider now owns 87,573 shares of the company’s stock, valued at approximately $7,574,188.77. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel Hesse acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was purchased at an average cost of $82.44 per share, with a total value of $41,220.00. Following the acquisition, the director now owns 1,100 shares in the company, valued at approximately $90,684. The disclosure for this purchase can be found here. 0.57% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd raised its stake in shares of PNC Financial Services Group by 1,200.0% in the second quarter. Point72 Asia Hong Kong Ltd now owns 5,200 shares of the company’s stock valued at $423,000 after buying an additional 4,800 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of PNC Financial Services Group by 25.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 135,046 shares of the company’s stock valued at $10,991,000 after buying an additional 27,000 shares during the period. National Asset Management Inc. raised its stake in shares of PNC Financial Services Group by 0.9% in the second quarter. National Asset Management Inc. now owns 4,724 shares of the company’s stock valued at $386,000 after buying an additional 41 shares during the period. AHL Partners LLP purchased a new stake in shares of PNC Financial Services Group during the second quarter valued at $299,000. Finally, SevenBridge Financial Group LLC purchased a new stake in shares of PNC Financial Services Group during the second quarter valued at $1,001,000. 80.21% of the stock is owned by institutional investors.

Several research firms have recently issued reports on PNC. Wells Fargo & Co. reaffirmed a “hold” rating on shares of PNC Financial Services Group in a research note on Saturday, July 9th. Deutsche Bank AG reissued a “buy” rating on shares of PNC Financial Services Group in a research report on Wednesday, June 29th. Vetr downgraded shares of PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $94.63 target price for the company. in a research report on Thursday. Argus started coverage on shares of PNC Financial Services Group in a research report on Monday, July 18th. They set a “hold” rating for the company. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of PNC Financial Services Group in a research report on Tuesday, July 12th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $96.65.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

5 Day Chart for NYSE:PNC

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