NYSE:PNC - PNC Financial Services Group Stock Price, Forecast & News

PNC Financial Services Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNC."

PNC Financial Services Group announced a quarterly dividend on Thursday, January 2nd. Shareholders of record on Friday, January 17th will be given a dividend of $1.15 per share on Wednesday, February 5th. This represents a $4.60 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, January 16th. View PNC Financial Services Group's Dividend History.

PNC Financial Services Group declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 8th 2018, which authorizes the company to buyback $900,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its stock is undervalued.

PNC Financial Services Group Inc (NYSE:PNC) posted its quarterly earnings data on Wednesday, January, 15th. The financial services provider reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $2.92 by $0.05. The financial services provider earned $4.61 billion during the quarter, compared to analyst estimates of $4.48 billion. PNC Financial Services Group had a return on equity of 10.92% and a net margin of 24.83%. PNC Financial Services Group's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.75 EPS. View PNC Financial Services Group's Earnings History.

PNC Financial Services Group is scheduled to release their next quarterly earnings announcement on Friday, April 10th 2020. View Earnings Estimates for PNC Financial Services Group.

12 brokerages have issued 1 year target prices for PNC Financial Services Group's stock. Their forecasts range from $123.89 to $181.00. On average, they anticipate PNC Financial Services Group's share price to reach $154.39 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Price Targets for PNC Financial Services Group.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PNC Financial Services Group in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PNC Financial Services Group.

Headlines about PNC stock have been trending positive recently, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PNC Financial Services Group earned a daily sentiment score of 3.0 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for PNC Financial Services Group.

PNC Financial Services Group saw a decrease in short interest in December. As of December 13th, there was short interest totalling 4,790,000 shares, a decrease of 7.4% from the November 28th total of 5,170,000 shares. Based on an average trading volume of 1,710,000 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.1% of the shares of the stock are short sold. View PNC Financial Services Group's Current Options Chain.

Some companies that are related to PNC Financial Services Group include Truist Financial (TFC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), First Republic Bank (FRC), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Zions Bancorporation NA (ZION), Commerce Bancshares (CBSH), Signature Bank (SBNY), TCF Financial (TCF), East West Bancorp (EWBC) and BOK Financial (BOKF).

Based on aggregate information from My MarketBeat watchlists, some companies that other PNC Financial Services Group investors own include JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Cisco Systems (CSCO), AT&T (T), Intel (INTC), Procter & Gamble (PG), Johnson & Johnson (JNJ), Bank of America (BAC), Exxon Mobil (XOM) and Visa (V).

PNC Financial Services Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include Boston Trust Walden Corp (0.14%), Hexavest Inc. (0.09%), Donaldson Capital Management LLC (0.06%), Nisa Investment Advisors LLC (0.05%), Huntington National Bank (0.04%) and PGGM Investments (0.03%). Company insiders that own PNC Financial Services Group stock include Charles E Bunch, E William Parsley III, Gregory B Jordan, Gregory H Kozich, Joseph E Rockey, Karen L Larrimer, Martin Pfinsgraff, Michael J Hannon, Michael P Lyons, Robert Q Reilly, Stacy M Juchno, Vicki C Henn, William S Demchak and Wyk Steven C Van. View Institutional Ownership Trends for PNC Financial Services Group.

PNC stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Assenagon Asset Management S.A., Meag Munich Ergo Kapitalanlagegesellschaft MBH, Nisa Investment Advisors LLC, State of Alaska Department of Revenue, Dalton Greiner Hartman Maher & Co., Cardinal Capital Management Inc. and TIAA FSB. Company insiders that have sold PNC Financial Services Group company stock in the last year include E William Parsley III, Gregory B Jordan, Gregory H Kozich, Joseph E Rockey, Karen L Larrimer, Michael J Hannon, Michael P Lyons, Robert Q Reilly, Stacy M Juchno, Vicki C Henn and William S Demchak. View Insider Buying and Selling for PNC Financial Services Group.

PNC stock was purchased by a variety of institutional investors in the last quarter, including Hexavest Inc., Donaldson Capital Management LLC, Chesley Taft & Associates LLC, Sciencast Management LP, United Services Automobile Association, Sanders Morris Harris LLC, Viking Fund Management LLC and Hudson Valley Investment Advisors Inc. ADV. Company insiders that have bought PNC Financial Services Group stock in the last two years include Charles E Bunch and Martin Pfinsgraff. View Insider Buying and Selling for PNC Financial Services Group.

Shares of PNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PNC stock can currently be purchased for approximately $153.36.

PNC Financial Services Group has a market capitalization of $68.29 billion and generates $21.62 billion in revenue each year. The financial services provider earns $5.30 billion in net income (profit) each year or $11.39 on an earnings per share basis. PNC Financial Services Group employs 53,063 workers across the globe.View Additional Information About PNC Financial Services Group.

The official website for PNC Financial Services Group is http://www.pnc.com/.

PNC Financial Services Group's mailing address is THE TOWER AT PNC PLAZA 300 FIFTH AVENUE, PITTSBURGH PA, 15222. The financial services provider can be reached via phone at 888-762-2265 or via email at [email protected]