The PNC Financial Services Group, Inc $PNC Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 98.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 297,897 shares of the financial services provider’s stock after acquiring an additional 147,521 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The PNC Financial Services Group were worth $62,332,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Independent Financial Group LLC purchased a new stake in The PNC Financial Services Group in the first quarter valued at $852,000. Enterprise Financial Services Corp increased its position in shares of The PNC Financial Services Group by 34.2% during the 1st quarter. Enterprise Financial Services Corp now owns 2,040 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 520 shares during the last quarter. Prosperity Consulting Group LLC raised its holdings in The PNC Financial Services Group by 10.1% in the 1st quarter. Prosperity Consulting Group LLC now owns 3,422 shares of the financial services provider’s stock valued at $712,000 after buying an additional 314 shares during the period. Evergreen Advisors LLC purchased a new stake in The PNC Financial Services Group in the 1st quarter valued at about $137,000. Finally, Wealthfront Advisers LLC lifted its position in The PNC Financial Services Group by 6.9% in the first quarter. Wealthfront Advisers LLC now owns 56,877 shares of the financial services provider’s stock valued at $11,836,000 after buying an additional 3,672 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PNC shares. UBS Group boosted their price target on shares of The PNC Financial Services Group from $263.00 to $288.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Citigroup boosted their target price on The PNC Financial Services Group from $255.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Weiss Ratings restated a “buy (b)” rating on shares of The PNC Financial Services Group in a research report on Wednesday. Stephens raised their target price on The PNC Financial Services Group from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Robert W. Baird boosted their price target on shares of The PNC Financial Services Group from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $264.97.

More The PNC Financial Services Group News

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

• Positive Sentiment: PNC reported strong second-quarter results, topping forecasts on earnings and revenue as capital markets strength helped drive growth. The company also highlighted a record dividend and improving business momentum. PNC Financial tops second-quarter forecasts as capital markets business drives growth
• Positive Sentiment: Management raised its 2026 outlook, forecasting about 12.5% loan growth, net interest income growth of 15% to 15.5%, and a net interest margin above 3% by year-end, which suggests improving fundamentals ahead. PNC forecasts 2026 loan growth of ~12.5% and net interest income up 15%-15.5%
• Positive Sentiment: Multiple analysts lifted price targets on PNC after the earnings release, including Truist, Argus, RBC, Oppenheimer, Wells Fargo, Barclays, Stephens, and Baird, with several firms also maintaining bullish ratings such as outperform and overweight. Analyst price target updates
• Neutral Sentiment: Truist raised its target to $264 but kept a hold rating, implying the stock may be fairly valued after the recent run-up. PNC price target raised to $264 at Truist Financial
• Neutral Sentiment: One recent commentary piece argued that PNC looks “fairly valued,” which may temper enthusiasm even after the earnings beat and analyst upgrades. PNC Financial: Likely Fairly Valued
• Negative Sentiment: PNC also noted that costs are expected to rise alongside revenue, which could pressure margins if expense growth outpaces top-line gains. PNC is latest bank to say costs will rise alongside revenue

The PNC Financial Services Group Price Performance

Shares of PNC opened at $252.88 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average is $233.18 and its two-hundred day moving average is $223.46. The PNC Financial Services Group, Inc has a twelve month low of $176.88 and a twelve month high of $256.49. The firm has a market capitalization of $101.55 billion, a PE ratio of 13.92, a P/E/G ratio of 1.02 and a beta of 0.91.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.39. The PNC Financial Services Group had a net margin of 21.41% and a return on equity of 12.48%. The company had revenue of $6.66 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the business posted $3.85 earnings per share. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. Research analysts anticipate that The PNC Financial Services Group, Inc will post 19.14 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Monday, July 20th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.70. The PNC Financial Services Group’s dividend payout ratio is currently 37.42%.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, Director Andrew T. Feldstein sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $220.57, for a total transaction of $9,925,650.00. Following the transaction, the director owned 10,749 shares of the company’s stock, valued at $2,370,906.93. This trade represents a 80.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephanie Novosel sold 1,800 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $228.73, for a total value of $411,714.00. Following the completion of the transaction, the executive vice president owned 3,107 shares in the company, valued at approximately $710,664.11. This trade represents a 36.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,300 shares of company stock worth $10,694,574 in the last three months. Company insiders own 0.38% of the company’s stock.

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.