Equities research analysts expect PNC Financial Services Group Inc (NYSE:PNC) to announce earnings of $2.73 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for PNC Financial Services Group’s earnings, with the highest EPS estimate coming in at $2.77 and the lowest estimate coming in at $2.68. PNC Financial Services Group reported earnings of $2.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 26.4%. The company is scheduled to announce its next earnings report on Friday, October 12th.

On average, analysts expect that PNC Financial Services Group will report full year earnings of $10.72 per share for the current year, with EPS estimates ranging from $10.52 to $10.82. For the next year, analysts anticipate that the business will post earnings of $11.63 per share, with EPS estimates ranging from $11.32 to $11.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow PNC Financial Services Group.

Separately, Bank of America lifted their price target on shares of PNC Financial Services Group from $166.00 to $168.00 and gave the company a “buy” rating in a report on Friday, May 4th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $150.87.

In other PNC Financial Services Group news, Director Martin Pfinsgraff purchased 700 shares of the stock in a transaction dated Wednesday, July 18th. The stock was bought at an average price of $142.15 per share, for a total transaction of $99,505.00. Following the transaction, the director now directly owns 1,050 shares in the company, valued at $149,257.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Wyk Steven C. Van sold 15,000 shares of PNC Financial Services Group stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $141.09, for a total transaction of $2,116,350.00. The disclosure for this sale can be found here. Insiders sold a total of 34,247 shares of company stock valued at $4,830,351 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Several large investors have recently modified their holdings of PNC. Stelac Advisory Services LLC acquired a new stake in shares of PNC Financial Services Group during the 1st quarter worth approximately $102,000. Braun Bostich & Associates Inc. acquired a new stake in shares of PNC Financial Services Group during the 1st quarter worth approximately $105,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of PNC Financial Services Group during the 2nd quarter worth approximately $143,000. Landaas & Co. WI ADV acquired a new stake in shares of PNC Financial Services Group during the 2nd quarter worth approximately $147,000. Finally, Archford Capital Strategies LLC grew its position in shares of PNC Financial Services Group by 197.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock worth $147,000 after buying an additional 723 shares during the period. Institutional investors own 81.85% of the company’s stock.

PNC stock traded up $0.09 during trading on Monday, hitting $144.55. 992,904 shares of the stock traded hands, compared to its average volume of 2,258,588. PNC Financial Services Group has a one year low of $119.77 and a one year high of $163.59. The company has a market capitalization of $66.65 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.30 and a beta of 0.94. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.16.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 6th. Shareholders of record on Tuesday, July 17th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, July 16th. This is a boost from PNC Financial Services Group’s previous quarterly dividend of $0.75. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 44.71%.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

Featured Article: Dividend

Get a free copy of the Zacks research report on PNC Financial Services Group (PNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.