The PNC Financial Services Group, Inc $PNC Stock Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 133,091 shares of the financial services provider’s stock after acquiring an additional 4,009 shares during the period. Kestra Advisory Services LLC’s holdings in The PNC Financial Services Group were worth $29,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Claro Advisors Inc. increased its holdings in shares of The PNC Financial Services Group by 18.0% during the third quarter. Claro Advisors Inc. now owns 2,787 shares of the financial services provider’s stock valued at $619,000 after acquiring an additional 426 shares in the last quarter. REAP Financial Group LLC boosted its stake in The PNC Financial Services Group by 10.4% in the 3rd quarter. REAP Financial Group LLC now owns 1,072 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 101 shares in the last quarter. Ascent Group LLC grew its position in The PNC Financial Services Group by 2.9% during the 3rd quarter. Ascent Group LLC now owns 17,356 shares of the financial services provider’s stock worth $3,858,000 after purchasing an additional 488 shares during the last quarter. Caldwell Trust Co grew its position in The PNC Financial Services Group by 9.6% during the 3rd quarter. Caldwell Trust Co now owns 2,907 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 255 shares during the last quarter. Finally, 3Chopt Investment Partners LLC increased its stake in The PNC Financial Services Group by 34.3% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 3,309 shares of the financial services provider’s stock valued at $735,000 after purchasing an additional 845 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Stacy Juchno sold 3,354 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $255.84, for a total transaction of $858,087.36. Following the sale, the executive vice president directly owned 18,800 shares of the company’s stock, valued at approximately $4,809,792. This trade represents a 15.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PNC. Truist Financial decreased their price target on shares of The PNC Financial Services Group from $252.00 to $248.00 and set a “hold” rating for the company in a report on Monday, October 19th. Royal Bank Of Canada dropped their price objective on shares of The PNC Financial Services Group from $273.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Raymond James Financial cut their target price on The PNC Financial Services Group from $275.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. TD Cowen reduced their target price on The PNC Financial Services Group from $245.00 to $240.00 and set a “hold” rating for the company in a research note on Friday, October 16th. Finally, Barclays raised their target price on The PNC Financial Services Group from $277.00 to $284.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Seventeen research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.04.

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 Bank plans to expand to more than 370 new branches by 2031, including over 50 additional locations in South Carolina and Georgia. The expansion targets fast-growing markets and could support future customer and revenue growth, though returns will depend on execution. PNC Bank expands branch buildout
• Positive Sentiment: Sell-side analysts were reported to rate PNC a “Moderate Buy,” reflecting a generally favorable analyst view. Analyst rating coverage
• Neutral Sentiment: PNC presented at the BancAnalysts Association of Boston conference. The available headline provides no specific new financial outlook or business updates to assess. Conference transcript
• Negative Sentiment: PNC announced that Alexander E.C. Overstrom will become CFO, with current CFO Robert Q. Reilly moving to executive vice chairman in March 2027. The planned succession provides a transition timeline, but shares reportedly came under pressure after the announcement, suggesting investor concern about the leadership change. CFO transition announcement

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $225.41 on Friday. The PNC Financial Services Group, Inc has a twelve month low of $177.08 and a twelve month high of $258.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market cap of $89.44 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The company’s 50 day moving average is $228.58 and its 200 day moving average is $229.20.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 EPS for the quarter, beating the consensus estimate of $4.91 by $0.18. The business had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.61 billion. The PNC Financial Services Group had a net margin of 21.83% and a return on equity of 12.82%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $4.35 EPS. On average, sell-side analysts forecast that The PNC Financial Services Group, Inc will post 19.24 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Wednesday, October 14th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, October 14th. The PNC Financial Services Group’s dividend payout ratio is presently 42.58%.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It serves consumers, small businesses, corporations, government entities and institutional clients through a range of banking and financial services.

PNC’s businesses include retail banking, corporate and institutional banking, and asset management. Its offerings include deposit accounts, lending, cash management, treasury services, investment and wealth management, and other financial products and services.

The company traces its history to 1852 and took its current name following the 1983 merger of Pittsburgh National Corporation and Provident National Corporation.