PNC Financial Services Group Inc. (NYSE:PNC) – Equities research analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for shares of PNC Financial Services Group in a report issued on Tuesday. Jefferies Group analyst K. Usdin expects that the firm will earn $1.68 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $94.00 target price on the stock. Jefferies Group also issued estimates for PNC Financial Services Group’s Q2 2017 earnings at $1.89 EPS, Q3 2017 earnings at $1.95 EPS, Q4 2017 earnings at $1.98 EPS and FY2018 earnings at $8.15 EPS.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, October 14th. The company reported $1.84 earnings per share for the quarter, topping the 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%. The business earned $3.83 billion during the quarter, compared to the consensus estimate of $3.83 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year.

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

PNC has been the topic of several other research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of PNC Financial Services Group in a research note on Wednesday, June 29th. Nomura downgraded shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating in a research note on Monday, October 10th. They noted that the move was a valuation call. BMO Capital Markets raised shares of PNC Financial Services Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $94.00 to $101.00 in a research note on Monday, September 19th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Monday, July 11th. Finally, 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, October 6th. One equities 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 an average rating of “Hold” and an average target price of $96.65.

Shares of PNC Financial Services Group (NYSE:PNC) opened at 88.03 on Thursday. The stock’s 50 day moving average is $89.80 and its 200 day moving average is $86.19. The firm has a market cap of $43.26 billion, a P/E ratio of 12.14 and a beta of 0.91. PNC Financial Services Group has a 52 week low of $77.40 and a 52 week high of $97.50.

Several large investors have recently added to or reduced their stakes in the stock. Gierl Augustine Investment Management Inc raised its stake in PNC Financial Services Group by 0.5% in the third quarter. Gierl Augustine Investment Management Inc now owns 2,200 shares of the company’s stock worth $198,000 after buying an additional 12 shares in the last quarter. Gratus Capital LLC increased its position in shares of PNC Financial Services Group by 0.4% in the second quarter. Gratus Capital LLC now owns 4,246 shares of the company’s stock worth $346,000 after buying an additional 19 shares during the last quarter. First Financial Bank N.A. Trust Division increased its position in shares of 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 worth $431,000 after buying an additional 25 shares during the last quarter. Stewart & Patten Co. LLC increased its position in shares of 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 worth $508,000 after buying an additional 33 shares during the last quarter. Finally, City Holding Co. increased its position in shares of PNC Financial Services Group by 1.2% in the second quarter. City Holding Co. now owns 2,859 shares of the company’s stock worth $233,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

In other news, Director Daniel Hesse purchased 500 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were acquired 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 directly owns 1,100 shares of the company’s stock, valued at $90,684. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Hannon sold 33,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $86.49, for a total transaction of $2,854,170.00. Following the sale, the insider now owns 87,573 shares in the company, valued at approximately $7,574,188.77. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

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

Receive News & Stock Ratings for PNC Financial Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group Inc. and related stocks with our FREE daily email newsletter.