AMF Tjanstepension AB Increases Stock Holdings in UBS Group AG $UBS

Key Points

• AMF Tjanstepension AB increased its stake in UBS Group AG by 12.6% during the 2nd quarter, holding 708,033 shares worth approximately $23.95 million.
• UBS Group reported earnings of $0.72 per share for the last quarter, exceeding analysts' expectations of $0.70, and showed revenue of $11.55 billion against a consensus estimate of $9.77 billion.
• Several institutional investors, including GAMMA Investing LLC, have significantly increased their holdings in UBS, with GAMMA raising its stake by 2,963.0% in Q1.

AMF Tjanstepension AB boosted its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 12.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 708,033 shares of the bank's stock after buying an additional 79,163 shares during the period. AMF Tjanstepension AB's holdings in UBS Group were worth $23,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in UBS Group by 18.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,395 shares of the bank's stock valued at $3,810,000 after acquiring an additional 19,229 shares during the last quarter. GAMMA Investing LLC grew its holdings in UBS Group by 2,963.0% during the 1st quarter. GAMMA Investing LLC now owns 25,607 shares of the bank's stock valued at $836,000 after purchasing an additional 24,771 shares during the last quarter. Bessemer Group Inc. raised its position in UBS Group by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 63,761 shares of the bank's stock worth $1,954,000 after purchasing an additional 4,984 shares during the period. Crocodile Capital Partners GmbH lifted its stake in UBS Group by 74.6% in the second quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank's stock worth $33,651,000 after purchasing an additional 425,000 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in UBS Group by 19.0% in the first quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank's stock worth $81,000 after purchasing an additional 423 shares during the last quarter.

UBS Group Stock Performance

UBS stock opened at $41.14 on Friday. UBS Group AG has a one year low of $25.75 and a one year high of $42.56. The firm 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 debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a 50-day simple moving average of $40.01 and a two-hundred day simple moving average of $34.75.

UBS Group (NYSE:UBS - Get Free Report) last issued 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. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The firm had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, equities analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UBS shares. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen lowered UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, September 28th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of UBS Group in a research report on Saturday, September 27th. Finally, Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently 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.

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