Stoneridge Investment Partners LLC lowered its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 29.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,909 shares of the financial services provider’s stock after selling 6,339 shares during the quarter. The PNC Financial Services Group comprises approximately 2.1% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 12th biggest position. Stoneridge Investment Partners LLC’s holdings in The PNC Financial Services Group were worth $2,996,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. bought a new stake in shares of The PNC Financial Services Group during the 2nd quarter valued at $27,000. Concord Wealth Partners increased its position in shares of The PNC Financial Services Group by 144.9% in the second quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 100 shares during the period. Westfuller Advisors LLC acquired a new position in The PNC Financial Services Group in the third quarter valued at about $34,000. FNY Investment Advisers LLC bought a new stake in The PNC Financial Services Group during the second quarter worth about $37,000. Finally, True Wealth Design LLC grew its stake in The PNC Financial Services Group by 1,133.3% during the second quarter. True Wealth Design LLC now owns 222 shares of the financial services provider’s stock worth $41,000 after buying an additional 204 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.
The PNC Financial Services Group Trading Down 1.2%
NYSE PNC opened at $219.40 on Friday. The business has a 50 day simple moving average of $206.41 and a 200 day simple moving average of $198.21. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $227.78. The stock has a market capitalization of $86.04 billion, a P/E ratio of 13.23, a P/E/G ratio of 0.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.81.
The PNC Financial Services Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Tuesday, January 20th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $6.80 annualized dividend and a yield of 3.1%. The PNC Financial Services Group’s dividend payout ratio is currently 40.99%.
Key Headlines Impacting The PNC Financial Services Group
Here are the key news stories impacting The PNC Financial Services Group this week:
- Positive Sentiment: Keefe, Bruyette & Woods raised its price target on PNC to $247 after management issued a bullish 2026 outlook, signaling confidence in earnings momentum. Keefe Bruyette Lifts PNC Financial PT to $247
- Positive Sentiment: Wells Fargo boosted its PNC price target to $264, reflecting expectations for stronger share-price appreciation. Wells Fargo Boosts The PNC Financial Services Group Price Target to $264.00
- Positive Sentiment: Royal Bank of Canada raised its target on PNC to $235, joining other brokers in lifting forward views on the stock. Royal Bank Of Canada Boosts The PNC Financial Services Group Price Target to $235.00
- Positive Sentiment: Multiple brokers (Morgan Stanley and TD Cowen) published notes forecasting strong price appreciation for PNC, adding to bullish analyst momentum. Morgan Stanley Forecasts Strong Price Appreciation for PNC TD Cowen Forecasts Strong Price Appreciation for PNC
- Positive Sentiment: Oppenheimer and other brokerage notes reiterated expectations for upside, reinforcing the analyst-driven support behind the stock. Oppenheimer Forecasts Strong Price Appreciation for PNC Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for PNC
- Positive Sentiment: PNC launched digital self-directed brokerage account opening within PNC Wealth Management, a product step that could expand retail/investment flows over time. PNC Wealth Management Simplifies Investing With New Online Brokerage Account Opening
- Neutral Sentiment: MSN published a summary of the five most insightful analyst questions from PNC’s Q4 earnings call — useful context on management’s guidance and investor priorities but not new company action. 5 insightful analyst questions from PNC’s Q4 earnings call
- Neutral Sentiment: A Zacks comparison piece weighs PNC against Tradeweb (TW) on valuation, offering a relative-value view for investors deciding between financial/investment-bank exposure. PNC vs. TW: Which Stock Is the Better Value Option?
- Negative Sentiment: Market reaction today is negative — shares are trading lower — which may reflect short-term profit-taking after recent gains and the flurry of analyst attention rather than fresh company weak signals.
Analyst Ratings Changes
PNC has been the topic of several recent analyst reports. Evercore ISI raised their target price on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Cfra Research upgraded shares of The PNC Financial Services Group to a “moderate buy” rating in a research report on Thursday, October 16th. Morgan Stanley raised their target price on The PNC Financial Services Group from $211.00 to $221.00 and gave the company an “underweight” rating in a report on Tuesday, January 20th. Royal Bank Of Canada lifted their price target on The PNC Financial Services Group from $222.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Barclays upped their price objective on The PNC Financial Services Group from $235.00 to $271.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, The PNC Financial Services Group presently has an average rating of “Moderate Buy” and an average target price of $231.00.
View Our Latest Analysis on The PNC Financial Services Group
Insider Transactions at The PNC Financial Services Group
In other The PNC Financial Services Group news, EVP Michael Duane Thomas sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $183.57, for a total value of $183,570.00. Following the completion of the sale, the executive vice president directly owned 5,802 shares in the company, valued at approximately $1,065,073.14. This trade represents a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.
The PNC Financial Services Group 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.
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