Media headlines about PNC Financial Services Group (NYSE:PNC) have trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing 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 daily sentiment score of 0.37 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.7403700501205 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
Several analysts recently commented on the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $170.00 price objective on shares of PNC Financial Services Group in a research note on Friday. ValuEngine cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $162.00 target price on shares of PNC Financial Services Group in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research report on Tuesday, December 26th. Finally, Wells Fargo & Co set a $149.00 target price on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Seventeen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $142.33.
Shares of PNC Financial Services Group (NYSE:PNC) opened at $151.84 on Friday. PNC Financial Services Group has a twelve month low of $113.66 and a twelve month high of $153.50. The stock has a market cap of $72,245.63, a P/E ratio of 14.60, a P/E/G ratio of 1.51 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92.
PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the firm earned $1.97 earnings per share. PNC Financial Services Group’s revenue was up 10.0% compared to the same quarter last year. equities analysts anticipate that PNC Financial Services Group will post 9.89 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.98%. PNC Financial Services Group’s payout ratio is 17.79%.
In other PNC Financial Services Group news, insider Robert Q. Reilly sold 19,576 shares of the business’s 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 completion of the sale, the insider now directly owns 103,299 shares in the company, valued at $15,031,037.49. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider E William Parsley III sold 46,307 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $143.43, for a total transaction of $6,641,813.01. Following the sale, the insider now owns 132,544 shares of the company’s stock, valued at $19,010,785.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,523 shares of company stock valued at $15,392,168. 0.43% of the stock is owned by insiders.
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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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