PNC Financial Services Group (NYSE:PNC) announced its earnings results on Thursday. The financial services provider reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09, Bloomberg Earnings reports. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the firm earned $1.97 EPS. PNC Financial Services Group’s quarterly revenue was up 10.0% on a year-over-year basis.
Shares of PNC Financial Services Group (PNC) opened at $151.49 on Friday. PNC Financial Services Group has a 52-week low of $113.66 and a 52-week high of $151.49. The stock has a market capitalization of $72,080.00, a PE ratio of 18.45, a PEG ratio of 1.72 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Wednesday, January 17th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, January 16th. PNC Financial Services Group’s payout ratio is 22.53%.
Several equities research analysts have recently issued reports on the company. Nomura raised their price objective on PNC Financial Services Group from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Robert W. Baird restated a “buy” rating and set a $135.00 price objective on shares of PNC Financial Services Group in a report on Sunday, October 1st. Piper Jaffray Companies raised their price objective on PNC Financial Services Group from $134.00 to $147.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. ValuEngine cut PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada restated a “buy” rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Seventeen equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $141.08.
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.
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