Robert A. Niblock Acquires 2,000 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) Stock

The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) Director Robert A. Niblock acquired 2,000 shares of The PNC Financial Services Group stock in a transaction dated Friday, May 6th. The shares were acquired at an average price of $167.07 per share, with a total value of $334,140.00. Following the transaction, the director now owns 6,063 shares in the company, valued at approximately $1,012,945.41. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

NYSE:PNC traded down $2.28 during mid-day trading on Tuesday, hitting $161.39. 76,094 shares of the company’s stock traded hands, compared to its average volume of 2,422,918. The company has a current ratio of 0.75, a quick ratio of 0.78 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $181.81 and a two-hundred day moving average of $197.67. The firm has a market capitalization of $67.53 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The PNC Financial Services Group, Inc. has a 12 month low of $162.70 and a 12 month high of $228.14.

The PNC Financial Services Group (NYSE:PNCGet Rating) last released its earnings results on Thursday, April 14th. The financial services provider reported $3.23 EPS for the quarter, beating the consensus estimate of $2.78 by $0.45. The PNC Financial Services Group had a net margin of 26.14% and a return on equity of 12.43%. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same period in the prior year, the company earned $4.10 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts expect that The PNC Financial Services Group, Inc. will post 14.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 5th. Shareholders of record on Wednesday, April 13th were given a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, April 12th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.72%. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.25. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 50.76%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $221.00 price target on the stock. in a report on Thursday, January 20th. Morgan Stanley lowered their target price on The PNC Financial Services Group from $209.00 to $196.00 and set an “underweight” rating on the stock in a research note on Monday, March 28th. JPMorgan Chase & Co. lifted their target price on shares of The PNC Financial Services Group from $229.50 to $232.50 in a research note on Thursday, February 3rd. StockNews.com began coverage on shares of The PNC Financial Services Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Robert W. Baird lifted their price objective on The PNC Financial Services Group from $200.00 to $230.00 in a research report on Wednesday, January 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $219.53.

Institutional investors have recently modified their holdings of the company. Citizens National Bank Trust Department bought a new stake in shares of The PNC Financial Services Group during the fourth quarter worth $28,000. Retirement Planning Co of New England Inc. acquired a new position in The PNC Financial Services Group during the 4th quarter valued at about $30,000. D Orazio & Associates Inc. bought a new position in shares of The PNC Financial Services Group in the 3rd quarter valued at about $31,000. Guardian Wealth Management Inc. bought a new position in The PNC Financial Services Group in the fourth quarter valued at approximately $32,000. Finally, Kozak & Associates Inc. acquired a new stake in The PNC Financial Services Group during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 83.54% of the company’s stock.

The PNC Financial Services Group Company Profile (Get Rating)

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company's Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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