PNC Financial Services Group showed strong performance in first quarter, deemed a good investment.
From Yahoo Finance: 2025-07-02 10:03:00
Cullen Capital Management, LLC, and Schafer Cullen Capital Management, Inc. (SCCM) released their first-quarter investor letter. The SCCM Enhanced Equity Income Fund returned 5.8% (net), outperforming the S&P 500 and Russell 1000 Value. Top sectors were Information Technology, Consumer Discretionary, and Communication Services, with strong gains driving performance.
The PNC Financial Services Group, Inc. (NYSE:PNC) was highlighted in SCCM’s Q1 2025 investor letter. PNC, a diversified financial services company, saw a 9.19% one-month return and gained 21.20% in the last 52 weeks. On July 1, 2025, PNC stock closed at $192.52 per share, with a market cap of $76.155 billion.
SCCM Enhanced Equity Income Fund established a position in The PNC Financial Services Group, Inc. (NYSE:PNC) during the quarter. PNC, a regional bank with $560 billion in assets and 2,200 branches, has shown solid growth in loan, deposit, and fee income. Shares were purchased at 13.1x earnings with a 3.4% dividend yield.
The PNC Financial Services Group, Inc. (NYSE:PNC) is not among the 30 Most Popular Stocks Among Hedge Funds. 69 hedge fund portfolios held PNC at the end of Q1, down from 67 in the previous quarter. PNC reported total revenue of $5.5 billion in Q1 2025, down 2% from Q4 2024, mainly due to seasonal factors. Hedge funds see potential in PNC but believe AI stocks offer higher returns in a shorter timeframe.
Read more at Yahoo Finance: What Makes PNC Financial (PNC) an Investment Bet?