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Saturday, June 3, 2023

Searching For Real Value In Market Debris At The PNC Financial Services Group Inc. (NYSE: PNC)

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 $0.18, or 0.15%, to $120.60. The The PNC Financial Services Group Inc. has recorded 764,307 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted PNC EXECUTIVES TO SPEAK AT BERNSTEIN CONFERENCE.

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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 $120.42 and fluctuated between $120.45 as its day high and $117.81 as its day low. The current market capitalization of The PNC Financial Services Group Inc. is $48.74B. A total of 2.45 million shares were traded on the day, compared to an average of 4.46M 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 3 BUY and 2 SELL insider trades, representing the acquisition of 2,000 and the disposition of 10,086 shares. Over the last 12 months, there were 51 BUYs and 61 SELLs from insiders. Insiders purchased 212,567 shares during that period but sold 104,794.

In the most recent transaction, ALVARADO JOSEPH bought 1,000 shares of PNC for 123.89 per share on Apr 21. After the transaction, the Director now owns 1,100 company shares. In a previous transaction on Mar 15, Fallon Kieran John bought 1,000 shares at 125.45 per share. PNC shares that Executive Vice President owns now total 12,046.

Among the insiders who sold shares, Lyons Michael P. disposed of 5,800 shares on Mar 14 at a per-share price of $129.65. This resulted in the Executive Vice President holding 189,834 shares of PNC after the transaction. In another insider transaction, DEMCHAK WILLIAM S bought 1,000 shares at $129.70 per share on Mar 13. Company shares held by the President/CEO now total 525,349.


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 4.98%, and it has a price to earnings (P/E) ratio of 8.25. PNC’s most recent ex-dividend date was 4/17/2023 when it declared a $1.50 quarterly dividend that was paid in cash on 5/5/2023. Previously, the company paid the dividend on 2/5/2023 with an ex-dividend date of 1/13/2023. 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 $143.12 with high estimates of $186.00 and low estimates of $118.00. In terms of 52-week highs and lows, PNC has a high of $176.47 and a low of $110.31.

As of this writing, PNC has an earnings estimate of $Lincoln National Corporation per share for the current quarter. EPS was calculated based on a consensus of PNC Financial Services Group, I estimates, with a high estimate of $PTC Inc. per share and a lower estimate of $Centene Corporation.

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. Its Book Value Per Share was $122.30, while its Total Shareholder’s Equity was $55.73B.

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, 0 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 Buy with a score of 3.41.

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