1,650 institutions hold shares in The PNC Financial Services Group Inc. (PNC), with 1.17M shares held by insiders accounting for 0.28% while institutional investors hold 84.95% of the company’s shares. The shares outstanding are 424.00M, and float is at 422.63M with Short Float at 1.37%. Institutions hold 84.72% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 33.55 million shares valued at $5.0 billion. The investor’s holdings represent 7.91% of the PNC Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 26.68 million shares valued at $3.98 billion to account for 6.29% of the shares outstanding. The other top investors are Price (T.Rowe) Associates Inc which holds 26.39 million shares representing 6.22% and valued at over $3.93 billion, while Capital International Investors holds 4.40% of the shares totaling 18.67 million with a market value of $2.78 billion.
The PNC Financial Services Group Inc. (NYSE: PNC) is 19.06% higher on its value in year-to-date trading and has touched a low of $89.13 and a high of $184.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PNC stock was last observed hovering at around $178.76 in the last trading session, with the day’s loss setting it -1.36% off its average median price target of $177.00 for the next 12 months. It is also 11.3% off the consensus price target high of $200.00 offered by 22 analysts, but current levels are -11.57% lower than the price target low of $159.00 for the same period.
Currently trading at $177.40, the stock is 0.54% and 5.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing -0.76% at the moment leaves the stock 34.24% off its SMA200. PNC registered 108.24% gain for a year compared to 6-month gain of 58.17%. The firm has a 50-day simple moving average (SMA 50) of $174.47 and a 200-day simple moving average (SMA200) of $143.53.
The stock witnessed a 0.53% loss in the last 1 month and extending the period to 3 months gives it a 18.94%, and is 1.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.71% over the week and 2.26% over the month.
The PNC Financial Services Group Inc. (PNC) has around 51257 employees, a market worth around $74.37B and $11.31B in sales. Current P/E ratio is 27.81 and Fwd P/E is 14.24. Profit margin for the company is 64.30%. Distance from 52-week low is 99.04% and -3.76% from its 52-week high. The company has generated returns on investments over the last 12 months (10.90%).
The PNC Financial Services Group Inc. (PNC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for The PNC Financial Services Group Inc. (PNC) is a “Hold”. 22 analysts offering their recommendations for the stock have an average rating of 2.60, where 13 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
The PNC Financial Services Group Inc. is expected to release its quarterly report on 07/14/2021 and quarterly earnings per share for the current quarter are estimated at $2.71 with sales reaching $4.1B over the same period.The EPS is expected to shrink by -33.50% this year, but quarterly earnings will post 8.80% year-over-year. Quarterly sales are estimated to shrink -9.30% in year-over-year returns.
The PNC Financial Services Group Inc. (PNC) Insider Activity
A total of 131 insider transactions have happened at The PNC Financial Services Group Inc. (PNC) in the last six months, with sales accounting for 73 and purchases happening 58 times. The most recent transaction is an insider sale by Fallon Kieran John, the company’s Executive Vice President. SEC filings show that Fallon Kieran John sold 125 shares of the company’s common stock on Apr 01 at a price of $174.45 per share for a total of $21806.0. Following the sale, the insider now owns 9168.0 shares.
The PNC Financial Services Group Inc. disclosed in a document filed with the SEC on Mar 16 that Fallon Kieran John (Executive Vice President) sold a total of 125 shares of the company’s common stock. The trade occurred on Mar 16 and was made at $176.60 per share for $22075.0. Following the transaction, the insider now directly holds 9293.0 shares of the PNC stock.
Still, SEC filings show that on Mar 01, Fallon Kieran John (Executive Vice President) disposed off 125 shares at an average price of $171.37 for $21421.0. The insider now directly holds 9,418 shares of The PNC Financial Services Group Inc. (PNC).
The PNC Financial Services Group Inc. (PNC): Who are the competitors?
The company’s main competitors (and peers) include Regions Financial Corporation (RF) that is trading 161.21% up over the past 12 months and KeyCorp (KEY) that is 124.04% higher over the same period. Wells Fargo & Company (WFC) is 51.93% up on the 1-year trading charts. Short interest in the company’s stock has risen 1.38% from the last report on Feb 11, 2021 to stand at a total of 5.72 million short shares sold with a short interest ratio of 2.9.