The PNC Financial Services Group, Inc $PNC Shares Acquired by Illinois Municipal Retirement Fund

Posted by Geri Gentry on Nov 12th, 2026

Illinois Municipal Retirement Fund lifted its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 9.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 60,598 shares of the financial services provider’s stock after buying an additional 5,128 shares during the period. Illinois Municipal Retirement Fund’s holdings in The PNC Financial Services Group were worth $13,469,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Bahl & Gaynor LLC acquired a new position in The PNC Financial Services Group in the third quarter valued at $410,083,000. Bank of America Corp DE purchased a new position in The PNC Financial Services Group during the second quarter worth about $2,102,631,000. Formidable Asset Management LLC acquired a new stake in The PNC Financial Services Group in the 3rd quarter worth about $1,406,000. Nykredit A S acquired a new stake in The PNC Financial Services Group in the 2nd quarter worth about $33,532,000. Finally, AMG National Trust Bank acquired a new stake in The PNC Financial Services Group in the 2nd quarter worth about $30,557,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on PNC shares. Royal Bank Of Canada lowered their price target on The PNC Financial Services Group from $273.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Stephens cut their price objective on shares of The PNC Financial Services Group from $265.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Truist Financial decreased their target price on shares of The PNC Financial Services Group from $252.00 to $248.00 and set a “hold” rating on the stock in a research report on Monday, October 19th. Argus boosted their target price on shares of The PNC Financial Services Group from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, HSBC upped their price target on shares of The PNC Financial Services Group from $275.00 to $283.00 and gave the stock a “buy” rating in a research report on Monday, September 28th. Seventeen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $266.04.

Get Our Latest Analysis on PNC

The PNC Financial Services Group Trading Up 0.4%

Shares of PNC opened at $232.26 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $92.15 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The stock’s fifty day simple moving average is $228.09 and its 200 day simple moving average is $229.34. The PNC Financial Services Group, Inc has a twelve month low of $177.08 and a twelve month high of $258.96.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $5.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the business earned $4.35 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that The PNC Financial Services Group, Inc will post 19.24 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Stockholders of record on Wednesday, October 14th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 42.58%.

The PNC Financial Services Group Company 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.