Vest Financial 13F: Cuts PNC Stake by $12M
Key Points
- Vest Financial cut its PNC position by 55,124 shares, leaving a total stake of 167,948 shares valued at about $37.3 million.
- The regional bank recently traded around $224.80, up about 0.9% since the filing closed at $222.89 on October 21, 2026.
- Wall Street analysts hold a consensus buy rating on the stock with a mean price target of $263.00 ahead of next earnings on January 15, 2027.
Since the filing, $PNC is up 1.2% to date (from the $222.89 close on Oct 21, 2026).
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Vest Financial reduced its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 24.7%, selling 55,124 shares during the period. According to a Form 13F filing with the Securities and Exchange Commission on October 21, 2026, the firm ended the quarter with 167,948 shares of the regional bank. That remaining block carried a value of about $37.3 million at the close of the period.
PNC
The PNC Financial Services Group, Inc.
Vest Financial vs. the S&P 500
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What Changed in Vest Financial's PNC Position
The reduction lowered the firm's exposure to the Pittsburgh-based lender after a prior holding of 223,072 shares. Even with the trim, the remaining investment represents a notable position in the financial services firm, which operates retail, corporate, and asset management divisions across the United States.
Other Institutional Activity in The PNC Financial Services Group
Other major fund managers also adjusted their positions in the bank during recent filing periods. Y-Intercept grew its holdings, ending with 66,582 shares worth about $14.8 million. Heck Capital Advisors also took a new stance, holding 10,900 shares valued at roughly $2.4 million. Meanwhile, Franklin Resources, Inc. trimmed its stake by 2.2%, lowering its holdings by 188,624 shares to end with 8,424,326 shares worth about $1.9 billion.
The PNC Financial Services Group, Inc. Stock Up 0.9%
The stock recently traded around $224.80 as of October 23, 2026, up about 0.9% since the filing date when shares closed at $222.89. The shares sit below their 50-day moving average of $232.94 and below their 52-week high of $258.96, while holding well above the 52-week low of $177.08.
Recent Earnings
The bank reported trailing twelve-month revenue of $24.9 billion alongside earnings of $18.78 per share. The company maintains a net profit margin of 31.7% and a return on equity of 13.1%. Its next quarterly financial report is scheduled for release on January 15, 2027.
Dividend
The company pays an annual dividend rate of $8.00 per share, giving it a dividend yield of 3.55% with a payout ratio of 37.4%.
Insider Buying and Selling at The PNC Financial Services Group, Inc.
Company insiders completed several share sales over the summer months. Officer Alexander E. C. Overstrom sold 1500 shares on June 8, 2026, at an average price of $227.97 for a total of $341,956. Officer Michael Duane Thomas sold 1500 shares on June 12, 2026, at $238.14 per share. Later, Officer Guild Deborah sold 1200 shares on July 22, 2026, at $252.20, and Officer Stacy M Juchno sold 3354 shares on August 13, 2026, at $255.84.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on the stock ahead of the filing. On October 16, 2026, Keefe, Bruyette & Woods maintained its market perform rating while lowering its price target to $250.00 from $260.00. Raymond James also maintained an outperform rating on October 16, adjusting its target down to $255.00 from $275.00. Citigroup kept a buy rating on October 19 while lowering its target to $270.00. Evercore ISI Group maintained an outperform rating on October 19 with a reduced target of $260.00, and Truist Securities held a hold rating with a target of $248.00. Overall, the stock carries a consensus buy rating and a mean price target of $263.00 across 21 analyst opinions.
About The PNC Financial Services Group
The PNC Financial Services Group, Inc. functions as a major diversified financial services provider in the United States. Headquartered in Pennsylvania and led by CEO William S. Demchak, the company delivers retail banking, corporate banking, and wealth management services to millions of customers. Institutional portfolio adjustments reflect ongoing shifts in capital allocation among large financial sector holdings.
Bottom Line
Investors tracking the bank will look ahead to its upcoming earnings report in January 2027 for updates on revenue and profit margins. Future regulatory filings will show whether institutional managers continue to trim or rebuild their positions in the financial sector.
Related Filing Alerts
Source: Vest Financial's 13F filing on $PNC (Oct 21, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts