Truist Financial Corp Has $3.05 Million Stock Holdings in UBS Group AG (NYSE:UBS)

Truist Financial Corp increased its holdings in shares of UBS Group AG (NYSE:UBS) by 114.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 98,830 shares of the bank’s stock after purchasing an additional 52,668 shares during the period. Truist Financial Corp’s holdings in UBS Group were worth $3,054,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UBS. Syon Capital LLC boosted its position in shares of UBS Group by 7.7% during the 4th quarter. Syon Capital LLC now owns 49,175 shares of the bank’s stock worth $1,520,000 after purchasing an additional 3,500 shares in the last quarter. Channing Global Advisors LLC raised its position in shares of UBS Group by 3.8% during the fourth quarter. Channing Global Advisors LLC now owns 555,432 shares of the bank’s stock worth $17,221,000 after purchasing an additional 20,098 shares during the period. Harvest Fund Management Co. Ltd grew its position in UBS Group by 50.9% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,819 shares of the bank’s stock valued at $87,000 after purchasing an additional 951 shares during the period. Yousif Capital Management LLC increased its stake in UBS Group by 6.9% during the 4th quarter. Yousif Capital Management LLC now owns 61,353 shares of the bank’s stock valued at $1,896,000 after purchasing an additional 3,950 shares in the last quarter. Finally, 1900 Wealth Management LLC acquired a new position in UBS Group during the fourth quarter worth $225,000.

UBS Group Stock Performance

NYSE:UBS opened at $29.54 on Wednesday. UBS Group AG has a 52 week low of $18.76 and a 52 week high of $32.13. The firm has a 50-day moving average price of $29.55 and a two-hundred day moving average price of $28.47. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 4.23.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, February 6th. The bank reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. Analysts forecast that UBS Group AG will post 0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Finally, Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.