Pinnacle Associates Ltd. Makes New Investment in The PNC Financial Services Group, Inc $PNC

Posted by Geri Gentry on Oct 21st, 2026

Pinnacle Associates Ltd. purchased a new stake in The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 68,279 shares of the financial services provider’s stock, valued at approximately $15,176,000.

Several other hedge funds have also bought and sold shares of PNC. Nisa Investment Advisors LLC lifted its position in shares of The PNC Financial Services Group by 1.4% in the third quarter. Nisa Investment Advisors LLC now owns 161,301 shares of the financial services provider’s stock worth $35,851,000 after buying an additional 2,160 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in The PNC Financial Services Group by 52.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 84,900 shares of the financial services provider’s stock valued at $18,870,000 after buying an additional 29,119 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in The PNC Financial Services Group by 7.3% during the 3rd quarter. Diversify Advisory Services LLC now owns 4,199 shares of the financial services provider’s stock valued at $903,000 after buying an additional 286 shares in the last quarter. 55 North Private Wealth LLC grew its holdings in The PNC Financial Services Group by 7.4% during the 3rd quarter. 55 North Private Wealth LLC now owns 1,349 shares of the financial services provider’s stock valued at $300,000 after buying an additional 93 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in The PNC Financial Services Group by 0.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 58,476 shares of the financial services provider’s stock valued at $12,997,000 after buying an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group News Summary

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

Positive Sentiment: Citigroup, Evercore, and Stephens retained bullish ratings on PNC—“buy,” “outperform,” and “overweight,” respectively—despite lowering their price targets. Their revised targets remain above the stock’s recent trading range, signaling continued confidence in the bank’s longer-term prospects.
Positive Sentiment: Morgan Stanley maintained an “equal weight” rating while setting a $273 target, and Truist kept a “hold” rating with a $248 target. Although not outright bullish, both targets imply analysts believe the shares could appreciate from recent levels.
Neutral Sentiment: A Yahoo Finance article reviews five notable questions from PNC’s third-quarter earnings call, offering additional insight into analyst concerns and management’s outlook but no new specific catalyst in the available report. The 5 Most Interesting Analyst Questions From PNC Financial Services Group’s Q3 Earnings Call
Negative Sentiment: Citigroup cut its target from $290 to $270; Evercore reduced its target from $265 to $260; Stephens lowered its target from $265 to $250; Morgan Stanley trimmed its target from $278 to $273; and Truist reduced its target from $252 to $248. The broad pattern suggests analysts are moderating expectations even while retaining favorable or neutral ratings.
Negative Sentiment: An article examining PNC as a dividend opportunity highlights a potential drawback, which may temper income-investor enthusiasm and reinforce concerns about the stock’s near-term valuation or dividend outlook. PNC Financial Looks Like a Dividend Deal, but There’s a Catch

Insider Activity

In other news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $255.84, for a total value of $858,087.36. Following the completion of the transaction, the executive vice president owned 18,800 shares in the company, valued at approximately $4,809,792. The trade was a 15.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.

Analysts Set New Price Targets

PNC has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on The PNC Financial Services Group from $269.50 to $258.00 and set an “overweight” rating on the stock in a research note on Friday, October 2nd. Oppenheimer increased their target price on The PNC Financial Services Group from $263.00 to $269.00 and gave the company an “outperform” rating in a research report on Friday, October 16th. Bank of America cut their target price on shares of The PNC Financial Services Group from $291.00 to $276.00 in a report on Thursday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of The PNC Financial Services Group in a report on Tuesday, October 13th. Finally, Wells Fargo & Company boosted their price target on shares of The PNC Financial Services Group from $270.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.13.

Get Our Latest Stock Report on PNC

The PNC Financial Services Group Stock Up 2.3%

Shares of NYSE:PNC opened at $221.10 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.23. The PNC Financial Services Group, Inc has a 12 month low of $177.08 and a 12 month high of $258.96. The company has a 50-day moving average price of $233.97 and a 200 day moving average price of $233.43. The company has a market cap of $88.21 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.12 and a beta of 0.94.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $5.09 EPS for the quarter, topping the consensus estimate of $4.91 by $0.18. The PNC Financial Services Group had a return on equity of 12.82% and a net margin of 21.83%. The company had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same quarter last year, the business posted $4.35 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts predict that The PNC Financial Services Group, Inc will post 19.22 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Wednesday, October 14th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 42.58%.

About The PNC Financial Services Group

(Free Report)

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal banking subsidiary, PNC Bank, the company provides banking, lending, investment, and related financial services to individuals, small businesses, corporations, government entities, and institutional clients.

PNC’s consumer offerings include checking and savings accounts, credit cards, mortgages, home equity loans, personal lending, and online and mobile banking.