PNC Financial Services Group Inc. (NYSE:PNC) will be issuing its Q316 quarterly earnings data on Friday, October 14th. Analysts expect the company to announce earnings of $1.78 per share and revenue of $3.83 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, July 15th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.07. The firm earned $3.79 billion during the quarter. PNC Financial Services Group had a net margin of 24.32% and a return on equity of 9.22%. PNC Financial Services Group’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.88 earnings per share. On average, analysts expect PNC Financial Services Group to post $7.10 EPS for the current fiscal year and $7.41 EPS for the next fiscal year.

Earnings History for PNC Financial Services Group (NYSE:PNC)

PNC Financial Services Group Inc. (NYSE:PNC) opened at 90.51 on Wednesday. PNC Financial Services Group Inc. has a 1-year low of $77.40 and a 1-year high of $97.50. The company’s 50-day moving average is $89.54 and its 200 day moving average is $86.12. The firm has a market capitalization of $44.48 billion, a PE ratio of 12.49 and a beta of 0.91.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 17th will be paid a $0.55 dividend. The ex-dividend date is Thursday, October 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.43%. PNC Financial Services Group’s dividend payout ratio is presently 30.26%.

Several equities analysts recently weighed in on PNC shares. Zacks Investment Research cut shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. Deutsche Bank AG reaffirmed a “buy” rating on shares of PNC Financial Services Group in a report on Wednesday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of PNC Financial Services Group in a report on Thursday, June 23rd. Jefferies Group reaffirmed a “hold” rating and set a $91.00 price target on shares of PNC Financial Services Group in a report on Thursday, July 7th. Finally, Nomura raised PNC Financial Services Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $95.00 to $84.00 in a report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company. PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus target price of $96.65.

In other news, insider Michael J. Hannon sold 33,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $86.49, for a total transaction of $2,854,170.00. Following the sale, the insider now directly owns 87,573 shares in the company, valued at $7,574,188.77. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Daniel Hesse purchased 500 shares of PNC Financial Services Group stock in a transaction dated Thursday, July 21st. The shares were purchased at an average price of $82.44 per share, for a total transaction of $41,220.00. Following the completion of the acquisition, the director now owns 1,100 shares of the company’s stock, valued at approximately $90,684. The disclosure for this purchase can be found here. Insiders own 0.57% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its stake in PNC Financial Services Group by 22.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,709,313 shares of the company’s stock valued at $627,462,000 after buying an additional 1,395,872 shares during the period. American Century Companies Inc. boosted its stake in PNC Financial Services Group by 15.6% in the second quarter. American Century Companies Inc. now owns 6,655,625 shares of the company’s stock valued at $541,701,000 after buying an additional 897,284 shares during the period. FMR LLC boosted its stake in PNC Financial Services Group by 17.0% in the second quarter. FMR LLC now owns 5,565,321 shares of the company’s stock valued at $452,961,000 after buying an additional 807,145 shares during the period. Janney Montgomery Scott LLC boosted its stake in PNC Financial Services Group by 78.1% in the second quarter. Janney Montgomery Scott LLC now owns 232,312 shares of the company’s stock valued at $18,908,000 after buying an additional 101,847 shares during the period. Finally, KCG Holdings Inc. boosted its stake in PNC Financial Services Group by 267.5% in the second quarter. KCG Holdings Inc. now owns 126,297 shares of the company’s stock valued at $10,279,000 after buying an additional 91,930 shares during the period. Institutional investors own 80.22% of the company’s stock.

About PNC Financial Services Group

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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