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

Truist Financial Corp raised its position in UBS Group AG (NYSE:UBS) by 114.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,830 shares of the bank’s stock after acquiring an additional 52,668 shares during the period. Truist Financial Corp’s holdings in UBS Group were worth $3,054,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Syon Capital LLC increased its holdings in UBS Group by 7.7% in the 4th quarter. Syon Capital LLC now owns 49,175 shares of the bank’s stock valued at $1,520,000 after buying an additional 3,500 shares during the period. Channing Global Advisors LLC lifted its stake in 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 boosted its holdings in UBS Group by 50.9% during the fourth 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 in the last quarter. Yousif Capital Management LLC grew its stake in shares of UBS Group by 6.9% in 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 during the period. Finally, 1900 Wealth Management LLC acquired a new position in shares of UBS Group in the 4th quarter worth approximately $225,000.

UBS Group Trading Up 7.0 %

UBS stock opened at $29.54 on Wednesday. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.09 and a current ratio of 1.10. The company has a 50 day moving average price of $29.55 and a 200 day moving average price of $28.47. UBS Group AG has a fifty-two week low of $18.76 and a fifty-two week high of $32.13.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UBS. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. Finally, Societe Generale raised UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

About UBS Group

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.