Truist Financial Corp Sells 9,622 Shares of UBS Group AG $UBS

Key Points

• Truist Financial Corp reduced its stake in UBS Group AG by 18.7%, selling 9,622 shares during the second quarter, bringing its total holdings to 41,782 shares valued at approximately $1.41 million.
• Goldman Sachs increased its holdings in UBS Group by 88.5% in Q1, now owning around 37.65 million shares valued at about $1.15 billion.
• UBS Group has a consensus rating of "Moderate Buy" among analysts, with various ratings including two Strong Buy, six Buy, four Hold, and one Sell.

Truist Financial Corp lessened its holdings in UBS Group AG (NYSE:UBS - Free Report) by 18.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,782 shares of the bank's stock after selling 9,622 shares during the period. Truist Financial Corp's holdings in UBS Group were worth $1,413,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in shares of UBS Group by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock worth $1,153,354,000 after buying an additional 17,676,829 shares in the last quarter. Nuveen LLC acquired a new stake in UBS Group during the 1st quarter worth $348,161,000. Banque Cantonale Vaudoise bought a new position in UBS Group during the 1st quarter worth approximately $206,885,000. Deutsche Bank AG boosted its position in shares of UBS Group by 16.1% during the first quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank's stock worth $960,278,000 after purchasing an additional 4,337,005 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UBS Group by 8.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock worth $1,688,163,000 after purchasing an additional 4,207,140 shares in the last quarter.

Analyst Upgrades and Downgrades

UBS has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, September 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of UBS Group in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

UBS Group Price Performance

Shares of NYSE:UBS opened at $39.72 on Friday. The company has a market cap of $127.37 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.64 and a beta of 1.18. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $40.30 and a 200 day simple moving average of $35.02. UBS Group AG has a one year low of $25.75 and a one year high of $42.56.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter in the prior year, the firm earned $0.34 EPS. Research analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group 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.

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