Commerzbank Aktiengesellschaft FI grew its place in shares of The PNC Monetary Providers Group, Inc. (NYSE:PNC – Free Report) by 193.9% within the third quarter, HoldingsChannel studies. The agency owned 4,511 shares of the monetary providers supplier’s inventory after shopping for an extra 2,976 shares in the course of the quarter. Commerzbank Aktiengesellschaft FI’s holdings in The PNC Monetary Providers Group have been price $834,000 on the finish of the newest reporting interval.
Different institutional traders have additionally just lately made modifications to their positions within the firm. BSN CAPITAL PARTNERS Ltd bought a brand new place in shares of The PNC Monetary Providers Group in the course of the third quarter valued at about $12,548,000. Bleakley Monetary Group LLC grew its place in shares of The PNC Monetary Providers Group by 9.0% in the course of the third quarter. Bleakley Monetary Group LLC now owns 15,758 shares of the monetary providers supplier’s inventory valued at $2,913,000 after buying an extra 1,299 shares within the final quarter. Deerfield Administration Firm L.P. Collection C bought a brand new place in shares of The PNC Monetary Providers Group in the course of the second quarter valued at about $822,000. Fairness Funding Corp grew its place in shares of The PNC Monetary Providers Group by 3.4% in the course of the first quarter. Fairness Funding Corp now owns 682,532 shares of the monetary providers supplier’s inventory valued at $110,297,000 after buying an extra 22,188 shares within the final quarter. Lastly, Duality Advisers LP lifted its holdings in shares of The PNC Monetary Providers Group by 108.5% within the 1st quarter. Duality Advisers LP now owns 20,641 shares of the monetary providers supplier’s inventory valued at $3,336,000 after buying an extra 10,743 shares over the past quarter. Hedge funds and different institutional traders personal 83.53% of the corporate’s inventory.
The PNC Monetary Providers Group Inventory Efficiency
Shares of NYSE:PNC opened at $188.21 on Thursday. The agency has a market cap of $74.81 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of two.02 and a beta of 1.14. The agency’s 50 day easy transferring common is $181.96 and its 200-day easy transferring common is $167.82. The PNC Monetary Providers Group, Inc. has a one yr low of $109.40 and a one yr excessive of $196.64. The corporate has a debt-to-equity ratio of 1.22, a fast ratio of 0.82 and a present ratio of 0.81.
The PNC Monetary Providers Group (NYSE:PNC – Get Free Report) final issued its earnings outcomes on Tuesday, October fifteenth. The monetary providers supplier reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.19. The enterprise had income of $5.43 billion for the quarter, in comparison with analyst estimates of $5.39 billion. The PNC Monetary Providers Group had a internet margin of 14.97% and a return on fairness of 10.88%. The corporate’s quarterly income was up 3.8% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the corporate posted $3.60 earnings per share. As a bunch, equities analysts predict that The PNC Monetary Providers Group, Inc. will publish 13.3 EPS for the present yr.
The PNC Monetary Providers Group Declares Dividend
The agency additionally just lately disclosed a quarterly dividend, which shall be paid on Tuesday, November fifth. Buyers of document on Wednesday, October sixteenth shall be issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of three.40%. The ex-dividend date of this dividend is Wednesday, October sixteenth. The PNC Monetary Providers Group’s payout ratio is 54.10%.
Insider Exercise at The PNC Monetary Providers Group
In associated information, CEO William S. Demchak bought 1,242 shares of The PNC Monetary Providers Group inventory in a transaction that occurred on Friday, July twenty sixth. The shares have been bought at a median value of $180.48, for a complete transaction of $224,156.16. Following the transaction, the chief govt officer now immediately owns 560,911 shares of the corporate’s inventory, valued at $101,233,217.28. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is out there by way of this hyperlink. In associated information, CEO William S. Demchak bought 1,242 shares of The PNC Monetary Providers Group inventory in a transaction that occurred on Friday, July twenty sixth. The shares have been bought at a median value of $180.48, for a complete transaction of $224,156.16. Following the transaction, the chief govt officer now immediately owns 560,911 shares of the corporate’s inventory, valued at $101,233,217.28. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is out there by way of this hyperlink. Additionally, President Michael P. Lyons bought 11,000 shares of The PNC Monetary Providers Group inventory in a transaction that occurred on Wednesday, July thirty first. The shares have been bought at a median value of $181.58, for a complete transaction of $1,997,380.00. Following the transaction, the president now immediately owns 199,095 shares within the firm, valued at roughly $36,151,670.10. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Insiders have bought a complete of 24,662 shares of firm inventory valued at $4,459,819 over the past ninety days. 0.42% of the inventory is owned by firm insiders.
Analysts Set New Worth Targets
PNC has been the topic of quite a few analyst studies. Royal Financial institution of Canada elevated their value goal on shares of The PNC Monetary Providers Group from $155.00 to $184.00 and gave the corporate an “outperform” score in a report on Wednesday, July seventeenth. Financial institution of America raised shares of The PNC Monetary Providers Group from a “impartial” score to a “purchase” score and elevated their value goal for the corporate from $185.00 to $200.00 in a report on Thursday, August fifteenth. Wells Fargo & Firm elevated their value goal on shares of The PNC Monetary Providers Group from $204.00 to $215.00 and gave the corporate an “chubby” score in a report on Wednesday, October sixteenth. Keefe, Bruyette & Woods elevated their value goal on shares of The PNC Monetary Providers Group from $180.00 to $182.00 and gave the corporate an “underperform” score in a report on Wednesday, October sixteenth. Lastly, Citigroup elevated their value goal on shares of The PNC Monetary Providers Group from $175.00 to $200.00 and gave the corporate a “purchase” score in a report on Wednesday, July seventeenth. Two analysis analysts have rated the inventory with a promote score, seven have given a maintain score and 9 have assigned a purchase score to the corporate. In accordance with information from MarketBeat, the corporate presently has a consensus score of “Maintain” and a median value goal of $185.71.
Examine Out Our Newest Inventory Report on PNC
The PNC Monetary Providers Group Firm Profile
The PNC Monetary Providers Group, Inc operates as a diversified monetary providers firm in the USA. It operates by way of three segments: Retail Banking, Company & Institutional Banking, and Asset Administration Group segments. The corporate’s Retail Banking phase presents checking, financial savings, and cash market accounts, in addition to time deposit; residential mortgages, dwelling fairness loans and contours of credit score, auto loans, bank cards, schooling loans, and private and small enterprise loans and contours of credit score; and brokerage, insurance coverage, and funding and money administration providers.
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