PNC Financial Services Group Inc. (NYSE:PNC) CEO William S. Demchak sold 179,809 shares of PNC Financial Services Group stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $107.61, for a total transaction of $19,349,246.49. Following the transaction, the chief executive officer now directly owns 531,755 shares in the company, valued at $57,222,155.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of PNC Financial Services Group Inc. (NYSE:PNC) opened at 110.60 on Friday. The stock has a market cap of $53.81 billion, a PE ratio of 15.38 and a beta of 0.82. PNC Financial Services Group Inc. has a 1-year low of $77.40 and a 1-year high of $110.81. The stock’s 50 day moving average is $94.57 and its 200-day moving average is $88.11.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, October 14th. The company reported $1.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.06. The firm earned $3.83 billion during the quarter. PNC Financial Services Group had a net margin of 23.77% and a return on equity of 9.04%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 EPS. On average, analysts predict that PNC Financial Services Group Inc. will post $7.16 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for PNC Financial Services Group (NYSE:PNC)

The firm also recently declared a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Monday, October 17th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio is currently 30.51%.

A number of hedge funds have recently modified their holdings of PNC. Emerald Acquisition Ltd. acquired a new stake in shares of PNC Financial Services Group during the second quarter worth $126,658,000. TIAA CREF Investment Management LLC boosted its stake in shares of PNC Financial Services Group by 95.3% in the third quarter. TIAA CREF Investment Management LLC now owns 3,134,850 shares of the company’s stock worth $282,419,000 after buying an additional 1,529,524 shares in the last quarter. 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 worth $627,462,000 after buying an additional 1,395,872 shares in 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 worth $156,339,000 after buying an additional 1,256,750 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in PNC Financial Services Group by 15,925.5% in the third quarter. Toronto Dominion Bank now owns 1,018,421 shares of the company’s stock valued at $91,750,000 after buying an additional 1,012,066 shares during the period. Hedge funds and other institutional investors own 80.88% of the company’s stock.

PNC has been the subject of several recent analyst reports. Vetr downgraded shares of PNC Financial Services Group from a “hold” rating to a “sell” rating and set a $95.30 target price for the company. in a research note on Wednesday, November 9th. Barclays PLC restated a “hold” rating and issued a $97.00 target price on shares of PNC Financial Services Group in a research note on Tuesday, October 11th. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Tuesday, October 18th. Robert W. Baird restated an “outperform” rating on shares of PNC Financial Services Group in a research note on Thursday, August 4th. Finally, Stephens upgraded shares of PNC Financial Services Group from an “equal weight” rating to an “overweight” rating and set a $100.00 target price for the company in a research note on Monday, August 1st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $97.20.

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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