PNC Financial Services Group Inc. (NYSE:PNC) – Research analysts at Oppenheimer Holdings boosted their FY2016 earnings per share estimates for shares of PNC Financial Services Group in a research note issued on Sunday. Oppenheimer Holdings analyst B. Chittenden now forecasts that the firm will post earnings of $7.11 per share for the year, up from their previous estimate of $7.09. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for PNC Financial Services Group’s FY2017 earnings at $7.10 EPS.

A number of 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 note on Thursday, October 6th. Argus upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $88.03 to $98.00 in a research note on Monday. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Tuesday. Wells Fargo & Co. reiterated a “hold” rating on shares of PNC Financial Services Group in a research note on Saturday, July 9th. Finally, Barclays PLC reduced their price objective 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 note on Monday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the stock. PNC Financial Services Group has a consensus rating of “Hold” and a consensus price target of $96.48.

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

Shares of PNC Financial Services Group (NYSE:PNC) opened at 89.86 on Tuesday. The firm has a market capitalization of $44.16 billion, a P/E ratio of 12.40 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 company has a 50-day moving average price of $89.90 and a 200-day moving average price of $86.27.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Friday, October 14th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.06. The company earned $3.83 billion during the quarter. PNC Financial Services Group had a net margin of 23.77% and a return on equity of 8.92%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company posted $1.90 earnings per share.

Hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. acquired a new stake in shares of PNC Financial Services Group during the second quarter valued at approximately $126,658,000. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 last quarter. Cohen & Steers Inc. boosted its stake in shares of PNC Financial Services Group by 1,098.6% in the second quarter. Cohen & Steers Inc. now owns 1,371,150 shares of the company’s stock valued at $156,339,000 after buying an additional 1,256,750 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of PNC Financial Services Group during the second quarter valued at approximately $78,133,000. Finally, American Century Companies Inc. boosted its stake in shares of 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 last quarter. Institutional investors and hedge funds own 80.28% of the company’s stock.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 33,000 shares of PNC Financial Services Group 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 completion of the sale, the insider now directly owns 87,573 shares in the company, valued at approximately $7,574,188.77. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel Hesse acquired 500 shares of the firm’s stock in a transaction on Thursday, July 21st. The shares were acquired at an average price of $82.44 per share, with a total value of $41,220.00. Following the completion of the purchase, 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 currently owned by corporate insiders.

The business 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 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 30.51%.

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

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.