Positive Press Coverage Somewhat Unlikely to Affect PNC Financial Services Group (PNC) Stock Price

News articles about PNC Financial Services Group (NYSE:PNC) have been trending positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PNC Financial Services Group earned a news sentiment score of 0.45 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.5773552530435 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

PNC Financial Services Group (PNC) traded up $0.58 during trading on Wednesday, hitting $143.01. The company had a trading volume of 1,495,661 shares, compared to its average volume of 2,196,882. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. PNC Financial Services Group has a 12-month low of $110.97 and a 12-month high of $145.66. The stock has a market capitalization of $68,439.23, a P/E ratio of 17.56, a PEG ratio of 1.92 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the business earned $1.84 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. research analysts expect that PNC Financial Services Group will post 8.44 EPS for the current fiscal year.

A number of research analysts have recently issued reports on the company. Nomura boosted their target price on PNC Financial Services Group from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, September 28th. Robert W. Baird reissued a “buy” rating and issued a $135.00 target price on shares of PNC Financial Services Group in a report on Sunday, October 1st. Jefferies Group reissued a “hold” rating and issued a $136.00 target price on shares of PNC Financial Services Group in a report on Friday, August 11th. Piper Jaffray Companies boosted their target price on PNC Financial Services Group from $134.00 to $147.00 and gave the company an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Sixteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. PNC Financial Services Group currently has a consensus rating of “Hold” and a consensus target price of $136.13.

In other PNC Financial Services Group news, insider E William Parsley III sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total transaction of $3,467,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total value of $675,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,640 shares of company stock worth $5,901,852. Company insiders own 0.43% of the company’s stock.

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PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Insider Buying and Selling by Quarter for PNC Financial Services Group (NYSE:PNC)

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