Stock Yards Bank & Trust Co. Reduces Holdings in The PNC Financial Services Group, Inc $PNC

Stock Yards Bank & Trust Co. lessened its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,200 shares of the financial services provider’s stock after selling 4,350 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in The PNC Financial Services Group were worth $7,876,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Avidian Wealth Enterprises LLC raised its position in The PNC Financial Services Group by 13.9% in the third quarter. Avidian Wealth Enterprises LLC now owns 2,187 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 267 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of The PNC Financial Services Group during the 3rd quarter worth about $10,938,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in The PNC Financial Services Group by 3.3% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 303,861 shares of the financial services provider’s stock valued at $61,055,000 after buying an additional 9,629 shares during the period. Chicago Partners Investment Group LLC lifted its position in The PNC Financial Services Group by 31.1% in the third quarter. Chicago Partners Investment Group LLC now owns 7,161 shares of the financial services provider’s stock valued at $1,309,000 after buying an additional 1,697 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in The PNC Financial Services Group by 26.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 579 shares of the financial services provider’s stock worth $116,000 after buying an additional 122 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The PNC Financial Services Group

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on PNC. Evercore ISI boosted their price target on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods boosted their target price on The PNC Financial Services Group from $228.00 to $247.00 and gave the company a “market perform” rating in a research report on Tuesday. Cfra Research upgraded The PNC Financial Services Group to a “moderate buy” rating in a research note on Thursday, October 16th. UBS Group lifted their price objective on The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Finally, Royal Bank Of Canada increased their target price on The PNC Financial Services Group from $222.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.00.

The PNC Financial Services Group Stock Down 1.0%

Shares of NYSE PNC opened at $220.99 on Wednesday. The stock has a market cap of $86.66 billion, a P/E ratio of 13.32, a PEG ratio of 0.94 and a beta of 0.99. The business’s fifty day simple moving average is $204.16 and its 200-day simple moving average is $197.69. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $227.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.88 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.65. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $5.90 billion. The PNC Financial Services Group had a return on equity of 11.87% and a net margin of 20.40%.The PNC Financial Services Group’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.77 EPS. As a group, equities analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Tuesday, January 20th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, January 20th. The PNC Financial Services Group’s dividend payout ratio is presently 40.99%.

More The PNC Financial Services Group News

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

• Positive Sentiment: TD Cowen raised its price target to $260 and maintains a “buy” rating (~17.7% upside vs. $220.99). TD Cowen PT Raise
• Positive Sentiment: Oppenheimer boosted its target to $284 and kept an “outperform” call (~28.5% upside). Oppenheimer PT Raise
• Positive Sentiment: Wells Fargo raised its target to $264 and rates PNC “overweight” (~19.5% upside). Wells Fargo PT Raise
• Positive Sentiment: Royal Bank of Canada moved its target to $235 and holds an “outperform” rating (~6.3% upside). RBC PT Raise
• Positive Sentiment: Analysts broadly raised forecasts after PNC’s upbeat Q4 fiscal 2025 results (EPS and revenue beat), prompting several target upgrades and more bullish estimates. Analysts Raise Forecasts After Q4
• Neutral Sentiment: Keefe, Bruyette & Woods bumped its target to $247 and kept a “market perform” rating (~11.8% upside) — a more cautious, middle?of?the?road view. Keefe, Bruyette & Woods PT Raise
• Neutral Sentiment: Yahoo Finance published a valuation piece assessing PNC after the record Q4 results; useful context on multiple/valuation vs. peers. Yahoo Valuation Article
• Negative Sentiment: Morgan Stanley raised its target to $221 but retained an “underweight” rating (roughly no upside vs. $220.99), signaling continued caution from some strategists. Morgan Stanley PT Raise

The PNC Financial Services Group Company 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.