Stock Update (NYSE:PNC): PNC Declares Dividend of 51 Cents on Common Stock

[PR Newswire] – PITTSBURGH, April 4, 2016 /PRNewswire/ — The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 51 cents per share. The … Read more on this. The PNC Financial Services Group, Inc. (PNC) , valued at $42.73B, began trading this morning at $85.09. During today’s session, PNC traded between $84.70 to $85.99 with the price of the stock fluctuating between $77.67 to $100.52 over the last 52 weeks. PNC shares are currently priced at 11.57x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.14x earnings multiple for the same period. The company pays shareholders $2.04 per share in dividend income per year, for a current yield of 2.39%. Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $1.72 per share, which would be $0.03 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $7.37 which would be a $0.02 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.76 Billion. If reported, that would be a 0.80% increase over the year-ago quarter. Recently, Atlantic Equities downgraded PNC from Overweight to Neutral (Mar 14, 2016). Previously, Piper Jaffray Initiated PNC at to Overweight. With the above information in mind, readers should note that the average price target is $96.43, which is 13.33% above where the stock opened this morning. See more in (NYSE:PNC) Similar Articles: Stock Update (NYSE:BAC): Bank of America Declares Quarterly Dividend on Series L, Series Y, Series Z and Series CC Preferred Stock Stock Update: Citigroup Inc (NYSE:C) – Citigroup Declares Common Stock Dividend Company Update (NYSE:DFS): Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock