Very Favorable News Coverage Somewhat Unlikely to Impact PNC Financial Services Group (PNC) Share Price
Media stories about PNC Financial Services Group (NYSE:PNC) have been trending very positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by reviewing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PNC Financial Services Group earned a news impact score of 3.33 on their scale. InfoTrie also gave news articles about the financial services provider an news buzz score of 4 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected PNC Financial Services Group’s score:
- [$$] US regional banks show robust business lending (finance.yahoo.com)
- PNC Financial Services Group (PNC) Receives Media Sentiment Rating of 2.25 (americanbankingnews.com)
- Here's why PNC is teaming with IBM and others to streamline health care payments (finance.yahoo.com)
- PNC Financial Services Group (PNC) Cut to Hold at Deutsche Bank (americanbankingnews.com)
- $4.27 Billion in Sales Expected for PNC Financial Services Group Inc (PNC) This Quarter (americanbankingnews.com)
NYSE:PNC opened at $124.33 on Wednesday. PNC Financial Services Group has a 12-month low of $108.45 and a 12-month high of $163.59. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $57.64 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 5th. Stockholders of record on Thursday, January 17th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, January 16th. PNC Financial Services Group’s payout ratio is 35.48%.
PNC Financial Services Group announced that its board has authorized a stock buyback program on Thursday, November 8th that permits the company to buyback $900.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 1.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
PNC has been the subject of several recent research reports. Deutsche Bank raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating in a research report on Monday, October 15th. Sanford C. Bernstein raised shares of PNC Financial Services Group from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $158.00 to $145.00 in a research report on Monday, October 15th. ValuEngine lowered shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Nomura dropped their price target on shares of PNC Financial Services Group from $162.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. Finally, BMO Capital Markets dropped their price target on shares of PNC Financial Services Group to $139.00 and set an “outperform” rating for the company in a research report on Monday, October 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $145.45.
In other news, insider Michael J. Hannon sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $124.82, for a total transaction of $624,100.00. Following the completion of the sale, the insider now owns 53,239 shares of the company’s stock, valued at $6,645,291.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.
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PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
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