As of Friday close, The PNC Financial Services Group Inc.’s (NYSE:PNC) stock was down -$1.56, moving down -1.17 percent to $131.46. The average number of shares traded per day over the past five days has been 2,391,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.04 fall in that time frame. In the last twenty days, the average volume was 2,761,870, while in the previous 50 days, it was 2,518,968.
Since last month, PNC stock rose 6.12%. Shares of the company fell to $121.63 on 07/06/23, the lowest level in the past month. A 52-week high of $176.34 was reached on 01/12/23 after having rallying from a 52-week low of $110.31. Since the beginning of this year, PNC’s stock price has dropped by -16.77% or -$26.48, and marked a new high 4 times. However, the stock has declined by -25.45% since its 52-week high.
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PNC stock investors should be aware that The PNC Financial Services Group Inc. (PNC) stock had its last reported insider trading activity 59 days ago on Jun 07. Salesky Bryan Scott, the Director of the company, purchased of 400 shares for $127.10 on Jun 07. It resulted in a $50,840 investment by the insider. ALVARADO JOSEPH added 1,000 shares at an average price of $123.89 on Apr 21. The insider now owns 1,100 shares following the transaction. On Mar 15, Executive Vice President Fallon Kieran John bought 1,000 shares at $125.45 apiece. The transaction was valued at $125,450.
Valuation Metrics
Right now, The PNC Financial Services Group Inc. (PNC) has a P/E ratio of about 9.50. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 3.33, the price-to-book (PB) ratio of 1.07, and the price-to-cash flow ratio of 7.68 may also be considered.
The latest dividend of $1.55 per share was paid out, which is 3.33% more than last year’s $1.50. On Monday July 3 2023, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.59, and the total debt-to-equity ratio was 0.59. In the year ended June 29, operating margins totaled 81.20%. Based on annual data, PNC earned $13.01 billion in gross profit and brought in $15.44 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.40%. Return on equity (ROE) for the past 12 months was 12.10%.
In The PNC Financial Services Group Inc.’s quarter-end financial report for June 29, it reported total debt of $5.55 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected The PNC Financial Services Group Inc. to report $3.28 quarterly earnings, the actual figure was $3.36 per share, beating the consensus estimate by 2.40%. The value of shareholders’ equity is $398.25 million.
Technical Picture
This quick technical analysis looks at The PNC Financial Services Group Inc.’s (PNC) price momentum. With a historical volatility rate of 22.02%, the RSI 9-day stood at 46.15% on 04 August.
With respect to its five-day moving average, the current The PNC Financial Services Group Inc. price is down by -2.98% percent or -$4.04. At present, PNC shares trade +4.66% above its 20-day simple moving average and +1.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.21% above its SMA50 and -15.65% below its SMA200.
Stochastic coefficient K was 66.09% and Stochastic coefficient D was 76.34%, while ATR was 2.98. Given the Stochastic reading of 55.11% for the 14-day period, the RSI (14) reading has been calculated as 51.02%. As of today, the MACD Oscillator reading stands at -1.48, while the 14-day reading stands at -1.11.
Analyst Ratings
The PNC Financial Services Group Inc. downgraded its rating on The PNC Financial Services Group Inc. (NYSE: PNC) to a Hold in a note to investors on July 21, 2023. The analysts firm previously had a Buy rating on the stock.The PNC Financial Services Group Inc. (PNC) has been rated Overweight by analysts. According to 2 brokerage firms, PNC is a sell, and 12 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate The PNC Financial Services Group Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $139.50, the current consensus forecast for the stock is $112.00 – $176.00. Based on these forecasts, analysts predict The PNC Financial Services Group Inc. (PNC) will achieve an average price target of $141.04.
