Traders sold shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) on strength during trading on Wednesday. $39.05 million flowed into the stock on the tick-up and $72.33 million flowed out of the stock on the tick-down, for a money net flow of $33.28 million out of the stock. Of all companies tracked, PNC Financial Services Group, Inc. (The) had the 0th highest net out-flow for the day. PNC Financial Services Group, Inc. (The) traded up $0.90 for the day and closed at $132.90

Several equities analysts recently issued reports on PNC shares. Zacks Investment Research upgraded PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Tuesday, September 5th. Piper Jaffray Companies restated a “buy” rating and set a $134.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research report on Sunday, August 27th. Robert W. Baird restated a “buy” rating and set a $135.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, August 28th. BidaskClub upgraded PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG restated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Tuesday, July 25th. Sixteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. PNC Financial Services Group, Inc. (The) has a consensus rating of “Hold” and an average target price of $135.93.

The firm has a market capitalization of $63,233.96, a P/E ratio of 16.23, a PEG ratio of 1.77 and a beta of 0.91. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 earnings per share. equities analysts anticipate that PNC Financial Services Group, Inc. will post 8.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Monday, October 16th. PNC Financial Services Group, Inc. (The)’s payout ratio is 36.63%.

In other PNC Financial Services Group, Inc. (The) news, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group, Inc. (The) stock in a transaction on Monday, October 30th. The stock was sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of the transaction, the insider now owns 20,449 shares in the company, valued at $2,801,104.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Orlando C. Esposito sold 4,505 shares of PNC Financial Services Group, Inc. (The) stock in a transaction on Monday, November 6th. The shares were sold at an average price of $138.85, for a total value of $625,519.25. The disclosure for this sale can be found here. Insiders have sold 12,640 shares of company stock valued at $1,729,952 in the last quarter. 0.43% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock worth $4,065,151,000 after purchasing an additional 589,235 shares in the last quarter. BlackRock Inc. increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 1.3% in the 2nd quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock worth $3,430,820,000 after purchasing an additional 341,222 shares in the last quarter. FMR LLC increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 13.9% in the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock worth $1,957,539,000 after purchasing an additional 1,915,923 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 7.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock worth $1,592,394,000 after purchasing an additional 875,164 shares in the last quarter. Finally, Capital World Investors increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 6.9% in the 2nd quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock worth $1,262,761,000 after purchasing an additional 654,997 shares in the last quarter. 81.19% of the stock is owned by institutional investors and hedge funds.

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About PNC Financial Services Group, Inc. (The)

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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