PNC Financial Services Group Inc (PNC) Stock Could Soon Reward Patient Investors

PNC Financial Services Group Inc (NYSE: PNC) is -3.69% lower on its value in year-to-date trading and has touched a low of $109.40 and a high of $161.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PNC stock was last observed hovering at around $147.77 in the last trading session, with the day’s gains setting it 1.37%.

Currently trading at $149.14, the stock is -0.17% and 0.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 0.93% at the moment leaves the stock 15.12% off its SMA200. PNC registered -6.13% loss for a year compared to 6-month gain of 14.78%.

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The stock witnessed a -2.23% loss in the last 1 month and extending the period to 3 months gives it a 24.95%, and is 2.27% 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 2.03% over the week and 2.51% over the month.

PNC Financial Services Group Inc (PNC) has around Jan 12 2024 employees, a market worth around $59.41B and $31.85B in sales. Current P/E ratio is 11.67 and Fwd P/E is 10.52. Profit margin for the company is 16.11%. Distance from 52-week low is 36.33% and -7.81% from its 52-week high. The company has generated returns on investments over the last 12 months (4.14%).

PNC Financial Services Group Inc quarterly earnings per share for the current quarter are estimated at $3.08 with sales reaching $5.22B over the same period.The EPS is expected to shrink by -1.96% this year, but quarterly earnings will post -0.70% year-over-year. Quarterly sales are estimated to shrink -6.80% in year-over-year returns.

PNC Financial Services Group Inc (PNC) Top Institutional Holders

1,839 institutions hold shares in PNC Financial Services Group Inc (PNC), with institutional investors hold 84.49% of the company’s shares. The shares outstanding are 398.03M, and float is at 396.83M with Short Float at 1.53%. Institutions hold 84.20% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 37.03 million shares valued at $4.66 billion. The investor’s holdings represent 9.30% of the PNC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 28.87 million shares valued at $3.64 billion to account for 7.25% of the shares outstanding. The other top investors are State Street Corporation which holds 17.13 million shares representing 4.30% and valued at over $2.16 billion, while Wellington Management Group, LLP holds 3.45% of the shares totaling 13.74 million with a market value of $1.73 billion.

PNC Financial Services Group Inc (PNC) Insider Activity

A total of 1 insider transactions have happened at PNC Financial Services Group Inc (PNC) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by Deborah Guild,the company’sExecutive Vice President. SEC filings show that Deborah Guild sold 1,533 shares of the company’s common stock on Nov 30 at a price of $132.51 per share for a total of $0.2 million. Following the sale, the insider now owns 17092.0 shares.

PNC Financial Services Group Inc disclosed in a document filed with the SEC on Jun 07 that Salesky Bryan Scott (Director) bought a total of 400 shares of the company’s common stock. The trade occurred on Jun 07 and was made at $127.10 per share for $50840.0. Following the transaction, the insider now directly holds 410.0 shares of the PNC stock.

Still, SEC filings show that on Apr 21, ALVARADO JOSEPH (Director) acquired 1,000 shares at an average price of $123.89 for $0.12 million. The insider now directly holds 1,100 shares of PNC Financial Services Group Inc (PNC).

PNC Financial Services Group Inc (PNC): Who are the competitors?

The company’s main competitors (and peers) include JPMorgan Chase & Co. (JPM) that is trading 23.30% up over the past 12 months. Bank of America Corp. (BAC) that is -5.69% lower over the same period.