PNC Financial Services Group (NYSE:PNC) had its price target increased by Compass Point from $83.00 to $84.00 in a research report sent to investors on Thursday morning, AR Network reports. The firm currently has a buy rating on the stock.
In other PNC Financial Services Group news, EVP Joan L. Gulley sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $74.00, for a total transaction of $148,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
PNC has been the subject of a number of other recent research reports. Analysts at ISI Group initiated coverage on shares of PNC Financial Services Group in a research note to investors on Tuesday, October 8th. They set a neutral rating and a $79.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated a hold rating on shares of PNC Financial Services Group in a research note to investors on Monday, September 30th. They now have a $78.00 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of PNC Financial Services Group from $98.00 to $90.00 in a research note to investors on Monday, September 30th. They now have a buy rating on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $78.69.
PNC Financial Services Group (NYSE:PNC) traded down 0.03% on Thursday, hitting $75.02. 828,602 shares of the company’s stock traded hands. PNC Financial Services Group has a 52-week low of $53.36 and a 52-week high of $77.93. The stock has a 50-day moving average of $73.06 and a 200-day moving average of $72.0. The company has a market cap of $39.911 billion and a price-to-earnings ratio of 11.10.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, October 16th. The company reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.15. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.90 billion. During the same quarter in the previous year, the company posted $1.64 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 5th. Investors of record on Tuesday, October 15th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, October 10th.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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