American Century Companies Inc. Boosts Holdings in UBS Group AG $UBS

Key Points

• American Century Companies Inc. increased its stake in UBS Group AG by 7.3% during the first quarter, owning over 1.2 million shares valued at approximately $37.8 million.
• UBS Group reported a quarterly EPS of $0.72, surpassing analysts' expectations of $0.70, and achieved revenue of $11.55 billion, exceeding forecasts by a significant margin.
• Analysts have varying ratings on UBS Group, with recent revisions including "strong-buy" ratings from Zacks Research and DZ Bank, reflecting a generally positive outlook.

American Century Companies Inc. raised its holdings in UBS Group AG (NYSE:UBS - Free Report) by 7.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,235,015 shares of the bank's stock after buying an additional 83,794 shares during the quarter. American Century Companies Inc.'s holdings in UBS Group were worth $37,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its holdings in UBS Group by 0.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after buying an additional 320 shares during the period. First National Bank of Hutchinson lifted its stake in shares of UBS Group by 3.1% in the 1st quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock valued at $379,000 after purchasing an additional 367 shares in the last quarter. Allianz SE lifted its stake in shares of UBS Group by 3.2% in the 1st quarter. Allianz SE now owns 12,312 shares of the bank's stock valued at $374,000 after purchasing an additional 380 shares in the last quarter. Keel Point LLC lifted its stake in shares of UBS Group by 4.4% in the 4th quarter. Keel Point LLC now owns 9,227 shares of the bank's stock valued at $280,000 after purchasing an additional 389 shares in the last quarter. Finally, Berbice Capital Management LLC lifted its stake in shares of UBS Group by 44.4% in the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after purchasing an additional 400 shares in the last quarter.

UBS Group Stock Performance

Shares of UBS opened at $39.7250 on Thursday. The business's 50 day moving average is $35.88 and its two-hundred day moving average is $33.12. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $40.21. The firm has a market cap of $127.38 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.70 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.

UBS Group (NYSE:UBS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the company posted $0.34 EPS. Analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

UBS has been the topic of several research analyst reports. Zacks Research raised UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Wall Street Zen lowered UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus 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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