PNC Financial Services Group Inc (NYSE: PNC) is 32.06% higher on its value in year-to-date trading and has touched a low of $139.19 and a high of $216.26 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 $208.63 in the last trading session, with the day’s loss setting it -4.13%.
Currently trading at $204.50, the stock is -2.24% and 4.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing -1.98% at the moment leaves the stock 19.36% off its SMA200. PNC registered 46.31% gain for a year compared to 6-month gain of 33.93%. The firm has a 50-day simple moving average (SMA 50) of $195.9746 and a 200-day simple moving average (SMA200) of $171.04465.
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The stock witnessed a 0.63% loss in the last 1 month and extending the period to 3 months gives it a 14.39%, and is -3.25% down 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 1.77% over the week and 1.69% over the month.
PNC Financial Services Group Inc (PNC) has around 54813 employees, a market worth around $81.06B and $33.34B in sales. Current P/E ratio is 17.30 and Fwd P/E is 13.61. Profit margin for the company is 14.19%. Distance from 52-week low is 46.92% and -5.44% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).
The EPS is expected to grow by 3.72% this year.
PNC Financial Services Group Inc (PNC) Top Institutional Holders
1999.0 institutions hold shares in PNC Financial Services Group Inc (PNC), with institutional investors hold 85.91% of the company’s shares. The shares outstanding are 396.92M, and float is at 395.22M with Short Float at 1.28%. Institutions hold 85.60% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 37.08 million shares valued at $5.77 billion. The investor’s holdings represent 9.2709% of the PNC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 28.99 million shares valued at $4.51 billion to account for 7.2469 of the shares outstanding. The other top investors are STATE STREET CORP which holds 17.2 million shares representing 4.2997% and valued at over $2.67 billion, while FMR LLC holds 4.291 of the shares totaling 17.16 million with a market value of $2.67 billion.
PNC Financial Services Group Inc (PNC) Insider Activity
The most recent transaction is an insider sale by DEMCHAK WILLIAM S, the company’s CEO. SEC filings show that DEMCHAK WILLIAM S sold 1,242 shares of the company’s common stock on Dec 06 ’24 at a price of $209.24 per share for a total of $0.26 million. Following the sale, the insider now owns 0.53 million shares.
Still, SEC filings show that on Nov 29 ’24, DEMCHAK WILLIAM S (CEO) disposed off 1,242 shares at an average price of $216.01 for $0.27 million. The insider now directly holds 533,765 shares of PNC Financial Services Group Inc (PNC).
