PNC Financial Services Group Inc (NYSE:PNC) – Equities researchers at Jefferies Group cut their FY2018 earnings per share estimates for shares of PNC Financial Services Group in a report released on Monday. Jefferies Group analyst K. Usdin now forecasts that the financial services provider will earn $10.55 per share for the year, down from their prior estimate of $10.65.

A number of other equities analysts also recently commented on PNC. Deutsche Bank reissued a “hold” rating and issued a $136.00 price objective (up previously from $130.00) on shares of PNC Financial Services Group in a research note on Tuesday, September 26th. Nomura boosted their price objective on shares of PNC Financial Services Group from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Instinet reissued a “neutral” rating and issued a $132.00 price objective (up previously from $129.00) on shares of PNC Financial Services Group in a research note on Saturday, September 30th. Robert W. Baird reissued a “buy” rating and issued a $135.00 price objective on shares of PNC Financial Services Group in a research note on Sunday, October 1st. Finally, Zacks Investment Research downgraded shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Eighteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $144.02.

Shares of PNC Financial Services Group (PNC) traded up $1.54 during trading hours on Wednesday, reaching $155.25. 2,735,639 shares of the company were exchanged, compared to its average volume of 2,622,931. The company has a market capitalization of $73,870.00, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.90. PNC Financial Services Group has a 52 week low of $115.25 and a 52 week high of $156.15. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. PNC Financial Services Group’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.97 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.93%. The ex-dividend date is Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio is currently 28.76%.

In other news, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the sale, the insider now directly owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Q. Reilly sold 19,576 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the sale, the insider now directly owns 103,299 shares in the company, valued at $15,031,037.49. The disclosure for this sale can be found here. Insiders sold 103,523 shares of company stock worth $14,717,168 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. grew its holdings in shares of PNC Financial Services Group by 25.7% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 12,700 shares of the financial services provider’s stock valued at $1,832,000 after buying an additional 2,600 shares during the last quarter. Personal Capital Advisors Corp purchased a new stake in shares of PNC Financial Services Group during the fourth quarter valued at $284,000. State of Alaska Department of Revenue grew its holdings in shares of PNC Financial Services Group by 259.9% during the fourth quarter. State of Alaska Department of Revenue now owns 56,197 shares of the financial services provider’s stock valued at $8,107,000 after buying an additional 40,582 shares during the last quarter. Oakbrook Investments LLC grew its holdings in shares of PNC Financial Services Group by 5.9% during the fourth quarter. Oakbrook Investments LLC now owns 34,300 shares of the financial services provider’s stock valued at $4,949,000 after buying an additional 1,900 shares during the last quarter. Finally, Anderson Hoagland & Co. grew its holdings in shares of PNC Financial Services Group by 5.9% during the fourth quarter. Anderson Hoagland & Co. now owns 18,720 shares of the financial services provider’s stock valued at $2,701,000 after buying an additional 1,040 shares during the last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

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PNC Financial Services Group Company Profile

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.

Earnings History and Estimates for PNC Financial Services Group (NYSE:PNC)

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