Billionaire Stanley Druckenmiller’s 2022 Portfolio: 5 Value Stock Picks

1. The PNC Financial Services Group, Inc. (NYSE:PNC)

Number of Hedge Fund Holders: 40

P/E Ratio as of May 18: 13.23

The PNC Financial Services Group, Inc. (NYSE:PNC) was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania. It operates as a diversified financial services company, offering brokerage, insurance, investment advisory, and cash management services. Stanley Druckenmiller added The PNC Financial Services Group, Inc. (NYSE:PNC) to his Q1 portfolio by acquiring 168,726 shares worth $31.1 million. 

The PNC Financial Services Group, Inc. (NYSE:PNC) posted its Q1 2022 results on April 14, announcing an EPS of $3.29, surpassing market estimates by $0.51. The revenue of $4.69 billion was below consensus estimates by $30.49 million. 

On April 18, Argus analyst Stephen Biggar lowered the price target on The PNC Financial Services Group, Inc. (NYSE:PNC) to $220 from $245 but maintained a Buy rating on the shares. The company’s Q1 results show improvement in loan growth and the net interest margin, as well as additional credit cost recapture, the analyst told investors in a research note, noting that the stock is well positioned in the current environment. 

Among the hedge funds tracked by Insider Monkey, billionaire Ken Griffin’s Citadel Investment Group reported a significant stake in The PNC Financial Services Group, Inc. (NYSE:PNC) at the conclusion of Q1 2022, with 2.5 million shares worth $473.3 million. In the last quarter of 2021, 40 hedge funds were bullish on The PNC Financial Services Group, Inc. (NYSE:PNC), with collective stakes valued at $663 million. 

You can also take a look at 10 Best Stocks to Buy Now According to Billionaire David Harding and Top 10 Small-Cap Stocks Added to Billionaire Mario Gabelli’s Portfolio. 

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