CenterBook Partners LP Acquires New Position in The PNC Financial Services Group, Inc $PNC

Posted by Geri Gentry on Nov 8th, 2026

CenterBook Partners LP bought a new position in shares of The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 13,435 shares of the financial services provider’s stock, valued at approximately $2,986,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at $7,921,455,000. State Street Corp raised its holdings in shares of The PNC Financial Services Group by 4.3% during the 2nd quarter. State Street Corp now owns 18,434,446 shares of the financial services provider’s stock worth $4,538,929,000 after buying an additional 765,097 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth $2,102,631,000. Deutsche Bank AG acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth $1,054,189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of The PNC Financial Services Group by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,607,786 shares of the financial services provider’s stock worth $888,309,000 after buying an additional 39,112 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors.

Trending Headlines about The PNC Financial Services Group

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

Positive Sentiment: PNC Bank plans to expand to more than 370 new branches by 2031, including over 50 additional locations in South Carolina and Georgia. The expansion targets fast-growing markets and could support future customer and revenue growth, though returns will depend on execution. PNC Bank expands branch buildout
Positive Sentiment: Sell-side analysts were reported to rate PNC a “Moderate Buy,” reflecting a generally favorable analyst view. Analyst rating coverage
Neutral Sentiment: PNC presented at the BancAnalysts Association of Boston conference. The available headline provides no specific new financial outlook or business updates to assess. Conference transcript
Negative Sentiment: PNC announced that Alexander E.C. Overstrom will become CFO, with current CFO Robert Q. Reilly moving to executive vice chairman in March 2027. The planned succession provides a transition timeline, but shares reportedly came under pressure after the announcement, suggesting investor concern about the leadership change. CFO transition announcement

The PNC Financial Services Group Stock Down 0.6%

Shares of PNC opened at $225.41 on Friday. The PNC Financial Services Group, Inc has a 52 week low of $177.08 and a 52 week high of $258.96. The stock has a market capitalization of $89.44 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.16 and a beta of 0.92. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.84. The stock has a fifty day moving average of $228.58 and a 200-day moving average of $229.20.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.91 by $0.18. The business had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.61 billion. The PNC Financial Services Group had a return on equity of 12.82% and a net margin of 21.83%. The PNC Financial Services Group’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.35 EPS. As a group, sell-side analysts anticipate that The PNC Financial Services Group, Inc will post 19.24 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Wednesday, October 14th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 42.58%.

Insider Activity at The PNC Financial Services Group

In other news, EVP Stacy Juchno sold 3,354 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $255.84, for a total transaction of $858,087.36. Following the sale, the executive vice president directly owned 18,800 shares in the company, valued at approximately $4,809,792. The trade was a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

PNC has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on The PNC Financial Services Group from $278.00 to $273.00 and set an “equal weight” rating on the stock in a research note on Friday, October 16th. Citigroup lowered their target price on The PNC Financial Services Group from $290.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Wolfe Research began coverage on The PNC Financial Services Group in a research note on Tuesday, October 27th. They set a “peer perform” rating for the company. DA Davidson increased their target price on shares of The PNC Financial Services Group from $247.00 to $281.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. Finally, Oppenheimer raised their price target on shares of The PNC Financial Services Group from $269.00 to $274.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. Seventeen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.04.

Get Our Latest Analysis on PNC

The PNC Financial Services Group Profile

(Free Report)

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It serves consumers, small businesses, corporations, government entities and institutional clients through a range of banking and financial services.

PNC’s businesses include retail banking, corporate and institutional banking, and asset management. Its offerings include deposit accounts, lending, cash management, treasury services, investment and wealth management, and other financial products and services.

The company traces its history to 1852 and took its current name following the 1983 merger of Pittsburgh National Corporation and Provident National Corporation.