PNC Financial Services Group Inc. (NYSE:PNC) – Analysts at Oppenheimer Holdings raised their FY2016 earnings per share (EPS) estimates for PNC Financial Services Group in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst B. Chittenden now forecasts that the brokerage will post earnings per share of $7.09 for the year, up from their previous forecast of $7.04. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for PNC Financial Services Group’s Q4 2016 earnings at $1.78 EPS and FY2017 earnings at $7.03 EPS.

Several other research firms have also weighed in on PNC. Raymond James Financial Inc. upgraded shares of PNC Financial Services Group from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Zacks Investment Research lowered shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Co. restated a “hold” rating on shares of PNC Financial Services Group in a research report on Saturday, July 9th. Barclays PLC reduced their price target on shares of PNC Financial Services Group from $100.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, Robert W. Baird restated an “outperform” rating on shares of PNC Financial Services Group in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $96.65.

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

PNC Financial Services Group (NYSE:PNC) opened at 87.94 on Thursday. PNC Financial Services Group has a 12 month low of $77.40 and a 12 month high of $97.50. The firm has a market capitalization of $43.21 billion, a PE ratio of 12.13 and a beta of 0.91. The stock has a 50 day moving average of $89.74 and a 200 day moving average of $86.17.

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Friday, July 15th. The company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.75 by $0.07. The company 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 quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 earnings per share.

A number of hedge funds have recently added to or reduced their stakes in PNC. Gratus Capital LLC boosted its stake in PNC Financial Services Group by 0.4% in the second quarter. Gratus Capital LLC now owns 4,246 shares of the company’s stock valued at $346,000 after buying an additional 19 shares during the period. First Financial Bank N.A. Trust Division boosted its stake in PNC Financial Services Group by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 4,775 shares of the company’s stock valued at $431,000 after buying an additional 25 shares during the period. Stewart & Patten Co. LLC boosted its stake in PNC Financial Services Group by 0.5% in the second quarter. Stewart & Patten Co. LLC now owns 6,243 shares of the company’s stock valued at $508,000 after buying an additional 33 shares during the period. City Holding Co. boosted its stake in PNC Financial Services Group by 1.2% in the second quarter. City Holding Co. now owns 2,859 shares of the company’s stock valued at $233,000 after buying an additional 34 shares during the period. Finally, MCF Advisors LLC boosted its stake in PNC Financial Services Group by 1.6% in the second quarter. MCF Advisors LLC now owns 2,238 shares of the company’s stock valued at $182,000 after buying an additional 35 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

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

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. This represents a $2.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, October 13th. PNC Financial Services Group’s payout ratio is 30.26%.

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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