Thomas Duane Sells Shares of PNC Financial Services
PNC's Executive VP Thomas Duane sold 1,500 shares on June 12, 2026.
Key Points
- Thomas Michael Duane, PNC's Executive VP, sold 1,500 shares at $238.14 each, totaling $357,210 on June 12, 2026.
- PNC Financial Services has a market cap of $92.6 billion and a P/E ratio of 13.4, with shares trading at $230.56.
- Analysts like Stephens & Co. have a 'buy' rating on PNC with a price target of $265 as of June 15, 2026.
On June 12, 2026, Thomas Michael Duane, an Executive Vice President at The PNC Financial Services Group, Inc. (NYSE:PNC), sold 1,500 shares of the company. The shares were sold at an average price of $238.14 each, amounting to a total transaction value of $357,210. This transaction was not part of a pre-arranged trading plan.
Other Institutional Activity in The PNC Financial Services Group
Several institutional investors have been active in PNC's stock recently. BlackRock, Inc. trimmed its holdings by 260,382 shares, bringing its total to approximately 31.98 million shares valued at about $6.65 billion. Meanwhile, State Street Corp increased its position by 349,915 shares to hold around 17.67 million shares, worth $3.68 billion. Geode Capital Management, LLC also boosted its stake, adding 543,598 shares to reach a total of 9.41 million shares valued at $1.95 billion.
The PNC Financial Services Group Stock Snapshot
Shares of PNC Financial Services (NYSE:PNC) are currently trading near $230.56. The company boasts a market capitalization of about $92.6 billion and a P/E ratio of 13.4. PNC's stock has experienced a 52-week range from $172.88 to $243.94. The 50-day moving average stands at $221.32, while the 200-day moving average is $209.03.
Recent Earnings
In its latest earnings report, PNC Financial Services reported revenue of $23.04 billion, reflecting a growth of 13.8%. The company's net margin was 31.3%, with a return on equity of 12.1%. Earnings per share came in at $17.21. The next earnings release is scheduled for July 15, 2026.
Dividend
PNC offers an annual dividend of $6.80, yielding 2.95% at current prices. The dividend payout ratio is 38.93%, indicating a sustainable distribution policy.
Insider Buying and Selling at The PNC Financial Services Group, Inc.
In addition to Thomas Duane's recent sale, several other insiders have been active. On June 8, 2026, Alexander Overstrom, another Executive Vice President, sold 1,500 shares at $227.97. Earlier, on June 5, 2026, Stephanie Novosel sold 1,800 shares at $228.73. Notably, Andrew Feldstein sold 45,000 shares on May 26, 2026, at $220.57.
Analysts Set New Price Targets
Analysts have been setting new price targets for PNC. On June 15, 2026, Stephens & Co. reinstated coverage with a 'buy' rating and a target price of $265. Citigroup maintained its 'buy' rating with a target of $255 on May 8, 2026. The consensus among analysts is a 'buy' rating, with an average target price of $255.32 from 19 analysts.
About The PNC Financial Services Group
The PNC Financial Services Group, Inc. is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Founded in 1865, it operates through segments including Retail Banking, Corporate & Institutional Banking, and Asset Management. The company serves a wide range of customers, from individuals and small businesses to large corporations and government entities. Under the leadership of CEO William S. Demchak, PNC employs over 56,000 people.
Bottom Line
Thomas Duane's recent sale of PNC shares is a notable insider transaction, reflecting ongoing activity among executives. The PNC Financial Services Group remains a significant player in the financial sector, with a strong market presence and a robust financial position. Investors and analysts continue to monitor the stock closely, with several maintaining positive outlooks.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.