Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Stake in The PNC Financial Services Group, Inc $PNC

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 149.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,693 shares of the financial services provider’s stock after acquiring an additional 4,013 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in The PNC Financial Services Group were worth $1,393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quarry LP purchased a new stake in The PNC Financial Services Group during the 3rd quarter valued at $25,000. Monetary Solutions Ltd purchased a new position in The PNC Financial Services Group during the fourth quarter worth $25,000. Modus Advisors LLC bought a new position in The PNC Financial Services Group during the fourth quarter valued at $29,000. Financial Life Planners purchased a new stake in shares of The PNC Financial Services Group in the first quarter valued at $31,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of The PNC Financial Services Group in the fourth quarter valued at $32,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting The PNC Financial Services Group

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

• Positive Sentiment: PNC reported second-quarter EPS of $4.85 and revenue of $6.66 billion, both above analyst estimates, helped by stronger net interest income, fee income, and loan growth. PNC Reports Second Quarter 2026 Net Income of $2.1 Billion, $4.81 Diluted EPS or $4.85 as Adjusted
• Positive Sentiment: The bank delivered record quarterly revenue and record fee income, with capital markets activity providing a meaningful boost to results. PNC Financial posts record quarterly revenue on capital markets windfall, FirstBank buy
• Positive Sentiment: PNC raised its quarterly common stock dividend to $2.00 per share, signaling confidence in earnings power and balance-sheet strength. PNC Reports Second Quarter 2026 Net Income of $2.1 Billion, $4.81 Diluted EPS or $4.85 as Adjusted
• Positive Sentiment: Management guided to 2026 loan growth of about 12.5%, net interest income growth of 15%-15.5%, and a net interest margin above 3% by year-end, suggesting continued momentum. PNC forecasts 2026 loan growth of ~12.5% and net interest income up 15%-15.5% as it targets >3% net interest margin by year-end
• Neutral Sentiment: The earnings conference call and presentation should give investors more detail on integration costs, capital markets trends, and balance-sheet outlook, but they do not add a new major catalyst by themselves. Transcript: PNC Financial Services Gr Q2 2026 Earnings Conference Call
• Negative Sentiment: Some coverage noted shares had been under pressure despite the beat because expenses rose and deposits declined, which may temper enthusiasm around the results. PNC Financial Q2 Earnings Top on NII & Fee Income Growth, Stock Down

Insider Activity at The PNC Financial Services Group

In other news, Director Andrew T. Feldstein sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $220.57, for a total value of $9,925,650.00. Following the completion of the sale, the director directly owned 10,749 shares in the company, valued at $2,370,906.93. The trade was a 80.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephanie Novosel sold 1,800 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $228.73, for a total value of $411,714.00. Following the transaction, the executive vice president owned 3,107 shares in the company, valued at $710,664.11. This trade represents a 36.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 48,300 shares of company stock worth $10,694,574 in the last 90 days. Corporate insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

PNC has been the subject of a number of recent analyst reports. Truist Financial lifted their price target on shares of The PNC Financial Services Group from $245.00 to $257.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Keefe, Bruyette & Woods increased their price objective on shares of The PNC Financial Services Group from $247.00 to $253.00 and gave the stock a “market perform” rating in a research report on Thursday, April 16th. Bank of America raised their price objective on shares of The PNC Financial Services Group from $260.00 to $264.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. boosted their target price on The PNC Financial Services Group from $238.00 to $264.50 and gave the company an “overweight” rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company boosted their target price on The PNC Financial Services Group from $264.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.09.

The PNC Financial Services Group Trading Up 1.0%

Shares of The PNC Financial Services Group stock opened at $254.30 on Thursday. The firm’s 50 day simple moving average is $231.73 and its two-hundred day simple moving average is $222.96. The firm has a market capitalization of $102.12 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.03 and a beta of 0.91. The PNC Financial Services Group, Inc has a 12-month low of $176.88 and a 12-month high of $256.22. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.05.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.39. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The company had revenue of $6.66 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same period in the previous year, the company posted $3.85 earnings per share. The PNC Financial Services Group’s revenue for the quarter was up 21.4% on a year-over-year basis. Analysts predict that The PNC Financial Services Group, Inc will post 18.83 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Monday, July 20th will be given a dividend of $2.00 per share. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, July 20th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.1%. The PNC Financial Services Group’s payout ratio is 39.51%.

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.