PNC Financial Services Group Inc (NYSE: PNC) is 4.36% higher on its value in year-to-date trading and has touched a low of $109.40 and a high of $160.10 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 $159.97 in the last trading session, with the day’s gains setting it 1.63%.
Currently trading at $161.60, the stock is 6.12% and 7.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 1.02% at the moment leaves the stock 20.25% off its SMA200. PNC registered 27.38% gain for a year compared to 6-month gain of 32.67%.
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The stock witnessed a 10.92% loss in the last 1 month and extending the period to 3 months gives it a 4.26%, and is 2.40% 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 1.87% over the week and 2.38% over the month.
PNC Financial Services Group Inc (PNC) has around 54813 employees, a market worth around $64.29B and $31.62B in sales. Current P/E ratio is 12.64 and Fwd P/E is 11.41. Profit margin for the company is 16.21%. Distance from 52-week low is 47.71% and 0.94% from its 52-week high. The company has generated returns on investments over the last 12 months (5.09%).
PNC Financial Services Group Inc quarterly earnings per share for the current quarter are estimated at $3.05 with sales reaching $5.2B over the same period.The EPS is expected to shrink by -3.01% this year, but quarterly earnings will post -0.90% year-over-year. Quarterly sales are estimated to shrink -7.30% in year-over-year returns.
PNC Financial Services Group Inc (PNC) Top Institutional Holders
1,883 institutions hold shares in PNC Financial Services Group Inc (PNC), with institutional investors hold 85.08% of the company’s shares. The shares outstanding are 398.03M, and float is at 396.17M with Short Float at 1.14%. Institutions hold 84.78% 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
The most recent transaction is an insider sale by HANNON MICHAEL J,the company’sExecutive Vice President. SEC filings show that HANNON MICHAEL J sold 3,000 shares of the company’s common stock on Feb 12 ’24 at a price of $148.82 per share for a total of $0.45 million. Following the sale, the insider now owns 36570.0 shares.
PNC Financial Services Group Inc disclosed in a document filed with the SEC on Nov 30 ’23 that Deborah Guild (Executive Vice President) sold a total of 1,533 shares of the company’s common stock. The trade occurred on Nov 30 ’23 and was made at $132.51 per share for $0.2 million. Following the transaction, the insider now directly holds 17092.0 shares of the PNC stock.
Still, SEC filings show that on Jun 07 ’23, Salesky Bryan Scott (Director) acquired 400 shares at an average price of $127.10 for $50840.0. The insider now directly holds 410 shares of PNC Financial Services Group Inc (PNC).
