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Wednesday, February 1, 2023

What Are The Chances Of The PNC Financial Services Group Inc. (NYSE: PNC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for The PNC Financial Services Group Inc. (PNC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.72, or 0.44%, to $164.45. The The PNC Financial Services Group Inc. has recorded 163,468 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that PNC DECLARES DIVIDEND OF $1.50 ON COMMON STOCK.


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Stocks Info

As a NYSE listed company, PNC falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $163.73 and fluctuated between $166.10 as its day high and $160.65 as its day low. The current market capitalization of The PNC Financial Services Group Inc. is $65.99B. A total of 2.11 million shares were traded on the day, compared to an average of 2.17M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PNC has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,833 shares. Over the last 12 months, there were 49 BUYs and 58 SELLs from insiders. Insiders purchased 255,457 shares during that period but sold 125,163.

In the most recent transaction, Deborah Guild sold 2,833 shares of PNC for 159.66 per share on Nov 17. After the transaction, the Executive Vice President now owns 20,527 company shares. In a previous transaction on Aug 23, Lyons Michael P. sold 3,500 shares at 166.96 per share. PNC shares that Executive Vice President owns now total 174,651.

Among the insiders who bought shares, NIBLOCK ROBERT A acquired of 2,000 shares on May 06 at a per-share price of $167.07. This resulted in the Director holding 6,063 shares of PNC after the transaction. In another insider transaction, Deborah Guild sold 1,257 shares at $170.56 per share on May 03. Company shares held by the Executive Vice President now total 23,360.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. The PNC Financial Services Group Inc. pays an annual dividend of $6.00, resulting in a dividend yield of 3.66%, and it has a price to earnings (P/E) ratio of 12.36. PNC’s most recent ex-dividend date was when it declared a $1.50 quarterly dividend that was paid in cash on 2/5/2023. Previously, the company paid the dividend on 11/5/2022 with an ex-dividend date of 10/14/2022. The PNC stock dividend was $1.50 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PNC in the last 3 months, the mean price target is $180.02 with high estimates of $218.00 and low estimates of $149.00. In terms of 52-week highs and lows, PNC has a high of $228.14 and a low of $143.52.

As of this writing, PNC has an earnings estimate of $3.97 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $4.19 per share and a lower estimate of $3.75. The company reported an EPS of $3.39 in the last quarter, which was 8.70% higher than expectations of $3.12.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PNC is Sell with a score of 3.31. A total of 7 analysts rated the stock as Buy while 2 rated it as Overweight while 16 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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