11,160 Shares in The PNC Financial Services Group, Inc $PNC Acquired by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC bought a new stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,160 shares of the financial services provider’s stock, valued at approximately $2,242,000.

Several other hedge funds also recently bought and sold shares of PNC. Avidian Wealth Enterprises LLC boosted its stake in shares of The PNC Financial Services Group by 13.9% during the third quarter. Avidian Wealth Enterprises LLC now owns 2,187 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 267 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in The PNC Financial Services Group in the 3rd quarter valued at about $10,938,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of The PNC Financial Services Group by 3.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 303,861 shares of the financial services provider’s stock worth $61,055,000 after purchasing an additional 9,629 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of The PNC Financial Services Group by 31.1% during the third quarter. Chicago Partners Investment Group LLC now owns 7,161 shares of the financial services provider’s stock worth $1,309,000 after buying an additional 1,697 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of The PNC Financial Services Group by 26.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 579 shares of the financial services provider’s stock valued at $116,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group News Roundup

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

• Positive Sentiment: Analysts broadly raised earnings and outlooks after PNC’s stronger-than-expected Q4 results, reinforcing bullish sentiment and prompting revised models. PNC Financial Analysts Raise Their Forecasts After Upbeat Q4 Earnings
• Positive Sentiment: Oppenheimer raised its price target to $284 and kept an “outperform” rating — the largest implied upside among the updates, signaling strong buy-side conviction. Article Title
• Positive Sentiment: TD Cowen boosted its target to $260 and moved to a “buy” rating, highlighting roughly mid-teens upside versus the current level. Article Title
• Positive Sentiment: Wells Fargo raised its PT to $264 with an “overweight” call, another sizable upside estimate supporting the rally. Article Title
• Positive Sentiment: Royal Bank of Canada bumped its target to $235 and kept an “outperform” stance, adding modest incremental upside. Article Title
• Neutral Sentiment: Keefe, Bruyette & Woods raised its target to $247 but maintained a “market perform” rating — a target lift that’s supportive but not a clear bullish endorsement. Article Title
• Negative Sentiment: Morgan Stanley raised its price target to $221 but kept an “underweight” rating, implying limited downside from current levels and providing a cautionary counterpoint for more risk-averse investors. Article Title

The PNC Financial Services Group Trading Up 2.1%

Shares of PNC opened at $225.51 on Thursday. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $227.78. The firm has a market capitalization of $88.44 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 0.93 and a beta of 0.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94. The stock’s fifty day simple moving average is $204.94 and its 200 day simple moving average is $197.88.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.65. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.90 billion. The PNC Financial Services Group had a return on equity of 11.87% and a net margin of 20.40%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.77 earnings per share. On average, equities research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Tuesday, January 20th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, January 20th. The PNC Financial Services Group’s dividend payout ratio is 40.99%.

Insider Activity at The PNC Financial Services Group

In related news, EVP Guild Deborah sold 1,080 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $186.97, for a total value of $201,927.60. Following the transaction, the executive vice president owned 27,335 shares in the company, valued at approximately $5,110,824.95. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Duane Thomas sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $183.57, for a total transaction of $183,570.00. Following the sale, the executive vice president owned 5,802 shares of the company’s stock, valued at approximately $1,065,073.14. This represents a 14.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PNC shares. Barclays raised their target price on shares of 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. Piper Sandler raised The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $211.00 to $220.00 in a research report on Thursday, October 9th. Cfra Research upgraded The PNC Financial Services Group to a “moderate buy” rating in a research report on Thursday, October 16th. Truist Financial raised their price target on The PNC Financial Services Group from $210.00 to $229.00 and gave the stock a “hold” rating in a research note on Thursday, December 18th. Finally, TD Cowen upped their price objective on shares of The PNC Financial Services Group from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $231.00.

About The PNC Financial Services Group

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.