Y-Intercept (Hong Kong) 13F: New $15M Stake in PNC

Y-Intercept (Hong Kong) has taken a new position in The PNC Financial Services Group, Inc. (NYSE: PNC) as disclosed in a filing on October 16, 2026. The fund acquired 66,582 shares, valued at approximately $14.8 million. This marks the fund's first stake in the company.

What Changed in Y-Intercept's PNC Position

Y-Intercept opened a new position with 66,582 shares, reflecting a total value of about $14.8 million. This is the first time the fund has held shares in PNC.

Other Institutional Activity in PNC

Several other major funds also hold significant stakes in PNC. BlackRock Inc. has 32,172,263 shares worth about $6.99 billion after adding 195,061 shares. Vanguard Capital Management LLC holds 26,208,803 shares valued at $5.7 billion, with no change reported. State Street Corporation increased its holdings by 765,083 shares, totaling 18,434,446 shares worth around $4.0 billion, reflecting a 4.3% increase.

The PNC Financial Services Group, Inc. Stock Up 1.9%

As of October 16, 2026, PNC shares trade recently around $218.98, which is below both its 50-day moving average of $236.21 and its 200-day average of $228.41. The stock is also 15.4% below its 52-week high of $258.96 but sits 23.8% above its 52-week low of $176.88.

Recent Earnings

PNC reported trailing-twelve-month revenue of approximately $24.94 billion, with a net margin of 31.7% and an impressive return on equity of 13.1%. The next earnings report is expected on January 15, 2027.

Dividend

PNC pays an annual dividend of $8.00 per share, giving it a dividend yield of 3.72%. The company maintains a dividend payout ratio of 37.4%.

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

Recent insider activity includes several sales prior to this filing. On June 12, 2026, Executive Vice President Thomas Michael Duane sold 1,500 shares at an average price of $238.14 for a total of about $357,210. Similarly, Officer Michael Duane Thomas sold 1,500 shares at the same price for a total of about $357,205. Other officers also sold shares in mid-2026.

Analysts Set New Price Targets

On October 16, 2026, analysts reaffirmed their ratings for PNC. Keefe, Bruyette & Woods maintained a Market Perform rating with a target of $250. Meanwhile, Raymond James and RBC Capital kept their Outperform ratings, with targets of $255 and $250, respectively. Oppenheimer raised its target to $269.

About PNC Financial Services

The PNC Financial Services Group, Inc. is a diversified financial services company based in Pittsburgh, PA. It operates through retail banking, corporate and institutional banking, and asset management segments. The recent activity from Y-Intercept and other big holders indicates continued interest in PNC's performance.

Bottom Line

Y-Intercept's new position in PNC adds a fresh perspective to the stock as it trades below its moving averages and targets. Analysts will continue to watch for the upcoming earnings report on January 15, 2027, for further insights into PNC's performance. Keep in mind that this filing reflects holdings as of the reporting period and may not represent the fund's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.