111 Capital Increases Holdings in UBS Group AG $UBS

Key Points

• 111 Capital significantly increased its stake in UBS Group AG by 272.3% during the 2nd quarter, owning a total of 160,693 shares worth approximately $5.44 million.
• UBS reported an EPS of $0.72 for the last quarter, exceeding analyst expectations of $0.70, with revenues reaching $11.55 billion against a consensus estimate of $9.77 billion.
• Ratings from analysts on UBS stock are mixed, with two upgrading it to a Strong Buy rating while others have assigned ratings ranging from Hold to Sell.

111 Capital lifted its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 272.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,693 shares of the bank's stock after acquiring an additional 117,534 shares during the quarter. UBS Group accounts for about 0.9% of 111 Capital's holdings, making the stock its 15th biggest position. 111 Capital's holdings in UBS Group were worth $5,440,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UBS. City Holding Co. purchased a new stake in shares of UBS Group during the 1st quarter worth approximately $25,000. Grove Bank & Trust purchased a new stake in shares of UBS Group during the 1st quarter worth approximately $28,000. Maseco LLP purchased a new stake in shares of UBS Group during the 2nd quarter worth approximately $28,000. Quarry LP purchased a new stake in shares of UBS Group during the 1st quarter worth approximately $37,000. Finally, Berbice Capital Management LLC boosted its stake in shares of UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after acquiring an additional 400 shares in the last quarter.

UBS Group Trading Up 2.0%

UBS stock opened at $41.14 on Friday. The company has a market cap of $131.91 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 0.66 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The business has a fifty day simple moving average of $40.01 and a 200-day simple moving average of $34.75. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.The business had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Wall Street Analysts Forecast Growth

UBS has been the subject of several research reports. Weiss Ratings restated a "buy (b)" rating on shares of UBS Group in a research report on Saturday, September 27th. Citigroup restated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Wall Street Zen downgraded UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, September 28th. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Finally, Zacks Research upgraded UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.