PNC Financial Services Group Inc (PNC) Insider Sells $2,848,503.76 in Stock

PNC Financial Services Group Inc (NYSE:PNC) insider Robert Q. Reilly sold 19,576 shares of PNC Financial Services Group stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $145.51, for a total value of $2,848,503.76. Following the completion of the sale, the insider now owns 103,299 shares of the company’s stock, valued at approximately $15,031,037.49. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

PNC Financial Services Group Inc (NYSE PNC) opened at $146.26 on Friday. The firm has a market capitalization of $69,038.74, a PE ratio of 17.72, a PEG ratio of 1.94 and a beta of 0.90. PNC Financial Services Group Inc has a 52 week low of $113.66 and a 52 week high of $147.28. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.03. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.84 EPS. sell-side analysts anticipate that PNC Financial Services Group Inc will post 8.44 earnings per share for the current fiscal year.

PNC has been the subject of several recent analyst reports. Robert W. Baird restated a “buy” rating and issued a $135.00 price target on shares of PNC Financial Services Group in a report on Monday, August 28th. Piper Jaffray Companies restated a “buy” rating and issued a $134.00 price target on shares of PNC Financial Services Group in a report on Sunday, August 27th. Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Tuesday, September 5th. Deutsche Bank restated a “hold” rating and issued a $136.00 price target (up previously from $130.00) on shares of PNC Financial Services Group in a report on Tuesday, September 26th. Finally, Nomura lifted their price target on PNC Financial Services Group from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, September 28th. Sixteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $136.83.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PNC. AXA lifted its position in PNC Financial Services Group by 2.1% during the 3rd quarter. AXA now owns 337,039 shares of the financial services provider’s stock worth $45,423,000 after acquiring an additional 6,903 shares in the last quarter. Wagner Bowman Management Corp lifted its position in PNC Financial Services Group by 16.7% during the 3rd quarter. Wagner Bowman Management Corp now owns 2,993 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 428 shares in the last quarter. Shelton Capital Management lifted its position in PNC Financial Services Group by 5.6% during the 3rd quarter. Shelton Capital Management now owns 21,881 shares of the financial services provider’s stock worth $2,949,000 after acquiring an additional 1,160 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in PNC Financial Services Group during the 3rd quarter worth approximately $504,000. Finally, Public Employees Retirement System of Ohio lifted its position in PNC Financial Services Group by 3.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 356,301 shares of the financial services provider’s stock worth $48,019,000 after acquiring an additional 12,265 shares in the last quarter. 81.48% of the stock is currently owned by institutional investors and hedge funds.

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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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