PNC Financial Services Group Inc. (NYSE:PNC)’s share price gapped up prior to trading on Friday . The stock had previously closed at $83.59, but opened at $83.88. PNC Financial Services Group shares last traded at $86.16, with a volume of 1,655,180 shares traded.

PNC has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their target price on shares of PNC Financial Services Group from $105.00 to $95.00 in a research note on Tuesday, April 12th. Robert W. Baird restated a “buy” rating on shares of PNC Financial Services Group in a research note on Sunday, April 17th. FBR & Co restated a “buy” rating on shares of PNC Financial Services Group in a research note on Sunday, April 17th. Vetr cut shares of PNC Financial Services Group from a “strong-buy” rating to a “buy” rating and set a $98.38 price target for the company. in a research report on Monday, April 25th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of PNC Financial Services Group in a research report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $95.79.

The stock has a market cap of $42.61 billion and a P/E ratio of 11.92. The company’s 50 day moving average is $82.21 and its 200-day moving average is $84.70.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, July 15th. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. During the same period in the previous year, the business earned $1.88 EPS. The firm had revenue of $3.79 billion for the quarter. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities research analysts expect that PNC Financial Services Group Inc. will post $7.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 5th. Stockholders of record on Monday, July 18th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, July 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.55%. This is a boost from PNC Financial Services Group’s previous quarterly dividend of $0.51.

In related news, Director Daniel Hesse acquired 500 shares of PNC Financial Services Group stock in a transaction dated Thursday, July 21st. The stock was acquired at an average price of $82.44 per share, for a total transaction of $41,220.00. Following the transaction, the director now owns 1,100 shares of the company’s stock, valued at $90,684. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Several hedge funds recently modified their holdings of the company. Haverford Trust Co. increased its stake in shares of 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 in the last quarter. Victory Capital Management Inc. increased its stake in shares of PNC Financial Services Group by 77.3% in the fourth quarter. Victory Capital Management Inc. now owns 16,199 shares of the company’s stock valued at $1,544,000 after buying an additional 7,060 shares in the last quarter. Atlantic Trust Group LLC increased its stake in shares of PNC Financial Services Group by 6.4% in the fourth quarter. Atlantic Trust Group LLC now owns 22,469 shares of the company’s stock valued at $2,141,000 after buying an additional 1,346 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of PNC Financial Services Group by 2.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,905 shares of the company’s stock valued at $2,183,000 after buying an additional 590 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its stake in shares of PNC Financial Services Group by 29.3% in the fourth quarter. I.G. Investment Management LTD. now owns 26,631 shares of the company’s stock valued at $2,538,000 after buying an additional 6,033 shares in the last quarter.

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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