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Friday, September 29, 2023

The PNC Financial Services Group Inc. (NYSE: PNC) May Be Attracting Institutional Investments

After Hours

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. 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 $0.03, or 0.02%, to $127.00. The The PNC Financial Services Group Inc. has recorded 47,510 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that PNC Survey Shows Business Owner Optimism Soars To 21-Year Record High While Hiring Concerns Linger.

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Stocks Info

The PNC Financial Services Group Inc. is listed on the NYSE as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $126.97 and fluctuated between $127.37 as its day high and $124.80 as its day low. The current market capitalization of The PNC Financial Services Group Inc. is $50.06B. A total of 2.4 million shares were traded on the day, compared to an average of 2.20M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, PNC has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 3,221 and the disposition of 0 shares. Over the last 12 months, there were 54 BUYs and 59 SELLs from insiders. Insiders purchased 217,188 shares during that period but sold 101,131.

In the most recent transaction, Salesky Bryan Scott bought 400 shares of PNC for 127.10 per share on Jun 07. After the transaction, the Director now owns 410 company shares. In a previous transaction on Apr 21, ALVARADO JOSEPH bought 1,000 shares at 123.89 per share. PNC shares that Director owns now total 1,100.

Among the insiders who bought shares, Fallon Kieran John acquired of 1,000 shares on Mar 15 at a per-share price of $125.45. This resulted in the Executive Vice President holding 12,046 shares of PNC after the transaction. In another insider transaction, Lyons Michael P. sold 5,800 shares at $129.65 per share on Mar 14. Company shares held by the Executive Vice President now total 189,834.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. The PNC Financial Services Group Inc. pays an annual dividend of $6.20, resulting in a dividend yield of 4.88%, and it has a price to earnings (P/E) ratio of 8.72. PNC’s most recent ex-dividend date was 7/14/2023 when it declared a $1.55 quarterly dividend that was paid in cash on 8/5/2023. Previously, the company paid the dividend on 5/5/2023 with an ex-dividend date of 4/17/2023. The PNC stock dividend was $1.50 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for PNC in the last 3 months, the mean price target is $139.98 with high estimates of $176.00 and low estimates of $110.00. In terms of 52-week highs and lows, PNC has a high of $170.27 and a low of $110.31.

As of this writing, PNC has an earnings estimate of $3.11 per share for the current quarter. EPS was calculated based on a consensus of 21 estimates, with a high estimate of $3.39 per share and a lower estimate of $2.31. The company reported an EPS of $3.98 in the last quarter, which was 8.40% higher than expectations of $3.67.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $122.99, while its Total Shareholder’s Equity was $55.73B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.31.

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