PNC Financial Services Group (PNC) Getting Favorable Media Coverage, Report Finds
Headlines about PNC Financial Services Group (NYSE:PNC) have been trending positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PNC Financial Services Group earned a news impact score of 0.43 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.8413599171968 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- Detroit museum’s 1967 project named finalist for national award – Crain’s Detroit Business (crainsdetroit.com)
- The PNC Financial Services Group, Inc., (NYSE: PNC) – Hot Stock’s Trend Recap – Stock Watch (stocksnewstimes.com)
- PNC Financial Services Group Inc (PNC) Position Boosted by Richard C. Young & CO. LTD. (americanbankingnews.com)
- PNC Financial Services Group Inc (PNC) Position Raised by Koch Industries Inc. (americanbankingnews.com)
- Connors Investor Services Inc. Has $12.96 Million Stake in PNC Financial Services Group Inc (PNC) (americanbankingnews.com)
PNC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $162.00 target price on shares of PNC Financial Services Group in a research report on Friday, December 29th. Morgan Stanley upped their target price on PNC Financial Services Group from $165.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Goldman Sachs Group downgraded PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Credit Suisse Group restated a “hold” rating and issued a $150.00 target price on shares of PNC Financial Services Group in a research report on Friday, January 5th. Finally, Wells Fargo & Co set a $149.00 target price on PNC Financial Services Group and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Nineteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $145.98.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.51%. The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the business earned $1.97 EPS. The company’s revenue was up 10.0% on a year-over-year basis. analysts expect that PNC Financial Services Group will post 10.44 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is currently 37.83%.
In other PNC Financial Services Group news, 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 of the company’s stock, valued at approximately $15,031,037.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider E William Parsley III sold 46,307 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $143.43, for a total transaction of $6,641,813.01. Following the sale, the insider now directly owns 132,544 shares in the company, valued at $19,010,785.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,894 shares of company stock worth $10,725,613. Company insiders own 0.43% of the company’s stock.
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About PNC Financial Services Group
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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