Allspring Global Investments Holdings LLC Acquires 96,016 Shares of The PNC Financial Services Group, Inc $PNC

Allspring Global Investments Holdings LLC lifted its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 176.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,376 shares of the financial services provider’s stock after purchasing an additional 96,016 shares during the period. Allspring Global Investments Holdings LLC’s holdings in The PNC Financial Services Group were worth $31,799,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Viking Global Investors LP boosted its holdings in The PNC Financial Services Group by 234.9% in the third quarter. Viking Global Investors LP now owns 7,956,766 shares of the financial services provider’s stock valued at $1,598,753,000 after acquiring an additional 5,581,102 shares during the last quarter. AQR Capital Management LLC lifted its holdings in The PNC Financial Services Group by 134.9% in the second quarter. AQR Capital Management LLC now owns 3,338,964 shares of the financial services provider’s stock valued at $622,450,000 after buying an additional 1,917,530 shares during the period. Wellington Management Group LLP boosted its position in shares of The PNC Financial Services Group by 50.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,485,320 shares of the financial services provider’s stock worth $700,305,000 after purchasing an additional 1,162,964 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of The PNC Financial Services Group by 43.8% in the 2nd quarter. Federated Hermes Inc. now owns 2,776,517 shares of the financial services provider’s stock worth $517,598,000 after purchasing an additional 845,148 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of The PNC Financial Services Group by 491.7% during the second quarter. Marshall Wace LLP now owns 1,005,926 shares of the financial services provider’s stock worth $187,525,000 after purchasing an additional 835,926 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insider Activity

In other news, EVP Alexander E. C. Overstrom sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $233.91, for a total transaction of $584,775.00. Following the completion of the sale, the executive vice president owned 21,120 shares in the company, valued at approximately $4,940,179.20. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Louis Robert Cestello sold 4,279 shares of The PNC Financial Services Group stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $234.01, for a total value of $1,001,328.79. Following the sale, the executive vice president directly owned 18,867 shares of the company’s stock, valued at approximately $4,415,066.67. The trade was a 18.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 64,186 shares of company stock valued at $14,840,973 in the last 90 days. 0.38% of the stock is owned by company insiders.

The PNC Financial Services Group News Roundup

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

• Positive Sentiment: PNC’s board declared a quarterly cash dividend of $1.70 per share payable May 5, 2026 (record date April 14). A confirmed, sizable payout supports income-seeking buy demand and signals management confidence in capital levels. PNC Declares Dividend of $1.70 on Common Stock
• Positive Sentiment: Short interest in PNC has seen a significant decrease, reducing near-term downward pressure from short covering dynamics and indicating less bearish positioning in the stock. The PNC Financial Services Group, Inc (NYSE:PNC) Sees Significant Decrease in Short Interest
• Positive Sentiment: Recent analyst/commentary pieces highlight PNC as an attractive dividend stock today, which can draw long-term income investors and support multiple expansion or lower volatility in the share price. Why The PNC Financial Services Group, Inc (PNC) is a Great Dividend Stock Right Now
• Neutral Sentiment: PNC released research from its Private Bank on business-owner wealth needs — a strategic product/brand play that may help deposit and fee-income growth over time but is unlikely to move the stock immediately. PNC Private Bank Research Reveals Business Owners Increasingly Want Integrated Financial Advice to Help Align Business, Personal Goals
• Neutral Sentiment: PNC Foundation’s multi-year grant to Sesame Workshop is a positive ESG/community-development signal that supports reputation but is not a direct earnings driver. PNC Grant To Sesame Workshop And What It Means For Investors
• Neutral Sentiment: Market commentary on whether PNC’s current valuation already reflects its multi‑year share price gain offers context on risk/reward but doesn’t constitute new fundamental news. Is PNC Financial Services Group (PNC) Pricing Reflect Its Strong Multi‑Year Share Price Run
• Negative Sentiment: Morgan Stanley lowered its price target for PNC to $263.00, which could limit upside from current levels and prompt some investors to take profits or reprice expectations. Analyst downgrades or target cuts can weigh on sentiment even amid positive corporate actions. Morgan Stanley Lowers The PNC Financial Services Group (NYSE:PNC) Price Target to $263.00

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PNC. JPMorgan Chase & Co. raised their target price on The PNC Financial Services Group from $228.50 to $251.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. TD Cowen increased their price target on shares of The PNC Financial Services Group from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of The PNC Financial Services Group in a research report on Friday, March 27th. Barclays lifted their target price on The PNC Financial Services Group from $235.00 to $271.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Morgan Stanley decreased their target price on The PNC Financial Services Group from $283.00 to $263.00 and set an “equal weight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $238.28.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $211.76 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.90. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $243.94. The stock has a market capitalization of $85.42 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.93 and a beta of 0.96. The company has a 50 day moving average of $217.68 and a 200-day moving average of $205.27.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, January 16th. The financial services provider reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.65. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.90 billion. The PNC Financial Services Group had a net margin of 20.40% and a return on equity of 11.87%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.77 earnings per share. As a group, equities research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Tuesday, January 20th were paid a dividend of $1.70 per share. The ex-dividend date was Tuesday, January 20th. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. The PNC Financial Services Group’s payout ratio is currently 40.99%.

The PNC Financial Services Group Profile

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.