The PNC Financial Services Group, Inc. (NYSE:PNC) Director Douglas A. Dachille Acquires 100 Shares

The PNC Financial Services Group, Inc. (NYSE:PNC) Director Douglas A. Dachille purchased 100 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was acquired at an average cost of $198.13 per share, with a total value of $19,813.00. Following the purchase, the director now owns 100 shares of the company’s stock, valued at approximately $19,813. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

The PNC Financial Services Group Stock Up 0.0 %

Shares of NYSE PNC traded up $0.01 during mid-day trading on Wednesday, reaching $198.99. 2,057,683 shares of the company traded hands, compared to its average volume of 2,395,621. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $78.96 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. The company’s fifty day moving average is $199.25 and its two-hundred day moving average is $190.14. The PNC Financial Services Group, Inc. has a fifty-two week low of $139.69 and a fifty-two week high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.16 EPS. On average, analysts expect that The PNC Financial Services Group, Inc. will post 15.26 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Wednesday, January 15th. The PNC Financial Services Group’s dividend payout ratio is 46.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays raised their target price on The PNC Financial Services Group from $229.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Stephens reaffirmed an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a report on Friday, January 17th. Citigroup upped their target price on The PNC Financial Services Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, November 25th. Compass Point upped their target price on The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group increased their price objective on The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $205.00.

Institutional Trading of The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bailard Inc. grew its holdings in The PNC Financial Services Group by 0.8% in the 4th quarter. Bailard Inc. now owns 50,397 shares of the financial services provider’s stock valued at $9,719,000 after buying an additional 395 shares during the last quarter. Norden Group LLC grew its holdings in The PNC Financial Services Group by 10.7% in the 4th quarter. Norden Group LLC now owns 3,900 shares of the financial services provider’s stock valued at $752,000 after buying an additional 377 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in The PNC Financial Services Group by 8.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 10,608 shares of the financial services provider’s stock valued at $2,043,000 after buying an additional 850 shares during the last quarter. Purkiss Capital Advisors LLC acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at approximately $343,000. Finally, Onefund LLC acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at approximately $203,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time 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.