Who Owns PNC Bank?


Updated: February 19, 2023

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PNC Bank is one of the largest financial institutions in the United States. It offers a wide range of financial services to individuals, small businesses, corporations, and institutional clients. PNC Bank has a history that dates back to the mid-19th century, and it has grown into a major player in the financial sector.

The ownership of PNC Bank is distributed among a large number of institutional and individual investors. As a publicly traded company, PNC Bank is owned by shareholders who hold its stock. The ownership of PNC Bank is dynamic and changes frequently, as investors buy and sell shares on stock exchanges. As of the latest available information, PNC Bank had over 426 million shares outstanding, and its market capitalization was around $73 billion.

In terms of the largest institutional investors, the Vanguard Group holds the largest stake in PNC Bank, with over 7% of the outstanding shares. Other large institutional investors in PNC Bank include BlackRock, State Street Corporation, and Fidelity Management & Research Company. However, the majority of PNC Bank’s ownership is held by individual investors, who hold approximately 80% of the outstanding shares.

PNC Bank’s ownership is diverse and distributed, reflecting the company’s long-standing commitment to being a responsible corporate citizen. As a publicly traded company, PNC Bank is accountable to its shareholders, and its management team is focused on delivering long-term value to them. PNC Bank has a strong reputation for its financial stability and its commitment to serving its customers, and its ownership structure reflects its broad appeal to investors from all walks of life.

A look at the biggest institutional and inside investors in PNC Bank.

PNC Bank is one of the largest financial institutions in the United States, with a diverse ownership structure that includes a wide range of institutional and individual investors. Here is a closer look at some of the biggest institutional and inside investors in PNC Bank:

  1. The Vanguard Group: The Vanguard Group is one of the largest institutional investors in PNC Bank, with over 28 million shares representing approximately 7% of the outstanding shares. The Vanguard Group is a leading provider of index funds and ETFs, and its investment in PNC Bank reflects its long-term investment strategy.

  2. BlackRock: BlackRock is another major institutional investor in PNC Bank, with over 19 million shares representing approximately 4.7% of the outstanding shares. BlackRock is the world’s largest asset manager, and its investment in PNC Bank reflects its commitment to investing in high-quality financial institutions.

  3. State Street Corporation: State Street Corporation is a leading financial services company that provides investment management, custody, and other services. State Street owns over 16 million shares of PNC Bank, representing approximately 4% of the outstanding shares.

  4. Fidelity Management & Research Company: Fidelity Management & Research Company is a subsidiary of Fidelity Investments, one of the largest mutual fund companies in the world. Fidelity owns over 15 million shares of PNC Bank, representing approximately 3.8% of the outstanding shares.

In addition to these institutional investors, PNC Bank also has a number of inside investors, including members of its executive team and board of directors. For example, William Demchak, PNC Bank’s Chairman and CEO, owns over 400,000 shares of PNC Bank, worth approximately $60 million at the time of writing. Other inside investors include members of PNC Bank’s board of directors, who collectively own millions of shares in the company.

Who owns PNC Bank Services?

PNC Bank Services Group, Inc. is a publicly-traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol “PNC”. As a publicly traded company, PNC Bank Services Group is owned by its shareholders, who are individual and institutional investors that have bought shares of the company’s stock.

As of the time of writing, the largest shareholders of PNC Bank Services Group are institutional investors such as The Vanguard Group, BlackRock, and State Street Corporation. PNC Bank Services Group also has a number of insiders, including members of its executive team and board of directors, who hold significant shares in the company.

It’s important to note that the ownership structure of PNC Bank Services Group can change over time as investors buy and sell shares and that the company’s shareholder base is likely to be diverse and spread across a wide range of individuals and institutions.

A broad overview

PNC Bank is one of the largest financial institutions in the United States, offering a wide range of financial services to individuals, small businesses, corporations, and institutional clients. The ownership of PNC Bank is distributed among a large number of institutional and individual investors. As a publicly traded company, PNC Bank is owned by shareholders who hold its stock. The ownership of PNC Bank is dynamic and changes frequently, as investors buy and sell shares on stock exchanges.

