11,901 Shares in UBS Group AG $UBS Bought by Summit Securities Group LLC

Key Points

• Summit Securities Group LLC purchased 11,901 shares of UBS Group AG, valued at approximately $365,000, marking a new position in the bank's stock.
• UBS Group has seen positive ratings from analysts, with DZ Bank upgrading it to a "strong-buy" and Jefferies Financial Group raising it to a "buy", while Morgan Stanley downgraded it to "underweight".
• The bank reported earnings of $0.72 EPS, surpassing estimates and resulting in a revenue of $11.55 billion for the last quarter, indicating strong performance in comparison to previous periods.

Summit Securities Group LLC purchased a new position in shares of UBS Group AG (NYSE:UBS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,901 shares of the bank's stock, valued at approximately $365,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in UBS Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank's stock worth $4,037,467,000 after buying an additional 3,562,475 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of UBS Group by 8.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock valued at $1,688,163,000 after purchasing an additional 4,207,140 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of UBS Group by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock valued at $1,153,354,000 after purchasing an additional 17,676,829 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of UBS Group by 1.3% in the first quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank's stock valued at $1,075,976,000 after purchasing an additional 449,013 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of UBS Group by 16.1% in the first quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank's stock valued at $960,278,000 after purchasing an additional 4,337,005 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the topic of several research reports. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Finally, Wall Street Zen downgraded UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

UBS Group Price Performance

Shares of UBS traded down $0.1450 during midday trading on Tuesday, hitting $39.5450. The company's stock had a trading volume of 1,698,999 shares, compared to its average volume of 2,114,496. UBS Group AG has a one year low of $25.75 and a one year high of $40.21. The company's fifty day simple moving average is $35.74 and its two-hundred day simple moving average is $33.08. 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 stock has a market capitalization of $126.80 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.The company had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the company posted $0.34 EPS. As a group, equities analysts expect 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.