PNC Financial Services Group, Inc. (The) (NYSE:PNC) insider E William Parsley III sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $138.68, for a total transaction of $3,467,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

PNC Financial Services Group, Inc. (NYSE:PNC) traded up $0.49 during trading on Friday, hitting $141.00. 2,580,000 shares of the company traded hands, compared to its average volume of 1,615,569. PNC Financial Services Group, Inc. has a 1-year low of $110.68 and a 1-year high of $143.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market cap of $66,878.60, a price-to-earnings ratio of 17.16, a PEG ratio of 1.87 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.13 by $0.03. PNC Financial Services Group had a net margin of 24.61% and a return on equity of 9.29%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the firm earned $1.84 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts forecast that PNC Financial Services Group, Inc. will post 8.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were given a $0.75 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.13%. PNC Financial Services Group’s dividend payout ratio is presently 36.63%.

Several equities analysts have issued reports on the stock. J P Morgan Chase & Co boosted their price objective on shares of PNC Financial Services Group from $139.50 to $140.50 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Tuesday, October 31st. Nomura boosted their target price on shares of PNC Financial Services Group from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Wells Fargo & Company set a $135.00 target price on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, UBS boosted their target price on shares of PNC Financial Services Group from $133.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, October 16th. Sixteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $135.93.

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in PNC Financial Services Group by 13.9% in the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after purchasing an additional 1,915,923 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in PNC Financial Services Group by 240.4% in the 2nd quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock valued at $298,281,000 after purchasing an additional 1,686,944 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in PNC Financial Services Group by 2,624.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock valued at $213,239,000 after purchasing an additional 1,645,007 shares in the last quarter. Koch Industries Inc. lifted its holdings in PNC Financial Services Group by 78,828.1% in the 2nd quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock valued at $1,340,000 after purchasing an additional 1,348,748 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in PNC Financial Services Group by 7.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after purchasing an additional 875,164 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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About PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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

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