Massachusetts Financial Services Co. MA Has $1.73 Billion Stock Holdings in The PNC Financial Services Group, Inc $PNC

Massachusetts Financial Services Co. MA decreased its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,608,984 shares of the financial services provider’s stock after selling 255,031 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.19% of The PNC Financial Services Group worth $1,729,803,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. acquired a new stake in shares of The PNC Financial Services Group in the second quarter worth $27,000. Concord Wealth Partners raised its stake in The PNC Financial Services Group by 144.9% during the 2nd quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in The PNC Financial Services Group in the 2nd quarter valued at $37,000. True Wealth Design LLC grew its position in The PNC Financial Services Group by 1,133.3% in the 2nd quarter. True Wealth Design LLC now owns 222 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 204 shares during the last quarter. Finally, Bayforest Capital Ltd increased its holdings in shares of The PNC Financial Services Group by 237.1% during the 3rd quarter. Bayforest Capital Ltd now owns 209 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 147 shares during the period. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Stock Up 3.7%

Shares of NYSE:PNC opened at $223.01 on Friday. The company’s fifty day moving average is $202.68 and its 200-day moving average is $197.30. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 0.81. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $227.00. The company has a market capitalization of $87.46 billion, a PE ratio of 13.44, a P/E/G ratio of 0.95 and a beta of 0.99.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.65. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.90 billion. The PNC Financial Services Group had a net margin of 19.30% and a return on equity of 11.47%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm posted $3.77 EPS. Equities research analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Tuesday, January 20th will be given a dividend of $1.70 per share. The ex-dividend date is Tuesday, January 20th. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The PNC Financial Services Group’s dividend payout ratio is 40.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Evercore ISI lifted their target price on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Citigroup lifted their price objective on The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Truist Financial upped their target price on The PNC Financial Services Group from $210.00 to $229.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. Morgan Stanley boosted their price target on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Finally, Wells Fargo & Company increased their price objective on shares of The PNC Financial Services Group from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.06.

The PNC Financial Services Group News Summary

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

• Positive Sentiment: Q4 beat and record revenue — PNC reported $4.88 EPS vs. ~$4.23 consensus and roughly $6.1B in revenue (record), driven by higher NII, fee income and lower credit costs; management highlighted share repurchases and improved tangible book value. Read More.
• Positive Sentiment: Upbeat 2026 outlook — PNC is forecasting mid-to-high single digit loan growth and double-digit revenue/NII expansion in 2026 (management cited ~8% loan growth and ~11% revenue growth in article coverage), underpinning higher forward EPS expectations. Read More.
• Positive Sentiment: Deal and deposit/loan momentum — PNC closed the FirstBank acquisition on Jan. 5, which management says supports Sun Belt expansion, loan growth and fee opportunities. Read More.
• Positive Sentiment: Investor interest and positioning — unusual options activity with a large increase in call buying suggests traders are positioning for further upside after the print. Read More.
• Neutral Sentiment: Profit drivers and one-offs — results benefitted from higher interest income and a dealmaking windfall, as reported by Reuters and WSJ; some items (e.g., Visa derivative adjustment) partially offset noninterest income. Read More.
• Neutral Sentiment: Debt management action — PNC announced redemption of $1.25B of 4.758% senior notes maturing in 2027, a liability management move that is neither clearly dilutive nor immediately value-accretive. Read More.
• Negative Sentiment: Rising expenses and efficiency — noninterest expense rose ~4% and efficiency ratio stayed near 59%; while still manageable, higher expenses partially offset revenue gains and could cap margin improvement if costs persist. Read More.

Insiders Place Their Bets

In related news, EVP Guild Deborah sold 1,080 shares of The PNC Financial Services Group stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $186.97, for a total value of $201,927.60. Following the completion of the transaction, the executive vice president directly owned 27,335 shares of the company’s stock, valued at $5,110,824.95. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Duane Thomas sold 1,000 shares of the stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $183.57, for a total transaction of $183,570.00. Following the sale, the executive vice president directly owned 5,802 shares in the company, valued at approximately $1,065,073.14. This represents a 14.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.41% of the company’s stock.

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.