Elk River Wealth Management LLC Invests $6.49 Million in The PNC Financial Services Group, Inc $PNC

Posted by Stanley Muller on Jun 23rd, 2026

Elk River Wealth Management LLC acquired a new stake in The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 31,196 shares of the financial services provider’s stock, valued at approximately $6,492,000. The PNC Financial Services Group accounts for 1.1% of Elk River Wealth Management LLC’s portfolio, making the stock its 27th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Intergy Private Wealth LLC purchased a new stake in The PNC Financial Services Group in the 1st quarter worth approximately $3,364,000. Brookstone Capital Management grew its position in shares of The PNC Financial Services Group by 1.9% during the 1st quarter. Brookstone Capital Management now owns 8,254 shares of the financial services provider’s stock valued at $1,718,000 after purchasing an additional 151 shares in the last quarter. Roble Belko & Company Inc increased its holdings in shares of The PNC Financial Services Group by 6.2% in the first quarter. Roble Belko & Company Inc now owns 1,704 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 100 shares during the period. Smith Salley Wealth Management raised its position in shares of The PNC Financial Services Group by 2.2% in the first quarter. Smith Salley Wealth Management now owns 79,656 shares of the financial services provider’s stock worth $16,576,000 after buying an additional 1,697 shares in the last quarter. Finally, Evolve Private Wealth LLC raised its position in shares of The PNC Financial Services Group by 6.2% in the first quarter. Evolve Private Wealth LLC now owns 11,703 shares of the financial services provider’s stock worth $2,435,000 after buying an additional 686 shares in the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PNC shares. Royal Bank Of Canada restated an “outperform” rating and set a $235.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, April 15th. Oppenheimer boosted their price objective on The PNC Financial Services Group from $263.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Morgan Stanley upped their price objective on shares of The PNC Financial Services Group from $263.00 to $267.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Bank of America lifted their target price on shares of The PNC Financial Services Group from $260.00 to $264.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of The PNC Financial Services Group from $247.00 to $253.00 and gave the stock a “market perform” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $246.72.

Check Out Our Latest Stock Report on PNC

Insider Buying and Selling at The PNC Financial Services Group

In other news, EVP Stephanie Novosel sold 1,800 shares of The PNC Financial Services Group 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 transaction, the executive vice president owned 3,107 shares in the company, valued at approximately $710,664.11. The trade was a 36.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew T. Feldstein sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $220.57, for a total value of $9,925,650.00. Following the completion of the sale, the director directly owned 10,749 shares of the company’s stock, valued at approximately $2,370,906.93. This trade represents a 80.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,300 shares of company stock worth $10,694,574 over the last three months. Company insiders own 0.38% of the company’s stock.

The PNC Financial Services Group Price Performance

Shares of The PNC Financial Services Group stock opened at $234.49 on Tuesday. The firm has a market capitalization of $94.16 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.95 and a beta of 0.92. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.05. The PNC Financial Services Group, Inc has a 12 month low of $176.16 and a 12 month high of $243.94. The business’s 50-day moving average price is $222.91 and its 200-day moving average price is $218.02.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last released its earnings results on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.92 by $0.40. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.21 billion. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The PNC Financial Services Group’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.51 EPS. Sell-side analysts forecast that The PNC Financial Services Group, Inc will post 18.81 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 Tuesday, May 5th. Shareholders of record on Tuesday, April 14th were paid a $1.70 dividend. The ex-dividend date of this dividend was Tuesday, April 14th. This represents a $6.80 annualized dividend and a yield of 2.9%. The PNC Financial Services Group’s payout ratio is currently 39.51%.

The PNC Financial Services Group Profile

(Free Report)

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.