PNC Financial Services Group Inc. (NYSE:PNC) gapped up prior to trading on Tuesday . The stock had previously closed at $80.80, but opened at $81.06. PNC Financial Services Group shares last traded at $82.31, with a volume of 1,500,551 shares.

A number of equities research analysts have weighed in on PNC shares. Zacks Investment Research downgraded shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Nomura raised shares of PNC Financial Services Group from a “neutral” rating to a “buy” rating and cut their price target for the company from $95.00 to $84.00 in a report on Thursday, July 7th. Raymond James Financial Inc. downgraded shares of PNC Financial Services Group from a “market perform” rating to an “underperform” rating in a report on Monday, May 9th. Vetr raised shares of PNC Financial Services Group from a “buy” rating to a “strong-buy” rating and set a $98.38 price target for the company in a report on Monday, May 2nd. Finally, Royal Bank Of Canada upped their price target on shares of PNC Financial Services Group from $85.00 to $95.00 and gave the company a “top pick” rating in a report on Monday, March 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company’s stock. PNC Financial Services Group has a consensus rating of “Hold” and an average price target of $96.74.

The company has a market capitalization of $41.11 billion and a PE ratio of 11.26. The stock has a 50 day moving average price of $84.87 and a 200 day moving average price of $85.61.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Thursday, April 14th. The company reported $1.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by $0.02. The firm earned $3.67 billion during the quarter, compared to analyst estimates of $3.75 billion. During the same quarter in the previous year, the business earned $1.75 EPS. PNC Financial Services Group’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts forecast that PNC Financial Services Group Inc. will post $7.12 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Monday, July 18th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, July 14th. This is a boost from PNC Financial Services Group’s previous quarterly dividend of $0.51.

In other news, EVP Michael J. Hannon sold 12,500 shares of PNC Financial Services Group stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $86.94, for a total transaction of $1,086,750.00. Following the transaction, the executive vice president now owns 67,073 shares in the company, valued at approximately $5,831,326.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Bunch acquired 1,000 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were acquired at an average price of $87.81 per share, for a total transaction of $87,810.00. Following the acquisition, the director now directly owns 1,781 shares in the company, valued at $156,389.61. The disclosure for this purchase can be found here.

Several institutional investors have added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in PNC Financial Services Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 30,379,060 shares of the company’s stock valued at $2,895,428,000 after buying an additional 378,789 shares during the period. LSV Asset Management boosted its position in PNC Financial Services Group by 1.6% in the fourth quarter. LSV Asset Management now owns 4,223,227 shares of the company’s stock valued at $402,515,000 after buying an additional 67,380 shares during the period. Dimensional Fund Advisors LP boosted its position in PNC Financial Services Group by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,791,457 shares of the company’s stock valued at $266,076,000 after buying an additional 45,417 shares during the period. Schroder Investment Management Group boosted its position in PNC Financial Services Group by 11.5% in the fourth quarter. Schroder Investment Management Group now owns 2,099,917 shares of the company’s stock valued at $200,143,000 after buying an additional 217,026 shares during the period. Finally, Standard Life Investments LTD boosted its position in PNC Financial Services Group by 10.4% in the fourth quarter. Standard Life Investments LTD now owns 1,720,159 shares of the company’s stock valued at $163,966,000 after buying an additional 162,319 shares during the period.

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.

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