Flinton Capital Management LLC grew its stake in shares of UBS Group AG (NYSE:UBS) by 18.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,728 shares of the bank’s stock after purchasing an additional 4,384 shares during the period. Flinton Capital Management LLC’s holdings in UBS Group were worth $324,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the stock. Lancaster Investment Management LLP raised its position in UBS Group by 9.9% during the 1st quarter. Lancaster Investment Management LLP now owns 5,140,033 shares of the bank’s stock worth $62,246,000 after buying an additional 463,084 shares during the last quarter. Bank of Montreal Can increased its holdings in UBS Group by 2.3% during the 2nd quarter. Bank of Montreal Can now owns 8,505,538 shares of the bank’s stock worth $100,790,000 after purchasing an additional 194,105 shares during the last quarter. CIBC World Markets Inc. increased its holdings in UBS Group by 29.8% during the 1st quarter. CIBC World Markets Inc. now owns 736,368 shares of the bank’s stock worth $8,917,000 after purchasing an additional 168,921 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in UBS Group by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 9,664,165 shares of the bank’s stock worth $114,979,000 after purchasing an additional 252,471 shares during the last quarter. Finally, Fosun International Ltd purchased a new stake in UBS Group during the 1st quarter worth approximately $2,023,000. 34.28% of the stock is currently owned by institutional investors and hedge funds.
UBS has been the topic of several analyst reports. Deutsche Bank restated a “neutral” rating on shares of UBS Group in a report on Friday, August 30th. Exane BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research report on Friday, August 30th. Berenberg Bank restated a “buy” rating and set a $15.00 price objective on shares of UBS Group in a research report on Friday, August 2nd. BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research report on Friday, August 30th. Finally, Societe Generale lowered UBS Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $12.50.
Shares of UBS stock opened at $11.32 on Friday. UBS Group AG has a 1 year low of $10.12 and a 1 year high of $15.93. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average of $10.90 and a two-hundred day moving average of $11.80. The firm has a market capitalization of $41.43 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21.
UBS Group (NYSE:UBS) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $5.61 billion for the quarter. UBS Group had a return on equity of 8.07% and a net margin of 14.20%. Equities research analysts predict that UBS Group AG will post 1.23 earnings per share for the current fiscal year.
UBS Group Profile
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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