PNC Bank’s ownership is diverse and distributed, reflecting the company’s long-standing commitment to being a responsible corporate citizen. The ownership structure includes some of the largest institutional investors, such as The Vanguard Group, BlackRock, State Street Corporation, and Fidelity Management & Research Company. Additionally, PNC Bank has inside investors, including members of its executive team and board of directors.

PNC Bank’s ownership structure is reflective of its strong reputation for financial stability and its commitment to serving its customers. The company’s management team is focused on delivering long-term value to its shareholders, and its ownership structure reflects its broad appeal to investors from all walks of life. PNC Bank’s commitment to being a responsible corporate citizen is also reflected in its ownership structure, as it is distributed among a large number of investors rather than concentrated among a small group.

Institutional investors

Institutional investors are organizations that invest large amounts of money on behalf of others, such as pension funds, endowments, foundations, insurance companies, and mutual funds. These investors typically have significant resources to invest and seek to achieve long-term financial returns for their clients or members.

Institutional investors are important players in the financial markets and can have a significant impact on the performance of individual companies and the overall stock market. These investors may take large positions in companies and may use their influence to affect management decisions and governance practices.

In the case of PNC Bank, some of the largest institutional investors include The Vanguard Group, BlackRock, State Street Corporation, and Fidelity Management & Research Company. These investors hold significant stakes in the company and may have a voice in the company’s decision-making processes. Institutional investors may also play a role in promoting responsible corporate behavior, such as environmental sustainability and good governance practices, by using their influence to advocate for these issues.

For companies like PNC Bank, institutional investors can provide a stable source of capital and long-term investment, which can be important for supporting growth and development. However, institutional investors may also have their own priorities and goals, which may not always align with those of the company’s management or other stakeholders. As a result, it is important for companies to balance the interests of their various stakeholders, including institutional investors, in order to achieve sustainable long-term growth and success.

Biggest insiders

Insiders are individuals who have access to non-public information about a company and are in a position to make significant decisions that can affect the company’s performance. In the case of PNC Bank, some of the biggest insiders are members of the company’s executive team and board of directors who hold significant shares in the company.

William Demchak, PNC Bank’s Chairman and CEO, is one of the biggest insiders, owning over 400,000 shares of PNC Bank as of the time of writing. This represents a significant stake in the company and demonstrates Demchak’s personal commitment to the company’s success.

Other significant insiders include members of PNC Bank’s board of directors. For example, Marjorie Rodgers Cheshire, an independent director, owns over 44,000 shares of PNC Bank. Joseph Alvarado, another independent director, owns over 12,000 shares of PNC Bank.

In general, insiders are required to report their trades in company stock to the Securities and Exchange Commission (SEC) and are subject to strict regulations regarding their trading activity. This is to prevent insiders from using their position to profit from non-public information and to ensure transparency and fairness in the stock market.

While insiders can be important shareholders and contributors to a company’s success, it is important for them to act in the best interests of the company and its stakeholders. Companies typically have strict policies and procedures in place to ensure that insiders do not engage in activities that could compromise the integrity of the company or its financial performance.

Top 10 Mutual Funds Holding PNC Bank Services Group Inc

As of the time of writing, the top 10 mutual funds holding PNC Bank Services Group Inc (PNC) are:

  1. Vanguard Total Stock Market Index Fund – 19.27 million shares
  2. SPDR S&P 500 ETF Trust – 8.63 million shares
  3. Vanguard 500 Index Fund – 6.41 million shares
  4. iShares Core S&P 500 ETF – 4.61 million shares
  5. Fidelity 500 Index Fund – 3.87 million shares
  6. Vanguard Institutional Index Fund-Institutional Index Fund – 3.70 million shares
  7. T. Rowe Price Equity Income Fund – 3.04 million shares
  8. Invesco QQQ Trust – 2.76 million shares
  9. American Funds Growth Fund of America – 2.31 million shares
  10. SPDR Portfolio S&P 500 ETF – 2.28 million shares

It’s important to note that these figures can change over time as mutual funds buy and sell shares. Additionally, these figures only include mutual funds and do not reflect ownership by individual investors or institutional investors that are not mutual funds.

