UBS Group AG $UBS Shares Sold by DJE Kapital AG

DJE Kapital AG cut its position in shares of UBS Group AG (NYSE:UBS) by 64.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,371 shares of the bank’s stock after selling 290,646 shares during the quarter. DJE Kapital AG’s holdings in UBS Group were worth $5,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UBS. Crocodile Capital Partners GmbH grew its holdings in UBS Group by 74.6% in the second quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank’s stock valued at $33,651,000 after purchasing an additional 425,000 shares during the period. TrueMark Investments LLC boosted its holdings in shares of UBS Group by 18.3% in the 2nd quarter. TrueMark Investments LLC now owns 75,686 shares of the bank’s stock valued at $2,560,000 after purchasing an additional 11,730 shares during the last quarter. Helios Capital Management PTE. Ltd. grew its stake in shares of UBS Group by 21.4% during the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 136,000 shares of the bank’s stock valued at $4,604,000 after buying an additional 24,000 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of UBS Group during the 1st quarter valued at $639,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of UBS Group by 7.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 217,715 shares of the bank’s stock worth $7,344,000 after buying an additional 15,042 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on UBS shares. Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Zacks Research raised shares of UBS Group to a “strong-buy” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Finally, Keefe, Bruyette & Woods downgraded shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

UBS stock opened at $38.27 on Friday. The firm has a market cap of $122.72 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56. The stock has a 50-day simple moving average of $39.90 and a 200-day simple moving average of $36.46.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The firm had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the prior year, the business earned $0.43 EPS. UBS Group’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

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.