The PNC Financial Services Group, Inc (NYSE:PNC – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 5,816,350 shares, a decline of 15.4% from the February 26th total of 6,871,334 shares. Based on an average trading volume of 2,862,682 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the company’s shares are sold short.
Insiders Place Their Bets
In other news, EVP Alexander E. C. Overstrom sold 2,500 shares of The PNC Financial Services Group stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $233.91, for a total transaction of $584,775.00. Following the transaction, the executive vice president owned 21,120 shares in the company, valued at $4,940,179.20. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William S. Demchak sold 50,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $230.88, for a total value of $11,544,000.00. Following the sale, the chief executive officer directly owned 554,274 shares of the company’s stock, valued at approximately $127,970,781.12. The trade was a 8.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 64,186 shares of company stock valued at $14,840,973 over the last ninety days. 0.38% of the stock is owned by insiders.
Hedge Funds Weigh In On The PNC Financial Services Group
A number of large investors have recently modified their holdings of PNC. Vanguard Group Inc. increased its position in shares of The PNC Financial Services Group by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 38,873,991 shares of the financial services provider’s stock valued at $8,114,168,000 after acquiring an additional 408,464 shares during the last quarter. State Street Corp boosted its position in The PNC Financial Services Group by 0.4% during the fourth quarter. State Street Corp now owns 17,319,434 shares of the financial services provider’s stock valued at $3,615,085,000 after purchasing an additional 77,302 shares during the last quarter. Capital International Investors grew its stake in The PNC Financial Services Group by 10.2% in the fourth quarter. Capital International Investors now owns 11,936,742 shares of the financial services provider’s stock valued at $2,491,819,000 after purchasing an additional 1,101,055 shares in the last quarter. Norges Bank bought a new position in The PNC Financial Services Group in the fourth quarter valued at approximately $1,967,080,000. Finally, Geode Capital Management LLC increased its position in shares of The PNC Financial Services Group by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 8,861,852 shares of the financial services provider’s stock worth $1,841,387,000 after purchasing an additional 30,078 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on The PNC Financial Services Group
More The PNC Financial Services Group News
Here are the key news stories impacting The PNC Financial Services Group this week:
- Positive Sentiment: Analysts and coverage note PNC’s strong capacity to sustain dividends and buybacks thanks to healthy liquidity and disciplined payout policy — a direct positive for income-seeking investors and buyback-driven EPS support. Is PNC Well-Positioned to Sustain Its Capital Return Strategy?
- Positive Sentiment: PNC Private Bank released research showing middle‑market business owners want integrated financial advice — evidence of cross‑sell and wealth management opportunity that can drive fee revenue growth over time. PNC Private Bank Research Reveals Business Owners Increasingly Want Integrated Financial Advice to Help Align Business, Personal Goals
- Positive Sentiment: PNC Foundation’s multi‑year grant to Sesame Workshop and new Grow Up Great initiatives reinforce the bank’s community/ESG profile and brand engagement — supportive for reputational capital and consumer relationships in retail segments. PNC Grant To Sesame Workshop And What It Means For Investors
- Neutral Sentiment: PNC announced Grow Up Great classroom and outdoor‑learning programs; positive community impact but only indirect near‑term financial effect. PNC Announces New Initiatives to Inspire Outdoor Learning, Classroom Innovation Through PNC Grow Up Great
- Neutral Sentiment: Secondary market listings for PNC’s DL‑FLR note series were posted (2025/30/31/35/36 tenor references) — relevant for fixed‑income investors but limited direct impact on the equity near term. PNC Financial Services GroupDL-FLR Notes 2025(35/36) Bond
- Neutral Sentiment: Industry/peer commentary (Associated Banc‑Corp capital moves; SBI head‑to‑head survey) surfaces competitive context but no immediate PNC earnings impact. Is ASB Well-Positioned to Support Its Capital Return Strategy?
- Negative Sentiment: Morgan Stanley trimmed PNC’s price target (from $283 to $263) and maintained an equal‑weight view — a sign of analyst caution that can weigh on multiple investor cohorts despite upside from current levels. Morgan Stanley Lowers PNC Price Target
- Negative Sentiment: Truist’s John McDonald lowered his PNC price target (to $234) and flagged macro and structural headwinds — another near‑term analyst downgrade that raises concern about valuation upside and earnings sensitivity. John McDonald Lowers PNC Price Target, Notes Macro and Structural Headwinds
The PNC Financial Services Group Trading Up 0.6%
NYSE:PNC opened at $209.30 on Thursday. The company has a market cap of $84.43 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 0.93 and a beta of 0.98. The PNC Financial Services Group has a twelve month low of $145.12 and a twelve month high of $243.94. The business has a 50 day moving average price of $217.89 and a two-hundred day moving average price of $205.22. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.90.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $5.90 billion. The PNC Financial Services Group had a net margin of 20.40% and a return on equity of 11.87%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $3.77 earnings per share. As a group, analysts expect that The PNC Financial Services Group will post 15.37 EPS for the current fiscal year.
The PNC Financial Services Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, January 20th. The PNC Financial Services Group’s payout ratio is presently 40.99%.
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.
Further Reading
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