The PNC Financial Services Group, Inc $PNC Position Increased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 12.7% in the first quarter, Holdings Channel.com reports. The fund owned 17,834 shares of the financial services provider’s stock after acquiring an additional 2,015 shares during the quarter. Bleakley Financial Group LLC’s holdings in The PNC Financial Services Group were worth $3,711,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. State of Michigan Retirement System lifted its position in shares of The PNC Financial Services Group by 2.7% in the first quarter. State of Michigan Retirement System now owns 112,156 shares of the financial services provider’s stock worth $23,339,000 after buying an additional 2,900 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of The PNC Financial Services Group by 22.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 9,819 shares of the financial services provider’s stock valued at $2,210,000 after acquiring an additional 1,806 shares during the last quarter. Parr Mcknight Wealth Management Group LLC bought a new position in shares of The PNC Financial Services Group in the 1st quarter valued at approximately $2,548,000. J. Safra Sarasin Holding AG lifted its holdings in The PNC Financial Services Group by 13.0% in the 1st quarter. J. Safra Sarasin Holding AG now owns 152,617 shares of the financial services provider’s stock worth $31,753,000 after purchasing an additional 17,525 shares during the last quarter. Finally, Applied Finance Capital Management LLC boosted its position in The PNC Financial Services Group by 1.3% during the first quarter. Applied Finance Capital Management LLC now owns 4,815 shares of the financial services provider’s stock worth $1,002,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephanie Novosel sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $228.73, for a total transaction of $411,714.00. Following the completion of the sale, the executive vice president owned 3,107 shares of the company’s stock, valued at approximately $710,664.11. This trade represents a 36.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Duane Thomas sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $238.14, for a total value of $357,210.00. Following the completion of the transaction, the executive vice president directly owned 5,059 shares in the company, valued at $1,204,750.26. The trade was a 22.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 48,300 shares of company stock valued at $10,694,574. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PNC. Stephens began coverage on The PNC Financial Services Group in a research report on Monday, June 15th. They issued an “overweight” rating and a $265.00 price target on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of The PNC Financial Services Group in a research report on Friday, March 27th. Truist Financial increased their target price on The PNC Financial Services Group from $245.00 to $257.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Jefferies Financial Group assumed coverage on The PNC Financial Services Group in a research report on Thursday, March 26th. They issued a “buy” rating and a $250.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on The PNC Financial Services Group from $264.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, The PNC Financial Services Group has a consensus rating of “Moderate Buy” and a consensus price target of $258.09.

The PNC Financial Services Group Trading Up 1.0%

PNC stock opened at $254.30 on Thursday. The PNC Financial Services Group, Inc has a 1-year low of $176.88 and a 1-year high of $256.22. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.05. The business’s 50 day moving average is $231.73 and its 200-day moving average is $222.96. The firm has a market cap of $102.12 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.03 and a beta of 0.91.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.39. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The firm had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the company posted $3.85 earnings per share. The business’s revenue for the quarter was up 21.4% compared to the same quarter last year. Equities analysts anticipate that The PNC Financial Services Group, Inc will post 18.83 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Monday, July 20th will be paid a dividend of $2.00 per share. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.70. This represents a $8.00 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, July 20th. The PNC Financial Services Group’s payout ratio is currently 39.51%.

Key Stories Impacting The PNC Financial Services Group

Here are the key news stories impacting The PNC Financial Services Group this week:

• Positive Sentiment: PNC reported second-quarter EPS of $4.85 and revenue of $6.66 billion, both above analyst estimates, helped by stronger net interest income, fee income, and loan growth. PNC Reports Second Quarter 2026 Net Income of $2.1 Billion, $4.81 Diluted EPS or $4.85 as Adjusted
• Positive Sentiment: The bank delivered record quarterly revenue and record fee income, with capital markets activity providing a meaningful boost to results. PNC Financial posts record quarterly revenue on capital markets windfall, FirstBank buy
• Positive Sentiment: PNC raised its quarterly common stock dividend to $2.00 per share, signaling confidence in earnings power and balance-sheet strength. PNC Reports Second Quarter 2026 Net Income of $2.1 Billion, $4.81 Diluted EPS or $4.85 as Adjusted
• Positive Sentiment: Management guided to 2026 loan growth of about 12.5%, net interest income growth of 15%-15.5%, and a net interest margin above 3% by year-end, suggesting continued momentum. PNC forecasts 2026 loan growth of ~12.5% and net interest income up 15%-15.5% as it targets >3% net interest margin by year-end
• Neutral Sentiment: The earnings conference call and presentation should give investors more detail on integration costs, capital markets trends, and balance-sheet outlook, but they do not add a new major catalyst by themselves. Transcript: PNC Financial Services Gr Q2 2026 Earnings Conference Call
• Negative Sentiment: Some coverage noted shares had been under pressure despite the beat because expenses rose and deposits declined, which may temper enthusiasm around the results. PNC Financial Q2 Earnings Top on NII & Fee Income Growth, Stock Down

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.