News stories about PNC Financial Services Group (NYSE:PNC) have trended positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing 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 0.45 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.3362474866667 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- PNC Financial Services Group Inc (PNC) Position Decreased by Credit Agricole S A (americanbankingnews.com)
- PNC Financial Services Group Inc (PNC) Shares Bought by Carnegie Capital Asset Management LLC (americanbankingnews.com)
- Calamos Advisors LLC Purchases 19,615 Shares of PNC Financial Services Group Inc (PNC) (americanbankingnews.com)
- Carillon Tower Advisers Inc. Acquires New Position in PNC Financial Services Group Inc (PNC) (americanbankingnews.com)
- PNC Financial Services Group Inc (PNC) Stake Increased by Calamos Wealth Management LLC (americanbankingnews.com)
A number of equities research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating on shares of PNC Financial Services Group in a research note on Thursday, January 25th. ValuEngine lowered shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co set a $157.00 price objective on shares of PNC Financial Services Group and gave the company a “hold” rating in a research note on Tuesday, January 16th. Royal Bank of Canada upped their price objective on shares of PNC Financial Services Group to $170.00 and gave the company an “average” rating in a research note on Friday, January 12th. Finally, Argus upped their price objective on shares of PNC Financial Services Group to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Nineteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $145.98.
PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company posted $1.97 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. analysts anticipate that PNC Financial Services Group will post 10.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th were issued a dividend of $0.75 per share. The ex-dividend date was Tuesday, January 16th. This represents a $3.00 annualized dividend and a yield of 1.92%. PNC Financial Services Group’s payout ratio is 28.76%.
In other PNC Financial Services Group news, insider E William Parsley III sold 46,307 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $143.43, for a total transaction of $6,641,813.01. Following the transaction, the insider now owns 132,544 shares in the company, valued at $19,010,785.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Q. Reilly sold 19,576 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the transaction, the insider now owns 103,299 shares in the company, valued at approximately $15,031,037.49. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,894 shares of company stock worth $11,430,513. Corporate insiders own 0.43% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Favorable Media Coverage Somewhat Unlikely to Affect PNC Financial Services Group (PNC) Stock Price” was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3231675/favorable-media-coverage-somewhat-unlikely-to-affect-pnc-financial-services-group-pnc-stock-price.html.
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.
Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.