Victory Capital Management Inc. Boosts Stake in The PNC Financial Services Group

The institutional investor increased its holdings in the financial services provider by 13.8% in the 3rd quarter.

Published on Mar. 4, 2026

Got story updates? Submit your updates here. ›

Victory Capital Management Inc. raised its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 13.8% in the 3rd quarter, according to the company's recent filing with the Securities & Exchange Commission. The institutional investor now owns 952,404 shares of the financial services provider's stock, worth approximately $191,367,000.

Why it matters

The PNC Financial Services Group is a major financial institution with a significant retail branch network and capabilities for commercial, institutional, and government clients. Victory Capital Management's increased stake in the company suggests the investment firm sees value and growth potential in PNC's core business activities, which include consumer and business banking, residential mortgage lending, asset management, and wealth advisory services.

The details

According to the filing, Victory Capital Management Inc. purchased an additional 115,751 shares of The PNC Financial Services Group in the 3rd quarter, bringing its total holdings to 952,404 shares. This represents approximately 0.24% of the company's outstanding stock. The institutional investor's increased position in PNC comes as the financial services firm has seen its stock price rise over the past year, reaching a 52-week high of $243.94 in February 2026.

  • Victory Capital Management Inc. increased its stake in The PNC Financial Services Group in the 3rd quarter of 2025.
  • The PNC Financial Services Group's stock price reached a 52-week high of $243.94 in February 2026.

The players

Victory Capital Management Inc.

An institutional investment management firm that oversees approximately $157 billion in client assets.

The PNC Financial Services Group, Inc.

A diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a range of banking, lending, investment, and wealth management services.

Got photos? Submit your photos here. ›

The takeaway

Victory Capital Management's increased stake in The PNC Financial Services Group suggests the investment firm sees long-term growth potential in the financial institution's diversified business model and market position. This move highlights the continued investor interest in PNC's core banking and wealth management offerings.