Jennison Associates LLC Raises Holdings in The PNC Financial Services Group, Inc (NYSE:PNC)

18 Jul 2025, 11:54 by Jessica Moore · The Cerbat Gem

Jennison Associates LLC grew its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 5.6% in the 1st quarter, Holdings Channel reports. The fund owned 1,699,526 shares of the financial services provider’s stock after acquiring an additional 90,792 shares during the period. Jennison Associates LLC’s holdings in The PNC Financial Services Group were worth $298,726,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Quadrant Capital Group LLC grew its stake in shares of The PNC Financial Services Group by 0.9% during the fourth quarter. Quadrant Capital Group LLC now owns 6,679 shares of the financial services provider’s stock valued at $1,288,000 after acquiring an additional 59 shares in the last quarter. True Wealth Design LLC lifted its holdings in The PNC Financial Services Group by 41.5% in the fourth quarter. True Wealth Design LLC now owns 201 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 59 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 65 shares during the last quarter. Sandy Spring Bank lifted its holdings in The PNC Financial Services Group by 1.4% in the fourth quarter. Sandy Spring Bank now owns 4,901 shares of the financial services provider’s stock worth $945,000 after acquiring an additional 67 shares during the last quarter. Finally, KCM Investment Advisors LLC lifted its holdings in The PNC Financial Services Group by 3.9% in the fourth quarter. KCM Investment Advisors LLC now owns 1,828 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 68 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Kieran John Fallon sold 1,492 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $174.56, for a total value of $260,443.52. Following the sale, the executive vice president owned 20,490 shares of the company’s stock, valued at $3,576,734.40. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $169.75, for a total transaction of $210,829.50. Following the sale, the chief executive officer directly owned 554,879 shares in the company, valued at $94,190,710.25. This represents a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,545 shares of company stock valued at $1,590,080 in the last quarter. Insiders own 0.41% of the company’s stock.

The PNC Financial Services Group Stock Down 0.0%

PNC stock opened at $195.95 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.81 and a debt-to-equity ratio of 1.05. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The company has a fifty day simple moving average of $181.79 and a 200 day simple moving average of $180.27. The firm has a market cap of $77.51 billion, a PE ratio of 13.40, a PEG ratio of 1.54 and a beta of 1.07.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the previous year, the business earned $3.39 EPS. The PNC Financial Services Group’s quarterly revenue was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th will be given a dividend of $1.70 per share. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a yield of 3.47%. The PNC Financial Services Group’s payout ratio is currently 48.02%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PNC. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Hsbc Global Res raised The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. The Goldman Sachs Group boosted their target price on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Raymond James Financial raised The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $220.00 target price on the stock in a report on Tuesday, July 8th. Finally, Citigroup lifted their price target on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $212.76.

View Our Latest Report on PNC

The PNC Financial Services Group Profile

(Free Report)

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.