PNC Financial Services Group Inc (NYSE:PNC) finished Friday with a subtraction of -$0.06 to close at $122.77, a downside of -0.05 percent. An average of 1,807,100 shares of common stock have been traded in the last five days. There was a gain of $1.92 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,995,265 shares traded, while the 50-day average volume stands at 2,002,754.
PNC stock has increased by 1.90% in the last month. The company shares reached their 1-month lowest point of $115.02 on 09/08/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $110.31 and a high of $170.27 in 52 weeks. It has reached a new high 4 times so far this year and lost -22.27% or -$35.17 in price. In spite of this, the price is down -27.90% from the 52-week high.
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Insider Transactions
PNC stock investors should be aware that PNC Financial Services Group Inc (PNC) stock had its last reported insider trading activity 200 days ago on Jun 07. In this transaction, the insider spent $751,992. Executive Vice President, Deborah Guild, disposed of 2,833 shares at a price of $159.66 on Nov 17. The insider now owns more than $452,307 worth of shares.
Valuation Metrics
PNC Financial Services Group Inc (PNC) has a trailing price-to-earnings (P/E) ratio of 8.42. The stock’s beta is 1.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.70, the price-to-book (PB) ratio at 1.16, and the price-to-cash flow ratio at 4.51.
The company has a payout ratio of 41.50%. The company’s most recent quarterly dividend payment was $1.55 a share, representing a up of 3.33% from $1.50 last year. Its latest increase dividend $0.05 reported on Monday July 3 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.25 and a total debt to equity ratio of 1.33 for the quarter ending June 29. Its gross profit as reported stood at $13.01 billion compared to revenue of $15.44 billion.
Earnings Surprise
For the three-month period that ended June 29, PNC Financial Services Group Inc had $5.55 billion in total debt. The analyst consensus anticipated PNC Financial Services Group Inc’s latest quarter earnings to come in at $3.28 per share, but it turned out to be $3.36, a 2.40% surprise. At the end of the quarter ending June 29, PNC Financial Services Group Inc’s stock balance sheet showed total debt was $69.95 billion. Shareholders own equity worth $398.25 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PNC Financial Services Group Inc (PNC) price momentum. RSI 9-day as of the close on 29 September was 51.42%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.68%.
As of today, PNC’s price is $122.32 +1.59% or $1.92 from its 5-day moving average. PNC is currently trading +1.69% higher than its 20-day SMA and +4.94% higher than its 100-day SMA. However, the stock’s current price level is -8.37% below the SMA50 and -21.65% below the SMA200.
The stochastic %K and %D were 52.71% and 54.16%, respectively, and the average true range (ATR) was 2.42. With the 14-day stochastic at 50.50% and the average true range at 2.55, the RSI (14) stands at 49.91%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -1.05.
Analyst Ratings
HSBC Securities launched coverage on PNC Financial Services Group Inc (NYSE: PNC) in its analyst report released on September 07, 2023. The firm assigned the stock a Reduce rating.
