Rhumbline Advisers Sells 28,747 Shares of The PNC Financial Services Group, Inc $PNC

NodeGuardian · 2026-02-20T22:32:52+00:00

Rhumbline Advisers reduced its stake in PNC Financial Services by 3.9% in Q3, selling 28,747 shares but still holding $140.55 million in stock. Institutional ownership remains high, and analysts rate PNC as a "Moderate Buy" with a target price of $234.44 after strong earnings.

NodeGuardian

2026-02-20 22:32:52

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Rhumbline Advisers decreased its stake in The PNC Financial Services Group, Inc. by 3.9% during the third quarter, selling 28,747 shares and retaining 699,512 shares valued at approximately $140.55 million. Despite this sale, over 83% of the stock is held by institutional investors, with several other funds increasing their positions in PNC during the same period. Analysts maintain a “Moderate Buy” consensus rating for PNC with a target price of $234.44, following strong Q3 earnings that surpassed estimates.

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