9,122 Shares in UBS Group AG (NYSE:UBS) Purchased by Journey Strategic Wealth LLC

Key Points

• Journey Strategic Wealth LLC has acquired 9,122 shares of UBS Group AG, valued at approximately $279,000, marking a significant institutional investment in the bank.
• UBS Group recently announced a quarterly EPS of $0.51, surpassing analysts' expectations of $0.42, with revenue reaching $11.90 billion compared to the $10.19 billion forecast.
• Research firms have upgraded their ratings on UBS Group, with Bank of America boosting it from "underperform" to "neutral," indicating a general positive sentiment among analysts.

Journey Strategic Wealth LLC acquired a new stake in shares of UBS Group AG (NYSE:UBS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,122 shares of the bank's stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also modified their holdings of UBS. FMR LLC grew its holdings in UBS Group by 29.4% in the fourth quarter. FMR LLC now owns 55,533,620 shares of the bank's stock valued at $1,695,087,000 after purchasing an additional 12,609,616 shares during the period. Pictet Asset Management Holding SA grew its stake in UBS Group by 1.3% during the first quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank's stock worth $1,075,976,000 after buying an additional 449,013 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of UBS Group by 162.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank's stock worth $858,359,000 after acquiring an additional 17,525,749 shares in the last quarter. Deutsche Bank AG increased its position in shares of UBS Group by 15.8% in the fourth quarter. Deutsche Bank AG now owns 27,013,906 shares of the bank's stock worth $819,062,000 after acquiring an additional 3,684,437 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of UBS Group by 4.3% in the first quarter. Vontobel Holding Ltd. now owns 17,146,184 shares of the bank's stock worth $521,098,000 after acquiring an additional 701,116 shares in the last quarter.

UBS Group Stock Up 0.6%

NYSE UBS traded up $0.22 during trading hours on Tuesday, reaching $38.00. 928,108 shares of the company traded hands, compared to its average volume of 3,219,287. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $38.42. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.72. The stock has a market capitalization of $121.83 billion, a PE ratio of 25.16, a PEG ratio of 0.69 and a beta of 1.15. The company has a 50 day moving average of $33.71 and a two-hundred day moving average of $32.60.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $10.19 billion. As a group, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

UBS has been the subject of several recent research reports. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Wall Street Zen upgraded shares of UBS Group from a "sell" rating to a "hold" rating in a research note on Saturday. Jefferies Financial Group upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Citigroup restated a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Finally, Wedbush restated a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, UBS Group presently has a consensus rating of "Moderate Buy".

UBS Group Company 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.