Guild Deborah Sells 1,257 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC) Stock

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The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) EVP Guild Deborah sold 1,257 shares of the business’s stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $170.56, for a total transaction of $214,393.92. Following the sale, the executive vice president now directly owns 23,360 shares in the company, valued at $3,984,281.60. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NYSE:PNC opened at $168.87 on Friday. The company’s 50 day moving average price is $182.93 and its two-hundred day moving average price is $198.41. The PNC Financial Services Group, Inc. has a 12-month low of $164.10 and a 12-month high of $228.14. The firm has a market cap of $70.66 billion, a PE ratio of 14.29, a PEG ratio of 2.37 and a beta of 1.24. The company has a quick ratio of 0.78, a current ratio of 0.75 and a debt-to-equity ratio of 0.54.

The PNC Financial Services Group (NYSE:PNCGet Rating) last announced its earnings results on Thursday, April 14th. The financial services provider reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.45. The PNC Financial Services Group had a net margin of 26.14% and a return on equity of 12.43%. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.72 billion. During the same quarter in the prior year, the business posted $4.10 EPS. The business’s revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that The PNC Financial Services Group, Inc. will post 14.05 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 5th. Shareholders of record on Wednesday, April 13th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Tuesday, April 12th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.25. The PNC Financial Services Group’s dividend payout ratio is presently 50.76%.

PNC has been the topic of a number of research analyst reports. Credit Suisse Group upped their target price on shares of The PNC Financial Services Group from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Wednesday, January 19th. Raymond James dropped their target price on shares of The PNC Financial Services Group from $215.00 to $210.00 and set an “outperform” rating on the stock in a report on Monday, April 18th. Robert W. Baird upped their target price on shares of The PNC Financial Services Group from $200.00 to $230.00 in a report on Wednesday, January 19th. Piper Sandler dropped their target price on shares of The PNC Financial Services Group from $215.00 to $201.00 and set a “neutral” rating on the stock in a report on Friday, April 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of The PNC Financial Services Group from $229.50 to $232.50 in a report on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, The PNC Financial Services Group currently has an average rating of “Hold” and a consensus price target of $219.53.

Large investors have recently made changes to their positions in the business. Citizens National Bank Trust Department acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth approximately $28,000. Retirement Planning Co of New England Inc. acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth approximately $30,000. D Orazio & Associates Inc. acquired a new stake in shares of The PNC Financial Services Group during the 3rd quarter worth approximately $31,000. Guardian Wealth Management Inc. acquired a new stake in shares of The PNC Financial Services Group during the 4th quarter worth approximately $32,000. Finally, Kozak & Associates Inc. acquired a new stake in shares of The PNC Financial Services Group during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 83.54% of the company’s stock.

About The PNC Financial Services Group (Get Rating)

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company’s Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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