News coverage about PNC Financial Services Group (NYSE:PNC) has trended positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. PNC Financial Services Group earned a news impact score of 0.47 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.806147637328 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Northern Trust (NTRS) Q1 Earnings and Revenues Increase Y/Y (finance.yahoo.com)
- Q2 2018 EPS Estimates for PNC Financial Services Group Inc (PNC) Cut by Analyst (americanbankingnews.com)
- PNC Financial Services (PNC) Q1 2018 Earnings Conference Call Transcript (finance.yahoo.com)
- Bank Notes: Why big bank stock fell despite strong 1Q earnings (finance.yahoo.com)
- PNC Financial Services Group Inc (PNC) Expected to Announce Quarterly Sales of $4.28 Billion (americanbankingnews.com)
Shares of NYSE:PNC traded down $3.18 during trading on Tuesday, hitting $140.66. The company had a trading volume of 2,036,039 shares, compared to its average volume of 2,343,125. The firm has a market capitalization of $68,597.54, a price-to-earnings ratio of 16.92, a PEG ratio of 1.34 and a beta of 0.91. PNC Financial Services Group has a one year low of $115.66 and a one year high of $163.59. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.94.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, May 5th. Investors of record on Monday, April 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, April 13th. PNC Financial Services Group’s dividend payout ratio is currently 35.29%.
A number of research firms have weighed in on PNC. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $162.00 target price on shares of PNC Financial Services Group in a report on Friday, December 22nd. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Tuesday, December 26th. Oppenheimer reissued a “hold” rating on shares of PNC Financial Services Group in a report on Tuesday, January 16th. Wells Fargo set a $149.00 price target on PNC Financial Services Group and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Credit Suisse Group restated a “hold” rating and issued a $150.00 price target on shares of PNC Financial Services Group in a research report on Friday, January 5th. Twenty equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. PNC Financial Services Group presently has an average rating of “Hold” and a consensus price target of $146.89.
In related news, insider Michael J. Hannon sold 8,011 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total transaction of $1,235,296.20. Following the completion of the sale, the insider now directly owns 58,820 shares of the company’s stock, valued at approximately $9,070,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
About PNC Financial Services Group
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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