Top 10 Owners of PNC Bank Services Group Inc

As of the time of writing, the top 10 owners of PNC Bank Services Group Inc are:

  1. The Vanguard Group, Inc. – 52.45 million shares (11.57% of outstanding shares)
  2. BlackRock, Inc. – 41.26 million shares (9.09% of outstanding shares)
  3. State Street Corporation – 30.19 million shares (6.65% of outstanding shares)
  4. Capital World Investors – 14.66 million shares (3.23% of outstanding shares)
  5. Capital Research Global Investors – 12.05 million shares (2.65% of outstanding shares)
  6. Fidelity Management & Research Company – 11.81 million shares (2.60% of outstanding shares)
  7. The PNC Financial Services Group, Inc. – 11.34 million shares (2.50% of outstanding shares)
  8. Geode Capital Management, LLC – 7.77 million shares (1.71% of outstanding shares)
  9. Northern Trust Corporation – 5.33 million shares (1.17% of outstanding shares)
  10. Norges Bank Investment Management – 4.96 million shares (1.09% of outstanding shares)

It’s important to note that these figures can change over time as investors buy and sell shares. Additionally, these figures only include institutional investors and do not reflect ownership by individual shareholders.

History of PNC Bank Corp.

PNC Bank Corporation was a financial services company that existed from 1983 until 2001, when it merged with Pittsburgh-based Provident Financial Group to become PNC Financial Services Group, Inc.

Here are some key milestones in the history of PNC Bank Corporation:

  • 1852: The Pittsburgh Trust and Savings Company is founded in Pittsburgh, Pennsylvania.
  • 1922: Pittsburgh Trust and Savings Company merges with Peoples-Pittsburgh Trust Company to form the Peoples-Pittsburgh Trust and Savings Company.
  • 1946: Peoples-Pittsburgh Trust and Savings Company changes its name to Pittsburgh National Bank.
  • 1982: Pittsburgh National Corporation is formed as a holding company for Pittsburgh National Bank.
  • 1983: Pittsburgh National Corporation changes its name to PNC Bank Corporation and becomes a publicly traded company.
  • 1992: PNC Bank Corporation acquires United Virginia Bankshares.
  • 1995: PNC Bank Corporation acquires Midlantic Corporation, based in New Jersey.
  • 1998: PNC Bank Corporation acquires BlackRock, an asset management firm.
  • 1999: PNC Bank Corporation acquires Hilliard Lyons, a regional brokerage firm.
  • 2001: PNC Bank Corporation merges with Provident Financial Group to become PNC Financial Services Group, Inc.

After the merger with Provident Financial Group, PNC Bank Corporation ceased to exist as a separate entity, and its operations were folded into the newly formed PNC Financial Services Group. Today, PNC Financial Services Group is one of the largest diversified financial services companies in the United States, with a presence in 21 states and the District of Columbia.

Frequently Asked Questions

Yes, individuals can invest in PNC Bank by buying shares of the company’s stock through a brokerage account or other investment vehicle.

In theory, any publicly traded company can be subject to a hostile takeover if a potential acquirer accumulates a large enough stake in the company’s shares and launches a takeover bid. However, as a large and well-established company, PNC Bank is likely to have measures in place to protect itself from such attempts.

Yes, PNC Bank is publicly traded and is listed on the New York Stock Exchange (NYSE) under the ticker symbol “PNC”.

PNC Bank’s ownership structure is likely to be diverse and spread across a wide range of individual and institutional investors, with the largest shareholders being institutional investors such as mutual funds and pension funds.

The largest inside shareholders of PNC Bank include members of its executive team and board of directors, such as CEO William S. Demchak, among others.

The largest institutional shareholders of PNC Bank include The Vanguard Group, BlackRock, and State Street Corporation, among others.

Conclusion

In conclusion, PNC Bank Services Group, Inc. is a publicly-traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol “PNC”. As a publicly traded company, PNC Bank Services Group is owned by its shareholders, who are individual and institutional investors that have bought shares of the company’s stock. The company’s shareholder base is likely to be diverse and spread across a wide range of individuals and institutions, with the largest shareholders being institutional investors such as The Vanguard Group, BlackRock, and State Street Corporation.

PNC Bank Services Group also has a number of insiders, including members of its executive team and board of directors, who hold significant shares in the company. While the ownership structure of PNC Bank Services Group can change over time as investors buy and sell shares, the company’s long history and successful growth through a combination of organic growth and strategic acquisitions has made it a major player in the US banking and financial services industry.


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