5 times New Highs Were Reached By The PNC Financial Services Group Inc. (PNC) In The Last Five Days

The stock of The PNC Financial Services Group Inc. (NYSE:PNC) increased by increased by $3.35 on Friday to finish at $216.08, up 1.57 percent. The last five days have seen an average of 1,964,640 shares of common stock traded. 25 times new highs were reached in the current year, with a gain of $67.08. The average number of shares traded over the last 20 days was 1,787,905, while the average volume over the last 50 days totaled 1,682,748.

PNC stock appreciated 11.61% since last month. On 09/23/21, the company’s shares reached a one-month low of $189.44. The stock touched a high of $213.50 on 10/22/21, after rallying from a low of $106.85 in 52 weeks. The price of PNC stock has risen by 45.02% or $67.08 this year, reaching a new high 25 times. Still, the stock price is up 1.21% from the 52-week high.


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Insider Transactions

There have been 7 days since The PNC Financial Services Group Inc. (PNC) last reported insider trading activity on Oct 18. On Oct 18, Executive Vice President Fallon Kieran John sold 125 shares at $197.79 each. This transaction resulted in the insider making $24,724. On Oct 01, Fallon Kieran John sold 125 shares at a price of US$194.53. After the transaction, the insider now owns 7,678 shares. Executive Vice President Fallon Kieran John had earlier sold 125 shares on Sep 16 for $191.61 a share. The transaction was completed for $23,951.

Valuation Metrics

The PNC Financial Services Group Inc. (PNC) has a trailing price-to-earnings (P/E) ratio of 16.36. This level actually compares unfavorably with the industry at large, as the PE for the Banks – Regional industry stands at about 13.46. Further, its PE also compares unfavorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of The PNC Financial Services Group Inc. has varied between 17.90 and 6.079 in the last five years. Beta for the stock is 1.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.66, the price-to-book (PB) ratio of 1.69, and the price-to-cash flow ratio of 21.71.

The PNC Financial Services Group Inc.’s dividend is $5.00 per share per year. With a dividend yield of 2.31%, PNC has a payout ratio of 24.00%. Company paid $1.25 per share in dividends, remained unchanged from $1.25 last year. A $0.10 dividend increase was reported on Thursday July 1 2021, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by 76.92%.

The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.64, and the total debt to equity ratio is 0.64. The PNC Financial Services Group Inc.’s operating margin stood at 99.00% for the same period. Based on annual data, it had gross profit of $9.95 billion and revenue of $11.31 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PNC’s return on assets (ROA) during the last 12 months has been 1.70%. There was a 10.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.20%. ROE has averaged 11.10 in the past year for the broader industry.

Earnings Surprise

According to The PNC Financial Services Group Inc.’s quarterly financial report for the quarter that ended June 29. It was predicted that The PNC Financial Services Group Inc.’s quarterly earnings would be $2.43, but it ended up being $3.1, beating the consensus by -21.60%. At the end of The PNC Financial Services Group Inc.’s most recent quarter ended June 29, its total debt was $34.81 billion.

Technical Picture

Here’s a quick look at The PNC Financial Services Group Inc.’s (PNC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 79.67%, suggesting the stock is Overbought, with a 22.05% historical volatility rate.

The stochastic %K and %D were 95.94% and 93.72% respectively, while the average true range (ATR) was 4.61. Based on the 14-day stochastic reading of 93.16%, the RSI (14) reading is 74.41%. On the 9-day MACD Oscillator, the stock is at 7.65, and the 14-day reading is at 9.38.

Analyst Ratings

The PNC Financial Services Group Inc. (NYSE: PNC) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned The PNC Financial Services Group Inc. (PNC) an Overweight rating. PNC is a stock that is recommended for selling by 0 brokerage firms, while 14 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 3 rates it overweight and 6 others recommend it as a buy.

What is PNC’s price target for the next 12 months?

The current consensus forecast for the stock is between $186.25 and $238.00, with a median target price of $211.50. In analyzing these forecasts, the average price target given by analysts for The PNC Financial Services Group Inc. (PNC) is $208.89.

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