In yesterday’s Wall Street session, PNC Financial Services Group Inc (NYSE:PNC) shares traded at $188.80, down -0.59% from the previous session.
PNC stock price is now 4.81% away from the 50-day moving average and 16.46% away from the 200-day moving average. The market capitalization of the company currently stands at $75.05B.
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With the price target enhanced from $185 to $200, BofA Securities Upgraded its rating from Neutral to Buy for PNC Financial Services Group Inc (NYSE: PNC). On July 08, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $165 to quote $179, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, Jordan Gregory B., Officer bought 20,000 shares of the company’s stock on Oct 17 ’24. The stock was bought for $3,818,446 at an average price of $190.92. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11 ’24, CEO DEMCHAK WILLIAM S sold 1,242 shares of the business’s stock. A total of $229,770 was realized by selling the stock at an average price of $185.00. This leaves the insider owning 547,249 shares of the company worth $103.32 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, PNC Financial Services Group Inc has had a low of $109.40 and a high of $196.64. According to the stock market information, the enterprise value for the company is $136461361152, which is based on a 15.97 price-to-earnings ratio, a 1.82 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for PNC is $180.1284 and a two-hundred day moving average price translates $162.11246 for the stock.
The latest earnings results from PNC Financial Services Group Inc (NYSE: PNC) was released for 2024-09-30. The net profit margin was 14.05% and return on equity was 9.73% for PNC. The company reported revenue of $6.82 billion for the quarter, compared to $6.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.98 percent.
