Boothe Investment Group Inc. Takes Position in The PNC Financial Services Group, Inc $PNC

Posted by George Bondi on Jul 31st, 2026

Boothe Investment Group Inc. acquired a new stake in The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 2,747 shares of the financial services provider’s stock, valued at approximately $572,000.

Several other large investors have also bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of The PNC Financial Services Group by 6.4% in the first quarter. Bank of America Corp DE now owns 7,991,138 shares of the financial services provider’s stock valued at $1,662,876,000 after buying an additional 482,970 shares in the last quarter. Kentucky Retirement Systems boosted its stake in shares of The PNC Financial Services Group by 77.1% during the 1st quarter. Kentucky Retirement Systems now owns 43,932 shares of the financial services provider’s stock worth $9,142,000 after acquiring an additional 19,124 shares in the last quarter. Chesapeake Wealth Management boosted its stake in shares of The PNC Financial Services Group by 20.9% during the 1st quarter. Chesapeake Wealth Management now owns 1,767 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 306 shares in the last quarter. Bull Harbor Capital LLC acquired a new position in shares of The PNC Financial Services Group in the 1st quarter worth $1,734,000. Finally, Strategic Investment Advisors MI acquired a new position in shares of The PNC Financial Services Group in the 1st quarter worth $1,579,000. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Trading Up 0.1%

Shares of NYSE PNC opened at $248.74 on Friday. The PNC Financial Services Group, Inc has a one year low of $176.88 and a one year high of $256.49. The firm has a market capitalization of $99.89 billion, a PE ratio of 13.69, a PEG ratio of 0.99 and a beta of 0.91. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.29. The business has a 50-day moving average price of $239.63 and a two-hundred day moving average price of $225.84.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.39. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.51 billion. The PNC Financial Services Group had a return on equity of 12.48% and a net margin of 21.41%.The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.85 EPS. As a group, analysts predict that The PNC Financial Services Group, Inc will post 19.25 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Monday, July 20th will be paid a $2.00 dividend. The ex-dividend date is Monday, July 20th. This represents a $8.00 annualized dividend and a yield of 3.2%. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.70. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 44.03%.

Insider Buying and Selling at The PNC Financial Services Group

In related news, EVP Michael Duane Thomas sold 1,500 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $238.14, for a total transaction of $357,210.00. Following the completion of the sale, the executive vice president directly owned 5,059 shares in the company, valued at approximately $1,204,750.26. This trade represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Stephanie Novosel sold 1,800 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $228.73, for a total value of $411,714.00. Following the sale, the executive vice president owned 3,107 shares of the company’s stock, valued at approximately $710,664.11. This represents a 36.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 48,300 shares of company stock worth $10,694,574. 0.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Argus boosted their price objective on The PNC Financial Services Group from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. UBS Group raised their target price on shares of The PNC Financial Services Group from $263.00 to $288.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of The PNC Financial Services Group in a research report on Wednesday, July 15th. Robert W. Baird boosted their price target on shares of The PNC Financial Services Group from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Barclays upped their price target on shares of The PNC Financial Services Group from $277.00 to $284.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $265.73.

View Our Latest Stock Report on The PNC Financial Services Group

About The PNC Financial Services Group

(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.