Stock Performance Spotlight: PNC Financial Services Group Inc (PNC) Ends the Day at 164.30, Up by 1.73

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As of close of business last night, PNC Financial Services Group Inc’s stock clocked out at $164.30, up 1.73% from its previous closing price of $161.51. In other words, the price has increased by $1.73 from its previous closing price. On the day, 2.22 million shares were traded. PNC stock price reached its highest trading level at $164.46 during the session, while it also had its lowest trading level at $161.185.

Ratios:

To gain a deeper understanding of PNC’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.44 whereas as Long-Term Debt/Eq ratio is at 0.89.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on July 08, 2024, Upgraded its rating to Buy and sets its target price to $179 from $165 previously.

On March 28, 2024, HSBC Securities Upgraded its rating to Hold which previously was Reduce and also upped its target price recommendation from $141 to $155.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 05 ’24 when DEMCHAK WILLIAM S sold 641 shares for $158.10 per share. The transaction valued at 101,342 led to the insider holds 567,041 shares of the business.

DEMCHAK WILLIAM S sold 641 shares of PNC for $98,124 on Jun 28 ’24. The CEO now owns 567,682 shares after completing the transaction at $153.08 per share. On Jun 21 ’24, another insider, DEMCHAK WILLIAM S, who serves as the CEO of the company, sold 641 shares for $153.19 each. As a result, the insider received 98,195 and left with 568,323 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PNC now has a Market Capitalization of 65376120832 and an Enterprise Value of 86462152704. As of this moment, PNC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.80, and their Forward P/E ratio for the next fiscal year is 11.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.02 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 4.245.

Stock Price History:

The Beta on a monthly basis for PNC is 1.15, which has changed by 0.26589108 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, PNC has reached a high of $162.24, while it has fallen to a 52-week low of $109.40. The 50-Day Moving Average of the stock is 5.70%, while the 200-Day Moving Average is calculated to be 13.63%.

Shares Statistics:

It appears that PNC traded 1.55M shares on average per day over the past three months and 1571480 shares per day over the past ten days. A total of 398.03M shares are outstanding, with a floating share count of 396.28M. Insiders hold about 0.41% of the company’s shares, while institutions hold 84.87% stake in the company. Shares short for PNC as of 1718323200 were 5156532 with a Short Ratio of 3.33, compared to 1715731200 on 4361123. Therefore, it implies a Short% of Shares Outstanding of 5156532 and a Short% of Float of 1.2999999.

Dividends & Splits

With its trailing 12-month dividend rate of 6.15, PNC has a forward annual dividend rate of 6.20. Against a Trailing Annual Dividend Yield of 0.03807814The stock’s 5-year Average Dividend Yield is 3.52. The current Payout Ratio is 47.72% for PNC, which recently paid a dividend on 2024-04-12 with an ex-dividend date of 1721001600. Stock splits for the company last occurred on 1992-11-16 when the company split stock in a 2:1 ratio.

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