Aristotle Capital Management 13F: Cuts PNC Stake by $48M

Aristotle Capital Management has reduced its position in The PNC Financial Services Group, Inc. (NYSE: PNC) by 195,386 shares. This move, disclosed in a filing on May 15, 2026, reflects a 4.54% decrease in their stake, leaving them with 4,111,310 shares valued at approximately $977.1 million as of the filing period.

What Changed in Aristotle Capital's PNC Financial Position

Aristotle Capital Management trimmed its holdings in PNC Financial Services from 4,306,696 shares to 4,111,310 shares, marking a reduction of 195,386 shares. This adjustment represents a 4.54% decrease in their stake, based on the latest 13F filing.

Other Institutional Activity in PNC Financial

BlackRock, Inc. slightly reduced its holdings in PNC by 260,382 shares, bringing its total to 31,975,872 shares valued at about $6.65 billion. Meanwhile, State Street Corp increased its position by 349,915 shares, totaling 17,669,349 shares worth approximately $3.68 billion. FMR LLC also reduced its stake by 229,013 shares, now holding 15,689,129 shares valued at $3.26 billion. Geode Capital Management, LLC boosted its holdings by 543,598 shares, ending with 9,405,450 shares worth roughly $1.95 billion.

The PNC Financial Services Group, Inc. Stock Up 14.6%

Shares of NYSE:PNC are trading around $237.66. PNC Financial Services boasts a market capitalization of $95.4 billion, with a P/E ratio of 13.81 and a forward P/E of 11.31. The stock's 52-week range is between $172.88 and $243.94. It has a 50-day moving average of $220.94 and a 200-day moving average of $208.91. The company exhibits a beta of 0.918, indicating lower volatility compared to the market.

Recent Earnings

PNC Financial reported revenue of $23.04 billion, reflecting a growth rate of 13.8%. The company's net margin stands at 31.31%, with a return on equity of 12.10%. Earnings per share (EPS) came in at $17.21. The next earnings release is scheduled for July 15, 2026.

Dividend

PNC Financial Services offers an annual dividend of $6.80 per share, yielding 2.86% with a payout ratio of 38.93%. The stock remains attractive to income-focused investors.

Insider Buying and Selling at The PNC Financial Services Group, Inc.

Recent insider transactions at PNC include Executive Vice President Alexander Overstrom selling 1,500 shares at an average price of $227.97 on June 8, 2026. Additionally, Executive Vice President Stephanie Novosel sold 1,800 shares at $228.73 on June 5, 2026. Andrew Feldstein sold 45,000 shares at $220.57 on May 26, 2026. In contrast, Martin Pfinsgraff, Bryan Scott Salesky, and Renu Khator each bought 844 shares on April 22, 2026.

Analysts Set New Price Targets

On May 8, 2026, Citigroup maintained its 'buy' rating on PNC Financial with a price target of $255. JP Morgan also maintained a 'buy' rating with a $238 target on April 30, 2026. Oppenheimer reaffirmed its 'buy' stance with a $268 target on April 16, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $255.32 based on 19 opinions.

About The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc., headquartered in Pittsburgh, Pennsylvania, is a major player in the financial services sector. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management. PNC provides a wide range of services, including traditional banking, asset management, and investment services. Led by CEO William S. Demchak, the company employs over 56,000 people across its operations.

Bottom Line

Aristotle Capital's decision to reduce its PNC Financial stake by 4.54% reflects a strategic move within its portfolio. Investors often track such filings to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not represent current positions. PNC Financial remains a significant player in the regional banking sector, with strong earnings and a solid dividend offering.