12,373 Shares in UBS Group AG $UBS Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC acquired a new position in shares of UBS Group AG (NYSE:UBS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,373 shares of the bank’s stock, valued at approximately $596,000.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in UBS Group by 5.7% during the 3rd quarter. Brighton Jones LLC now owns 8,044 shares of the bank’s stock worth $387,000 after buying an additional 437 shares during the period. Ethic Inc. increased its holdings in shares of UBS Group by 73.5% in the third quarter. Ethic Inc. now owns 261,240 shares of the bank’s stock worth $12,573,000 after acquiring an additional 110,694 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of UBS Group in the third quarter worth about $262,000. CenterBook Partners LP raised its position in shares of UBS Group by 70.8% during the third quarter. CenterBook Partners LP now owns 132,936 shares of the bank’s stock worth $6,398,000 after purchasing an additional 55,087 shares during the period. Finally, Calamos Wealth Management LLC bought a new position in shares of UBS Group during the 3rd quarter valued at about $4,691,000.

UBS Group News Roundup

Here are the key news stories impacting UBS Group this week:

• Neutral Sentiment: Ermotti said the recent correction in AI stocks reflected investors having priced in overly high expectations. His remarks signal caution about valuations, rather than a change to UBS’s own financial outlook. Reuters article
• Neutral Sentiment: UBS identified AI, the energy transition, and longevity as areas with investment opportunities. This may support client-advisory demand, but the report did not quantify potential business or revenue effects. Professional Planner article
• Negative Sentiment: Ermotti also pointed to uncertainty around U.S. midterm elections as a factor clouding the outlook for AI investment. That could contribute to continued volatility in a sector relevant to investor sentiment and UBS’s wealth-management clients. The Edge Singapore article

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UBS shares. DZ Bank reiterated a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. JPMorgan Chase & Co. restated a “buy” rating on shares of UBS Group in a report on Wednesday, September 23rd. Wall Street Zen lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 2nd. Finally, Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.30.

UBS Group Stock Performance

NYSE:UBS opened at $48.97 on Tuesday. The stock has a 50-day simple moving average of $49.58 and a 200 day simple moving average of $47.16. UBS Group AG has a 52-week low of $36.29 and a 52-week high of $55.99. The company has a market cap of $152.97 billion, a PE ratio of 16.72, a PEG ratio of 0.75 and a beta of 1.19.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, October 28th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.06). The firm had revenue of $13.39 billion during the quarter, compared to the consensus estimate of $13.07 billion. UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, research analysts predict that UBS Group AG will post 3.65 earnings per share for the current fiscal year.

UBS Group Company Profile

UBS Group AG is a Swiss financial services company providing wealth management, banking, asset management and investment banking services to individuals, businesses, institutions and governments. It has a strong presence in Switzerland and serves clients in markets around the world.

The company’s businesses include Global Wealth Management, Swiss Personal & Corporate Banking, Asset Management and the Investment Bank. Its services include financial planning and investment advice, lending and deposit products, portfolio and fund management, and capital markets and advisory services.

UBS traces its roots to Swiss banking institutions established in the 19th century and took its current form through the 1998 merger of Union Bank of Switzerland and Swiss Bank Corporation.