Earnings
The Manufacturers Life Insurance Company Sells 15,054 Shares of The PNC Financial Services Group, Inc $PNC
The Manufacturers Life Insurance Company recently reduced its stake in The PNC Financial Services Group, Inc. by selling 15,054 shares, though it still retains a significant holding valued at approximately $69.1 million. This sale comes as institutional investors collectively own a substantial 83.53% of PNC, and analysts maintain a "Moderate Buy" rating with an average price target of $265.73. PNC has also reported strong quarterly results, surpassing EPS and revenue expectations, and increased