Abc Arbitrage 13F: New $7.2M Stake in PNC

Abc Arbitrage opened a new position in The PNC Financial Services Group, Inc. PNC, buying 32,477 shares valued at about $7.22 million. According to a Form 13F filing with the SEC on October 23, 2026, the fund added the regional banking firm to its portfolio during the period.

PNC The PNC Financial Services Group, Inc.

$224.46 ▲ +9.64% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Abc Arbitrage's PNC Position

The fund initiated a brand-new stake in The PNC Financial Services Group, Inc. PNC, acquiring 32,477 shares. The reported value of the holding reached $7,218,338 at the time of the filing. Because this is a newly opened position, there was no prior share count or percentage change to report.

Other Institutional Activity in The PNC Financial Services Group, Inc.

Other large institutional investors have also adjusted their holdings in the bank. Franklin Resources, Inc. trimmed its position by 188,624 shares, ending the period with 8,424,326 shares worth about $1.89 billion.

The PNC Financial Services Group, Inc. Stock Up 0.5%

The stock closed at $224.46 on October 23, 2026, and recently traded around $224.07 as of October 24, 2026. That puts the recent price about equal to its level on the filing date. Shares sit below the 50-day moving average of $232.94 and about 13.5% below the 52-week high of $258.96.

Recent Earnings

The company reported trailing twelve-month revenue of $24.94 billion and basic earnings of $18.78 per share. Profitability remains solid, with a net profit margin of 31.7% and a return on equity of 13.1%. The next earnings report is scheduled for January 15, 2027.

Dividend

The bank pays an annual dividend of $8.00 per share, which works out to a dividend yield of 3.55%. The payout uses 37.4% of the company's earnings.

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

Company insiders have made several sales over recent months. Officer Alexander E. C. Overstrom sold 1,500 shares on June 8, 2026, at $227.97 for a total of $341,956. Officer Michael Duane Thomas sold 1,500 shares on June 12, 2026, at $238.14 for $357,205. Officer Guild Deborah sold 1,200 shares on July 22, 2026, at $252.20 for $302,634. Finally, Officer Stacy M Juchno sold 3,354 shares on August 13, 2026, at $255.84 for $858,076.

Analysts Set New Price Targets

Wall Street firms have recently updated their outlooks on the bank. Keefe, Bruyette & Woods maintained a Market Perform rating and set a $250.00 target on October 16, 2026. Raymond James kept an Outperform rating while adjusting its target to $255.00 on the same day. Citigroup kept a Buy rating with a $270.00 target on October 19, 2026. Evercore ISI Group maintained an Outperform rating and a $260.00 target on October 19, 2026, and Truist Securities kept a Hold rating with a $248.00 target that day. Overall, the stock has a consensus buy rating and a mean price target of $263.00 from 21 analysts.

About The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It provides retail banking, corporate and institutional banking, and asset management services through its various operating segments.

Bottom Line

Investors will look ahead to the next earnings release on January 15, 2027, to check loan growth and credit quality. Future regulatory filings will show whether other major funds continue to buy or trim shares in the bank.