Amundi Grows Stock Holdings in UBS Group AG $UBS

Key Points

• Amundi increased its stake in UBS Group AG by 2.8% during the first quarter, acquiring an additional 468,814 shares, bringing its total holdings to 17,220,775 shares valued at approximately $485.97 million.
• Analysts have had a favorable outlook on UBS Group, with Zacks Research upgrading the stock to a strong-buy rating, and the consensus rating currently categorized as "Moderate Buy" with various ratings across the analyst spectrum.
• UBS Group reported a quarterly earnings per share of $0.72, exceeding earnings estimates, along with a revenue of $11.55 billion, significantly higher than the expected $9.77 billion.

Amundi lifted its position in UBS Group AG (NYSE:UBS - Free Report) by 2.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,220,775 shares of the bank's stock after purchasing an additional 468,814 shares during the quarter. Amundi owned 0.54% of UBS Group worth $485,970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBS. Goldman Sachs Group Inc. boosted its holdings in shares of UBS Group by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock worth $1,153,354,000 after purchasing an additional 17,676,829 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of UBS Group by 162.6% in the 4th 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 purchasing an additional 17,525,749 shares in the last quarter. Nuveen LLC purchased a new position in shares of UBS Group in the 1st quarter worth about $348,161,000. Banque Cantonale Vaudoise purchased a new position in shares of UBS Group in the 1st quarter worth about $206,885,000. Finally, Deutsche Bank AG boosted its holdings in shares of UBS Group by 16.1% in the 1st quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank's stock worth $960,278,000 after purchasing an additional 4,337,005 shares in the last quarter.

UBS Group Stock Down 0.1%

UBS traded down $0.06 on Friday, hitting $40.38. The company had a trading volume of 2,085,554 shares, compared to its average volume of 1,633,942. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $40.90. The stock has a fifty day simple moving average of $37.89 and a 200-day simple moving average of $33.68. The firm has a market capitalization of $129.46 billion, a P/E ratio of 21.36, a P/E/G ratio of 0.71 and a beta of 1.21.

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

Analyst Ratings Changes

Several research firms have issued reports on UBS. Citigroup restated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Wedbush restated a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Wall Street Zen upgraded shares of UBS Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Zacks Research upgraded UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently 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.