PNC Financial Services Group Inc (NYSE:PNC) Insider Robert Q. Reilly Sells 19,576 Shares

PNC Financial Services Group Inc (NYSE:PNC) insider Robert Q. Reilly sold 19,576 shares of the stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PNC Financial Services Group Inc (PNC) traded up $0.35 during trading hours on Friday, hitting $151.84. 3,275,203 shares of the stock traded hands, compared to its average volume of 2,020,000. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $72,250.00, a P/E ratio of 18.49, a P/E/G ratio of 1.51 and a beta of 0.90. PNC Financial Services Group Inc has a 12-month low of $113.66 and a 12-month high of $153.50.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 24.61% and a return on equity of 9.29%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the firm posted $1.97 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. analysts expect that PNC Financial Services Group Inc will post 8.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.98%. The ex-dividend date is Tuesday, January 16th. PNC Financial Services Group’s payout ratio is currently 22.53%.

A number of institutional investors have recently added to or reduced their stakes in PNC. FMR LLC increased its position in shares of PNC Financial Services Group by 13.9% during the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after acquiring an additional 1,915,923 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of PNC Financial Services Group by 240.4% during the second quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock valued at $298,281,000 after acquiring an additional 1,686,944 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of PNC Financial Services Group by 2,624.0% during the second quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock valued at $213,239,000 after acquiring an additional 1,645,007 shares during the last quarter. Koch Industries Inc. increased its position in shares of PNC Financial Services Group by 78,828.1% during the second quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 1,348,748 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of PNC Financial Services Group by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after acquiring an additional 875,164 shares during the last quarter. Hedge funds and other institutional investors own 81.49% of the company’s stock.

A number of equities research analysts recently commented on PNC shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $162.00 target price on shares of PNC Financial Services Group in a research report on Friday, December 29th. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Tuesday, October 31st. Goldman Sachs Group lowered shares of PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Credit Suisse Group restated a “hold” rating and set a $150.00 price target on shares of PNC Financial Services Group in a research note on Friday, January 5th. Finally, UBS Group increased their price objective on shares of PNC Financial Services Group from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, October 16th. Seventeen equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. PNC Financial Services Group has a consensus rating of “Hold” and a consensus target price of $141.08.

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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.

Insider Buying and Selling by Quarter for PNC Financial Services Group (NYSE:PNC)

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