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Jefferies Financial Group Research Analysts Cut Earnings Estimates for The PNC Financial Services Group, Inc. (NYSE:PNC)


The PNC Monetary Companies Group, Inc. (NYSE:PNCGet Rating) – Jefferies Monetary Group lowered their This fall 2022 earnings per share estimates for The PNC Monetary Companies Group in a analysis report issued on Monday, January ninth. Jefferies Monetary Group analyst Okay. Usdin now expects that the monetary companies supplier will publish earnings per share of $3.80 for the quarter, down from their prior estimate of $3.82. The consensus estimate for The PNC Monetary Companies Group’s present full-year earnings is $14.40 per share. Jefferies Monetary Group additionally issued estimates for The PNC Monetary Companies Group’s Q1 2023 earnings at $3.35 EPS, This fall 2023 earnings at $2.99 EPS, Q1 2024 earnings at $3.92 EPS and Q2 2024 earnings at $3.60 EPS.

A variety of different equities analysis analysts have additionally just lately weighed in on PNC. Evercore ISI reduce their value goal on shares of The PNC Monetary Companies Group to $180.00 in a analysis observe on Thursday, October twentieth. Deutsche Financial institution Aktiengesellschaft upgraded shares of The PNC Monetary Companies Group from a “maintain” ranking to a “purchase” ranking and reduce their value goal for the corporate from $200.00 to $190.00 in a analysis observe on Friday. Citigroup lifted their value goal on shares of The PNC Monetary Companies Group to $180.00 in a analysis observe on Friday, December 2nd. StockNews.com reduce shares of The PNC Monetary Companies Group from a “maintain” ranking to a “promote” ranking in a analysis observe on Tuesday. Lastly, Compass Level lowered their goal value on The PNC Monetary Companies Group to $160.00 in a report on Thursday, October twentieth. Three funding analysts have rated the inventory with a promote ranking, 4 have given a maintain ranking and 4 have issued a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat, The PNC Monetary Companies Group has a consensus ranking of “Maintain” and a mean value goal of $183.50.

The PNC Monetary Companies Group Worth Efficiency

Shares of NYSE PNC opened at $164.28 on Tuesday. The PNC Monetary Companies Group has a fifty-two week low of $143.52 and a fifty-two week excessive of $228.14. The agency’s 50-day easy shifting common is $158.77 and its 200 day easy shifting common is $159.80. The corporate has a fast ratio of 0.78, a present ratio of 0.78 and a debt-to-equity ratio of 1.17. The inventory has a market cap of $66.26 billion, a P/E ratio of 12.39, a P/E/G ratio of two.29 and a beta of 1.16.

The PNC Monetary Companies Group (NYSE:PNCGet Rating) final posted its earnings outcomes on Friday, October 14th. The monetary companies supplier reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.12. The corporate had income of $5.55 billion for the quarter, in comparison with analysts’ expectations of $5.40 billion. The PNC Monetary Companies Group had a return on fairness of 12.45% and a internet margin of 26.96%. The agency’s quarterly income was up 6.8% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the enterprise posted $3.75 earnings per share.

Hedge Funds Weigh In On The PNC Monetary Companies Group

A number of institutional traders and hedge funds have just lately purchased and offered shares of PNC. Blair William & Co. IL grew its stake in The PNC Monetary Companies Group by 0.5% through the 1st quarter. Blair William & Co. IL now owns 16,997 shares of the monetary companies supplier’s inventory valued at $3,135,000 after buying an extra 89 shares within the final quarter. Cetera Funding Advisers lifted its holdings in shares of The PNC Monetary Companies Group by 12.0% through the 1st quarter. Cetera Funding Advisers now owns 16,141 shares of the monetary companies supplier’s inventory valued at $2,977,000 after shopping for an extra 1,724 shares over the last quarter. Covestor Ltd lifted its holdings in shares of The PNC Monetary Companies Group by 68.8% through the 1st quarter. Covestor Ltd now owns 336 shares of the monetary companies supplier’s inventory valued at $62,000 after shopping for an extra 137 shares over the last quarter. West Household Investments Inc. lifted its holdings in shares of The PNC Monetary Companies Group by 9.1% through the 1st quarter. West Household Investments Inc. now owns 1,164 shares of the monetary companies supplier’s inventory valued at $215,000 after shopping for an extra 97 shares over the last quarter. Lastly, Ergoteles LLC lifted its holdings in shares of The PNC Monetary Companies Group by 137.9% through the 1st quarter. Ergoteles LLC now owns 21,048 shares of the monetary companies supplier’s inventory valued at $3,882,000 after shopping for an extra 12,201 shares over the last quarter. Hedge funds and different institutional traders personal 82.05% of the corporate’s inventory.

Insider Shopping for and Promoting

In associated information, EVP Guild Deborah offered 2,833 shares of The PNC Monetary Companies Group inventory in a transaction dated Thursday, November seventeenth. The inventory was offered at a mean value of $159.66, for a complete worth of $452,316.78. Following the transaction, the chief vp now owns 20,527 shares of the corporate’s inventory, valued at roughly $3,277,340.82. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is on the market at the SEC website. 0.34% of the inventory is at present owned by firm insiders.

The PNC Monetary Companies Group Dividend Announcement

The enterprise additionally just lately declared a quarterly dividend, which will probably be paid on Sunday, February fifth. Traders of file on Tuesday, January seventeenth will probably be paid a $1.50 dividend. The ex-dividend date is Friday, January thirteenth. This represents a $6.00 dividend on an annualized foundation and a yield of three.65%. The PNC Monetary Companies Group’s dividend payout ratio is at present 45.25%.

The PNC Monetary Companies Group Firm Profile

(Get Rating)

The PNC Monetary Companies Group, Inc operates as a diversified monetary companies firm in the USA. The corporate’s Retail Banking section provides checking, financial savings, and cash market accounts, in addition to certificates of deposit; residential mortgages, residence fairness loans and features of credit score, auto loans, bank cards, training loans, and private and small enterprise loans and features of credit score; and brokerage, insurance coverage, and funding and money administration companies.

See Additionally

Earnings History and Estimates for The PNC Financial Services Group (NYSE:PNC)

This prompt information alert was generated by narrative science expertise and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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