Favorable News Coverage Somewhat Unlikely to Affect PNC Financial Services Group (PNC) Share Price
Headlines about PNC Financial Services Group (NYSE:PNC) have trended positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. PNC Financial Services Group earned a media sentiment score of 0.40 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.8250493834562 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- The PNC Financial Services Group, Inc., (NYSE: PNC) – Technical Indicators under Consideration – Stock Watch (stocksnewstimes.com)
- Trending Stock — The PNC Financial Services Group, Inc. (PNC) – usstockjournal (usstockjournal.com)
- Banks Pay Big Bucks for Top Billing on College Campuses – Fox Business (foxbusiness.com)
- [$$] Banks Pay Big Bucks for Top Billing on College Campuses (finance.yahoo.com)
- PNC Appoints Linda R. Medler and Martin Pfinsgraff as New Directors (prnewswire.com)
Shares of PNC Financial Services Group (NYSE PNC) traded down $1.28 on Tuesday, reaching $157.93. The company had a trading volume of 731,737 shares, compared to its average volume of 2,299,370. PNC Financial Services Group has a 52 week low of $115.25 and a 52 week high of $160.07. The stock has a market cap of $75,046.18, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.50 and a beta of 0.90. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24.
The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be paid a $0.75 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $3.00 annualized dividend and a yield of 1.90%. PNC Financial Services Group’s dividend payout ratio is currently 28.85%.
A number of brokerages recently issued reports on PNC. Credit Suisse Group increased their target price on PNC Financial Services Group from $135.00 to $137.00 and gave the stock a “neutral” rating in a report on Monday, October 16th. Royal Bank of Canada increased their price target on PNC Financial Services Group from $130.00 to $145.00 and gave the company a “top pick” rating in a research report on Monday, October 16th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Tuesday, October 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $134.00 price target on shares of PNC Financial Services Group in a research report on Wednesday, October 4th. Finally, Nomura increased their price target on PNC Financial Services Group from $132.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. Eighteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. PNC Financial Services Group presently has an average rating of “Hold” and a consensus price target of $144.02.
In other PNC Financial Services Group news, insider E William Parsley III sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total value of $3,467,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Orlando C. Esposito sold 4,505 shares of PNC Financial Services Group stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $138.85, for a total value of $625,519.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,399 shares of company stock valued at $15,523,032. 0.43% of the stock is owned by corporate insiders.
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About PNC Financial Services Group
The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.
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