Traders purchased shares of PNC Financial Services Group Inc. (NYSE:PNC) on weakness during trading hours on Wednesday. $60.34 million flowed into the stock on the tick-up and $33.48 million flowed out of the stock on the tick-down, for a money net flow of $26.86 million into the stock. Of all equities tracked, PNC Financial Services Group had the 19th highest net in-flow for the day. PNC Financial Services Group traded down ($0.24) for the day and closed at $82.10

Several brokerages have weighed in on PNC. Vetr lowered PNC Financial Services Group from a “strong-buy” rating to a “buy” rating and set a $98.38 price objective for the company. in a report on Monday, April 25th. Robert W. Baird reissued a “buy” rating on shares of PNC Financial Services Group in a report on Sunday, April 17th. Deutsche Bank AG reissued a “buy” rating on shares of PNC Financial Services Group in a report on Wednesday, June 29th. Jefferies Group reissued a “hold” rating and set a $91.00 price objective on shares of PNC Financial Services Group in a report on Thursday, July 7th. Finally, Zacks Investment Research lowered PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus target price of $96.74.

The firm has a market cap of $40.99 billion and a P/E ratio of 11.23. The stock has a 50 day moving average of $84.67 and a 200-day moving average of $85.58.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results 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. During the same period last year, the business posted $1.75 EPS. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.75 billion. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that PNC Financial Services Group Inc. will post $7.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Monday, July 18th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, July 14th. This represents a $2.20 annualized dividend and a yield of 2.68%. This is a positive change from PNC Financial Services Group’s previous quarterly dividend of $0.51.

In other news, Director Charles E. Bunch bought 1,000 shares of the stock in a transaction on Monday, May 2nd. The stock was bought at an average cost of $87.81 per share, for a total transaction of $87,810.00. Following the completion of the purchase, the director now directly owns 1,781 shares in the company, valued at $156,389.61. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael J. Hannon sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 20th. The shares were sold at an average price of $86.94, for a total transaction of $1,086,750.00. Following the completion of the sale, the executive vice president now owns 67,073 shares of the company’s stock, valued at $5,831,326.62. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Haverford Trust Co. increased its stake in PNC Financial Services Group by 0.5% in the fourth quarter. Haverford Trust Co. now owns 14,047 shares of the company’s stock valued at $1,339,000 after buying an additional 73 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of PNC Financial Services Group by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,178 shares of the company’s stock valued at $3,162,000 after buying an additional 179 shares during the period. Stephens Inc. AR boosted its position in shares of PNC Financial Services Group by 0.7% in the fourth quarter. Stephens Inc. AR now owns 31,289 shares of the company’s stock valued at $2,982,000 after buying an additional 210 shares during the period. PBWM Holdings LLC boosted its position in shares of PNC Financial Services Group by 2.5% in the fourth quarter. PBWM Holdings LLC now owns 11,422 shares of the company’s stock valued at $1,089,000 after buying an additional 280 shares during the period. Finally, QCI Asset Management Inc. NY boosted its position in shares of PNC Financial Services Group by 0.3% in the fourth quarter. QCI Asset Management Inc. NY now owns 120,421 shares of the company’s stock valued at $11,477,000 after buying an additional 411 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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