<div id="readability-page-1"><p>Assenagon Asset Management S.A. lessened its stake in  The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 45.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 672,104 shares of the financial services provider's stock after selling 570,935 shares during the quarter. Assenagon Asset Management S.A. owned 0.17% of The PNC Financial Services Group worth $135,046,000 at the end of the most recent reporting period.</p><ul><li>3 Regional Bank Stocks That Crushed Q3 Earnings</li></ul><p>A number of other institutional investors also recently modified their holdings of PNC. Avior Wealth Management LLC increased its stake in shares of  The PNC Financial Services Group by 4.5% in the second quarter. Avior Wealth Management LLC now owns 1,213 shares of the financial services provider's stock worth $226,000 after acquiring an additional 52 shares during the last quarter.  Rockland Trust Co. grew its stake in  The PNC Financial Services Group by 0.5% in the second quarter. Rockland Trust Co. now owns 10,499 shares of the financial services provider's stock valued at $1,957,000 after purchasing an additional 53 shares in the last quarter.  Almanack Investment Partners LLC. increased its position in  The PNC Financial Services Group by 2.3% in the 2nd quarter. Almanack Investment Partners LLC. now owns 2,433 shares of the financial services provider's stock worth $454,000 after purchasing an additional 55 shares during the last quarter.  Winthrop Capital Management LLC raised its stake in shares of  The PNC Financial Services Group by 2.1% during the 2nd quarter. Winthrop Capital Management LLC now owns 2,619 shares of the financial services provider's stock worth $488,000 after purchasing an additional 55 shares in the last quarter.  Finally, SCS Capital Management LLC raised its stake in shares of  The PNC Financial Services Group by 0.6% during the 2nd quarter. SCS Capital Management LLC now owns 8,527 shares of the financial services provider's stock worth $1,590,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own  83.53% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several brokerages recently commented on PNC. Wells Fargo &amp; Company boosted their price target on The PNC Financial Services Group from $230.00 to $240.00 and gave the company an &#34;overweight&#34; rating in a research note on Friday, October 3rd. Oppenheimer reduced their target price on shares of The PNC Financial Services Group from $240.00 to $231.00 and set an &#34;outperform&#34; rating for the company in a research note on Wednesday, November 19th. Evercore ISI increased their price target on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an &#34;outperform&#34; rating in a research note on Tuesday, September 30th. Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of The PNC Financial Services Group in a report on Monday. Finally, Raymond James Financial upped their price objective on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an &#34;outperform&#34; rating in a report on Friday, September 19th. One investment analyst  has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned  a Hold rating and one  has issued  a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of &#34;Moderate Buy&#34; and an average target price of $217.17.</p><ul><li>MarketBeat Week in Review – 09/22 - 09/26</li></ul><p><b>Read Our Latest Analysis on PNC</b></p><h2>Insider Buying and Selling</h2><p>In other The PNC Financial Services Group news, EVP Guild Deborah sold 1,080 shares of the firm's stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $186.97, for a total value of $201,927.60. Following the sale, the executive vice president owned 27,335 shares of the company's stock, valued at $5,110,824.95. This trade represents a 3.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Duane Thomas sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $183.57, for a total value of $183,570.00. Following the transaction, the executive vice president owned 5,802 shares of the company's stock, valued at approximately $1,065,073.14. This trade represents a 14.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own  0.41% of the company's stock. </p><h2>The PNC Financial Services Group Price Performance</h2><ul><li>After the Fed's Rate Cut, PNC Could See a Mortgage Refinance Boom</li></ul><p>NYSE PNC opened at $210.10 on Wednesday. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $213.03. The company has a fifty day simple moving average of $188.94 and a 200 day simple moving average of $191.82. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99. The company has a market cap of $82.39 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.19 and a beta of 1.01. </p><p>The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results on Wednesday, October 15th. The financial services provider reported $4.35 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.30. The PNC Financial Services Group had a net margin of 19.30% and a return on equity of 11.47%. The firm had revenue of $5.92 billion during the quarter, compared to analyst estimates of $5.82 billion. During the same quarter in the previous year, the business earned $3.49 EPS. The business's revenue was up 8.9% on a year-over-year basis.  On average, sell-side analysts predict that  The PNC Financial Services Group, Inc will post 15.37 EPS for the current year. </p><h2>The PNC Financial Services Group Announces Dividend</h2><p>The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th were paid a dividend of $1.70 per share. The ex-dividend date was Tuesday, October 14th. This represents a $6.80 annualized dividend and a yield of 3.2%. The PNC Financial Services Group's dividend payout ratio  is presently 43.93%. </p><h2>The PNC Financial Services Group Profile</h2> (Free Report)<p>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 &amp; 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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than The PNC Financial Services Group</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>Why Taiwan Semiconductor's 6.5% Dip Could Be a Smart Buy</li><li>3 Warren Buffett Stocks to Buy Now</li><li>RTX Surges to Record Highs as Defense Orders Explode</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>Smart Money Is Buying Auto Suppliers, Not Car Brands</li></ul><p><strong>Want to see what other hedge funds are holding PNC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc (NYSE:PNC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBOQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBOQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in The PNC Financial Services Group Right Now?</h2><p>Before you consider The PNC Financial Services Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The PNC Financial Services Group wasn't on the list.</p><p>While The PNC Financial Services Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Assenagon Asset Management S.A. reduced its stake in PNC Financial Services by 45.9% in Q3, owning 672,104 shares worth $135.05 million. Other investors adjusted holdings, and analysts set new price targets, with ratings from Strong Buy to Sell. Insider trading activities include executives selling shares.</p>

Assenagon Asset Management S.A. Has $135.05 Million Position in The PNC Financial Services Group, Inc $PNC