PNC Financial Services Group Inc. (NYSE:PNC) released its quarterly earnings data on Friday. The company reported $1.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.06. PNC Financial Services Group had a net margin of 24.32% and a return on equity of 9.22%.

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

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

The company also recently announced a quarterly dividend, which will be paid on Monday, November 7th. Shareholders of record on Monday, October 17th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio is presently 30.26%.

Several equities analysts have commented on PNC shares. Vetr downgraded shares of PNC Financial Services Group from a “strong-buy” rating to a “buy” rating and set a $89.00 price objective on the stock. in a report on Thursday, July 7th. Nomura upgraded shares of PNC Financial Services Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $95.00 to $84.00 in a report on Thursday, July 7th. Deutsche Bank AG reiterated a “buy” rating on shares of PNC Financial Services Group in a report on Wednesday, June 29th. Royal Bank Of Canada reissued a “buy” rating on shares of PNC Financial Services Group in a research report on Thursday, June 23rd. Finally, FBR & Co reissued a “buy” rating on shares of PNC Financial Services Group in a research report on Monday, July 18th. One 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’s stock. PNC Financial Services Group has an average rating of “Hold” and an average price target of $96.65.

In related news, insider Michael J. Hannon sold 33,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now 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 can be accessed through this hyperlink. Also, Director Daniel Hesse purchased 500 shares of PNC Financial Services Group stock in a transaction on Thursday, July 21st. The stock was bought at an average price of $82.44 per share, with a total value of $41,220.00. Following the transaction, 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. Corporate insiders own 0.57% of the company’s stock.

Hedge funds have recently modified their holdings of the company. MCF Advisors LLC boosted its stake in shares of PNC Financial Services Group by 1.6% in the second quarter. MCF Advisors LLC now owns 2,238 shares of the company’s stock worth $182,000 after buying an additional 35 shares during the last quarter. Euclid Advisors LLC bought a new stake in shares of PNC Financial Services Group during the second quarter worth approximately $290,000. AHL Partners LLP bought a new stake in shares of PNC Financial Services Group during the second quarter worth approximately $299,000. Meiji Yasuda Life Insurance Co bought a new stake in shares of PNC Financial Services Group during the second quarter worth approximately $300,000. Finally, Ingalls & Snyder LLC bought a new stake in shares of PNC Financial Services Group during the second quarter worth approximately $304,000. Institutional investors and hedge funds 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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