The PNC Financial Services Group Inc. (NYSE:PNC) saw an upside of 1.12% to close Tuesday at $203.30 after adding $2.25 on the day. The 5-day average trading volume is 1,461,020 shares of the company’s common stock. It has gained $204.93 in the past week. An average of 1,603,110 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,609,594.
PNC’s 1-month performance is 4.55% or $11.64 on its low of $181.68 reached on 09/20/21. The company’s shares have touched a 52-week low of $106.85 and high of $204.93, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, PNC has achieved 36.44% or $54.30. However, the current price is down -0.80%% from the 52-week high price.
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On Oct 01, 12 days have gone by since the last insider trading activity for The PNC Financial Services Group Inc. (PNC). Fallon Kieran John (Executive Vice President) most recently sold 125 shares at $194.53 per share on Oct 01. This transaction cost the insider $24,316. Executive Vice President, Fallon Kieran John, sold 125 shares at a price of $191.61 on Sep 16. Then, on Sep 01, Executive Vice President Fallon Kieran John sold 125 shares at a price of $191.75 per share. This transaction amounted to $23,969.
The company’s PE ratio for the last five years has touched a high of 17.90 and a low of 6.079. PNC stock has a beta of 1.36. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.24 while the price-to-book (PB) in the most recent quarter is 1.59, with the price to cash flow ratio at 33.70.
The PNC Financial Services Group Inc. pays an annual dividend of $5.00 per share. Its dividend yield is 2.46% and the payout ratio is 34.80%. PNC paid $1.25 a share compared with prior rate of $1.25, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.10 reported on Thursday July 1 2021. Measured over the last 3 years, the Dividend has been growing by 76.92% yearly.
It is projected that The PNC Financial Services Group Inc.’s next ex-dividend date will be on 14-Oct-2021. PNC is expected to distribute $1.25 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.64, while the total debt to equity was 0.64 while for the period ending June 29; The PNC Financial Services Group Inc.’s operating margin was 96.60%. The firm’s gross profit as reported stood at $9.95 billion against revenue of $11.31 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PNC to announce $3.1 per share in earnings in its latest quarter, but it posted $2.43, representing a -21.60% surprise. PNC stock balance sheet for the quarter ending June 29 shows that, with total debt at $35.53 billion. Shareholders hold equity totaling $424.99 million
Let’s look briefly at The PNC Financial Services Group Inc. (PNC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 68.46% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.27%.
The stock’s 5-day moving average is $201.95, reflecting a +1.40% or $2.81 change from its current price. PNC is currently trading +7.94% above its 20-day SMA, +6.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +11.84% and +39.10% respectively.
Stochastic %K and %D was 87.84% and 89.85% and the average true range (ATR) pointed at 4.06. The RSI (14) points at 64.93%, while the 14-day stochastic is at 89.48% with the period’s ATR at 4.10. The stock’s 9-day MACD Oscillator is pointing at 2.12 and 3.39 on the 14-day charts.
In the most recent analyst report for The PNC Financial Services Group Inc. (NYSE: PNC), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for PNC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PNC as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 7 have offered a “buy” rating.
What is PNC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $186.25 and a high of $238.00, with their median price target at $204.00. Looking at these predictions, the average price target given by analysts is for The PNC Financial Services Group Inc. (PNC) stock is $207.64.