PNC Financial Services Group Inc (NYSE:PNC) – Equities research analysts at Jefferies Financial Group upped their Q2 2019 earnings per share estimates for PNC Financial Services Group in a note issued to investors on Monday, April 15th. Jefferies Financial Group analyst K. Usdin now forecasts that the financial services provider will earn $2.88 per share for the quarter, up from their previous estimate of $2.82. Jefferies Financial Group also issued estimates for PNC Financial Services Group’s Q3 2019 earnings at $2.91 EPS and FY2019 earnings at $11.40 EPS.
PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.61. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.24 billion. PNC Financial Services Group had a net margin of 25.93% and a return on equity of 11.20%. During the same period in the prior year, the firm posted $2.43 EPS.
PNC opened at $133.15 on Wednesday. The company has a market cap of $59.45 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. PNC Financial Services Group has a 1 year low of $108.45 and a 1 year high of $152.29. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.91 and a quick ratio of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Tuesday, April 16th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Monday, April 15th. PNC Financial Services Group’s dividend payout ratio (DPR) is 35.48%.
In other PNC Financial Services Group news, insider Michael J. Hannon sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $124.82, for a total value of $624,100.00. Following the completion of the sale, the insider now owns 53,239 shares of the company’s stock, valued at $6,645,291.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin Pfinsgraff acquired 500 shares of the stock in a transaction on Thursday, February 21st. The stock was purchased at an average cost of $125.69 per share, with a total value of $62,845.00. The disclosure for this purchase can be found here. 0.37% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of PNC. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PNC Financial Services Group in the first quarter valued at approximately $25,000. IMS Capital Management acquired a new stake in PNC Financial Services Group in the third quarter valued at approximately $28,000. Executive Wealth Management LLC acquired a new stake in PNC Financial Services Group in the fourth quarter valued at approximately $29,000. Transamerica Financial Advisors Inc. acquired a new stake in PNC Financial Services Group in the fourth quarter valued at approximately $36,000. Finally, Athena Capital Advisors LLC acquired a new stake in PNC Financial Services Group in the fourth quarter valued at approximately $37,000. 82.27% of the stock is owned by institutional investors.
PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
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