The Manufacturers Life Insurance Company Sells 15,054 Shares of The PNC Financial Services Group, Inc $PNC

Posted by George Bondi on Sep 12th, 2026

The Manufacturers Life Insurance Company trimmed its stake in The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,552 shares of the financial services provider’s stock after selling 15,054 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of The PNC Financial Services Group worth $69,078,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. California State Teachers Retirement System grew its holdings in The PNC Financial Services Group by 24,820.0% during the second quarter. California State Teachers Retirement System now owns 154,202,415 shares of the financial services provider’s stock valued at $37,967,719,000 after purchasing an additional 153,583,625 shares during the period. BlackRock Inc. bought a new position in shares of The PNC Financial Services Group in the second quarter worth about $7,921,455,000. State Street Corp raised its stake in shares of The PNC Financial Services Group by 0.4% in the fourth quarter. State Street Corp now owns 17,319,434 shares of the financial services provider’s stock worth $3,615,085,000 after buying an additional 77,302 shares during the period. Capital International Investors lifted its position in shares of The PNC Financial Services Group by 10.2% during the 4th quarter. Capital International Investors now owns 11,936,742 shares of the financial services provider’s stock valued at $2,491,819,000 after buying an additional 1,101,055 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of The PNC Financial Services Group during the 4th quarter valued at about $1,967,080,000. 83.53% of the stock is owned by institutional investors.

Insider Buying and Selling at The PNC Financial Services Group

In related news, EVP Stacy Juchno sold 3,354 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $255.84, for a total transaction of $858,087.36. Following the completion of the transaction, the executive vice president directly owned 18,800 shares of the company’s stock, valued at approximately $4,809,792. This trade represents a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

PNC has been the subject of several analyst reports. Truist Financial increased their target price on shares of The PNC Financial Services Group from $257.00 to $264.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Royal Bank Of Canada lifted their price target on shares of The PNC Financial Services Group from $235.00 to $273.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Citigroup upped their price target on shares of The PNC Financial Services Group from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Stephens increased their price objective on shares of The PNC Financial Services Group from $265.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Barclays raised their price objective 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.73.

Read Our Latest Stock Report on PNC

The PNC Financial Services Group Stock Performance

NYSE:PNC opened at $244.32 on Friday. The stock has a 50-day moving average price of $249.01 and a 200 day moving average price of $230.27. The stock has a market capitalization of $97.47 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.21 and a beta of 0.90. The PNC Financial Services Group, Inc has a 12-month low of $176.88 and a 12-month high of $258.96. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.34.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.39. The PNC Financial Services Group had a return on equity of 12.48% and a net margin of 21.41%.The company had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous year, the firm earned $3.85 EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. Equities research analysts forecast that The PNC Financial Services Group, Inc will post 19.25 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, July 20th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 3.3%. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend was Monday, July 20th. The PNC Financial Services Group’s payout ratio is presently 44.03%.

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 PNC Bank and its other businesses, the company provides banking, lending, investment, and financial advisory services to individuals, small businesses, corporations, government entities, and institutional clients.

PNC’s offerings include checking and savings accounts, consumer and commercial loans, residential mortgages, credit cards, treasury management, payment processing, and corporate banking services.