VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $52.89 Million Investment in The PNC Financial Services Group, Inc $PNC

Virginia Retirement Systems Et Al has invested $52.89 million in The PNC Financial Services Group, acquiring 214,800 shares during the second quarter. This move comes as PNC reported strong quarterly earnings, surpassing analyst estimates with $4.85 EPS and a 21.4% revenue increase. The company also raised its quarterly dividend to $2.00 per share, reflecting a 3.3% yield, while analysts maintain a "Moderate Buy" rating with a target price of $265.73.