PNC Financial Services Group Inc (NYSE: PNC) is -0.22% lower on its value in year-to-date trading and has touched a low of $139.69 and a high of $216.26 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 $189.02 in the last trading session, with the day’s gains setting it 3.41%.
Currently trading at $192.43, the stock is -1.10% and -4.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.85 million and changing 1.80% at the moment leaves the stock 9.20% off its SMA200. PNC registered 24.00% gain for a year compared to 6-month gain of 14.16%. The firm has a 50-day simple moving average (SMA 50) of $200.622 and a 200-day simple moving average (SMA200) of $176.03516.
The stock witnessed a -5.87% loss in the last 1 month and extending the period to 3 months gives it a 4.94%, and is -1.64% 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 2.20% over the week and 2.01% over the month.
PNC Financial Services Group Inc (PNC) has around 54813 employees, a market worth around $76.35B and $33.34B in sales. Current P/E ratio is 16.28 and Fwd P/E is 12.68. Profit margin for the company is 14.19%. Distance from 52-week low is 37.76% and -11.02% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).
with sales reaching $5.5B over the same period.The EPS is expected to grow by 4.43% this year, but quarterly earnings will post 0.11% year-over-year. Quarterly sales are estimated to grow 2.50% in year-over-year returns.
PNC Financial Services Group Inc (PNC) Top Institutional Holders
2002.0 institutions hold shares in PNC Financial Services Group Inc (PNC), with institutional investors hold 86.91% of the company’s shares. The shares outstanding are 396.92M, and float is at 395.23M with Short Float at 1.16%. Institutions hold 86.60% 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 Jan 10 ’25 at a price of $192.88 per share for a total of $0.24 million. Following the sale, the insider now owns 0.53 million shares.
Still, SEC filings show that on Jan 03 ’25, DEMCHAK WILLIAM S (CEO) disposed off 1,242 shares at an average price of $192.15 for $0.24 million. The insider now directly holds 527,555 shares of PNC Financial Services Group Inc (PNC).
