Shares of The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) have been assigned an average rating of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $196.75.
A number of equities research analysts have weighed in on the stock. Piper Sandler set a $160.00 price objective on shares of The PNC Financial Services Group in a report on Tuesday, July 19th. Jefferies Financial Group cut their price target on shares of The PNC Financial Services Group from $188.00 to $156.00 in a report on Monday, July 11th. Evercore ISI set a $175.00 price target on shares of The PNC Financial Services Group in a report on Tuesday, July 19th. Morgan Stanley increased their price target on shares of The PNC Financial Services Group from $168.00 to $180.00 in a report on Monday, July 18th. Finally, Citigroup cut their price target on shares of The PNC Financial Services Group from $190.00 to $170.00 in a report on Tuesday, July 12th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citizens National Bank Trust Department bought a new position in The PNC Financial Services Group in the fourth quarter worth approximately $28,000. Retirement Planning Co of New England Inc. bought a new position in The PNC Financial Services Group in the fourth quarter worth approximately $30,000. Guardian Wealth Management Inc. bought a new position in The PNC Financial Services Group in the fourth quarter worth approximately $32,000. Mascoma Wealth Management LLC raised its position in The PNC Financial Services Group by 89.8% in the first quarter. Mascoma Wealth Management LLC now owns 167 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 79 shares during the period. Finally, ACG Wealth bought a new position in The PNC Financial Services Group in the second quarter worth approximately $27,000. Institutional investors own 83.54% of the company’s stock.
The PNC Financial Services Group Price Performance
Shares of PNC opened at $166.04 on Tuesday. The stock has a market cap of $68.10 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 0.75. The PNC Financial Services Group has a fifty-two week low of $146.39 and a fifty-two week high of $228.14. The firm’s 50-day simple moving average is $161.63 and its two-hundred day simple moving average is $177.06.
The PNC Financial Services Group (NYSE:PNC – Get Rating) last announced its quarterly earnings data on Friday, July 15th. The financial services provider reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.31. The business had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.13 billion. The PNC Financial Services Group had a net margin of 27.32% and a return on equity of 11.93%. The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.50 earnings per share. Analysts anticipate that The PNC Financial Services Group will post 14.48 earnings per share for the current fiscal year.
The PNC Financial Services Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Wednesday, July 13th were given a dividend of $1.50 per share. The ex-dividend date was Tuesday, July 12th. This represents a $6.00 dividend on an annualized basis and a yield of 3.61%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 46.95%.
The PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company’s Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.
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Source: defenseworld.net
