Acadian Asset Management LLC Lowers Stake in UBS Group AG $UBS

Key Points

• Acadian Asset Management LLC significantly reduced its stake in UBS Group AG by 92.2%, now holding 527,669 shares worth approximately $16 million.
• UBS reported $0.72 earnings per share for the last quarter, exceeding analysts' expectations of $0.70, and achieved revenue of $11.55 billion against an estimate of $9.77 billion.
• The stock has received multiple upgrades from analysts, with Zacks Research rating it as a "strong-buy" due to promising growth forecasts.

Acadian Asset Management LLC reduced its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 92.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527,669 shares of the bank's stock after selling 6,277,156 shares during the period. Acadian Asset Management LLC's holdings in UBS Group were worth $16,018,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position in UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank's stock valued at $46,000 after acquiring an additional 573 shares during the period. Belpointe Asset Management LLC purchased a new position in UBS Group during the 1st quarter valued at about $639,000. Fortis Capital Advisors LLC purchased a new position in UBS Group during the 1st quarter valued at about $639,000. Focus Partners Wealth lifted its position in UBS Group by 11.6% during the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank's stock valued at $432,000 after acquiring an additional 1,469 shares during the period. Finally, Alaethes Wealth LLC increased its stake in UBS Group by 1.5% during the 1st quarter. Alaethes Wealth LLC now owns 72,821 shares of the bank's stock valued at $2,231,000 after purchasing an additional 1,078 shares in the last quarter.

UBS Group Stock Performance

UBS opened at $40.92 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The company has a market cap of $131.21 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.71 and a beta of 1.21. The company's 50 day moving average is $38.38 and its 200 day moving average is $33.87. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $40.93.

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

Wall Street Analysts Forecast Growth

UBS has been the subject of a number of analyst reports. Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

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.

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