Trade Report: Today, PNC Financial Services Group Inc. (PNC) Cut to Market Perform at Keefe, Bruyette & Woods

Today, PNC Financial Services Group Inc. (PNC) Cut to Market Perform at Keefe, Bruyette & Woods

PNC Financial Services Group Inc. (NYSE:PNC) was downgraded by investment analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, The Fly reports.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Vetr lowered PNC Financial Services Group from a “sell” rating to a “strong sell” rating and set a $95.30 price objective on the stock. in a research report on Tuesday, November 15th. RBC Capital Markets reiterated a “buy” rating and set a $95.00 price objective on shares of PNC Financial Services Group in a research report on Thursday, November 3rd. Finally, Argus upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $88.03 to $98.00 in a research report on Monday, October 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. PNC Financial Services Group currently has an average rating of “Hold” and an average price target of $97.20.

PNC Financial Services Group (NYSE:PNC) opened at 109.80 on Tuesday. The firm has a market capitalization of $53.42 billion, a price-to-earnings ratio of 15.27 and a beta of 0.82. The firm has a 50-day moving average price of $98.79 and a 200 day moving average price of $89.39. PNC Financial Services Group has a 52 week low of $77.40 and a 52 week high of $112.07.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, October 14th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.78 by $0.06. The firm had revenue of $3.83 billion for the quarter. PNC Financial Services Group had a return on equity of 9.04% and a net margin of 23.77%. PNC Financial Services Group’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 earnings per share. On average, equities research analysts forecast that PNC Financial Services Group will post $7.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Monday, October 17th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 30.51%.

In related news, insider Robert Q. Reilly sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $95.49, for a total transaction of $2,100,780.00. Following the completion of the transaction, the insider now owns 104,803 shares of the company’s stock, valued at approximately $10,007,638.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph E. Rockey sold 16,400 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $92.93, for a total value of $1,524,052.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PNC. Gierl Augustine Investment Management Inc raised its stake in PNC Financial Services Group by 0.5% in the third quarter. Gierl Augustine Investment Management Inc now owns 2,200 shares of the company’s stock worth $198,000 after buying an additional 12 shares during the last quarter. Hudock Capital Group LLC raised its stake in PNC Financial Services Group by 0.5% in the third quarter. Hudock Capital Group LLC now owns 3,118 shares of the company’s stock worth $280,000 after buying an additional 14 shares during the last quarter. Gratus Capital LLC raised its stake in PNC Financial Services Group by 0.4% in the second quarter. Gratus Capital LLC now owns 4,246 shares of the company’s stock worth $346,000 after buying an additional 19 shares during the last quarter. Alpha Windward LLC raised its stake in PNC Financial Services Group by 0.7% in the third quarter. Alpha Windward LLC now owns 2,994 shares of the company’s stock worth $270,000 after buying an additional 20 shares during the last quarter. Finally, First Financial Bank N.A. Trust Division raised its stake in PNC Financial Services Group by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 4,775 shares of the company’s stock worth $431,000 after buying an additional 25 shares during the last quarter. 80.90% of the stock is owned by institutional investors.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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Trade Report: Today, PNC Financial Services Group Inc. (PNC) Cut to Market Perform at Keefe, Bruyette & Woods

Today, PNC Financial Services Group Inc. (PNC) Cut to Market Perform at Keefe, Bruyette & Woods

PNC Financial Services Group Inc. (NYSE:PNC) was downgraded by investment analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Tuesday, The Fly reports.

Several other equities analysts have also commented on the company. Zacks Investment Research lowered PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Vetr lowered PNC Financial Services Group from a “sell” rating to a “strong sell” rating and set a $95.30 price objective on the stock. in a research report on Tuesday, November 15th. RBC Capital Markets reiterated a “buy” rating and set a $95.00 price objective on shares of PNC Financial Services Group in a research report on Thursday, November 3rd. Finally, Argus upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $88.03 to $98.00 in a research report on Monday, October 17th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. PNC Financial Services Group currently has an average rating of “Hold” and an average price target of $97.20.

PNC Financial Services Group (NYSE:PNC) opened at 109.80 on Tuesday. The firm has a market capitalization of $53.42 billion, a price-to-earnings ratio of 15.27 and a beta of 0.82. The firm has a 50-day moving average price of $98.79 and a 200 day moving average price of $89.39. PNC Financial Services Group has a 52 week low of $77.40 and a 52 week high of $112.07.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, October 14th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.78 by $0.06. The firm had revenue of $3.83 billion for the quarter. PNC Financial Services Group had a return on equity of 9.04% and a net margin of 23.77%. PNC Financial Services Group’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.90 earnings per share. On average, equities research analysts forecast that PNC Financial Services Group will post $7.16 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Monday, October 17th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, October 13th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 30.51%.

In related news, insider Robert Q. Reilly sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $95.49, for a total transaction of $2,100,780.00. Following the completion of the transaction, the insider now owns 104,803 shares of the company’s stock, valued at approximately $10,007,638.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joseph E. Rockey sold 16,400 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $92.93, for a total value of $1,524,052.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of PNC. Gierl Augustine Investment Management Inc raised its stake in PNC Financial Services Group by 0.5% in the third quarter. Gierl Augustine Investment Management Inc now owns 2,200 shares of the company’s stock worth $198,000 after buying an additional 12 shares during the last quarter. Hudock Capital Group LLC raised its stake in PNC Financial Services Group by 0.5% in the third quarter. Hudock Capital Group LLC now owns 3,118 shares of the company’s stock worth $280,000 after buying an additional 14 shares during the last quarter. Gratus Capital LLC raised its stake in PNC Financial Services Group by 0.4% in the second quarter. Gratus Capital LLC now owns 4,246 shares of the company’s stock worth $346,000 after buying an additional 19 shares during the last quarter. Alpha Windward LLC raised its stake in PNC Financial Services Group by 0.7% in the third quarter. Alpha Windward LLC now owns 2,994 shares of the company’s stock worth $270,000 after buying an additional 20 shares during the last quarter. Finally, First Financial Bank N.A. Trust Division raised its stake in PNC Financial Services Group by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 4,775 shares of the company’s stock worth $431,000 after buying an additional 25 shares during the last quarter. 80.90% of the stock is owned by institutional investors.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

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