ARGA Investment Management LP Purchases 68,446 Shares of UBS Group AG $UBS

Key Points

• ARGA Investment Management LP increased its stake in UBS Group AG by 0.9%, acquiring an additional 68,446 shares to own a total of 7,289,109 shares, making UBS its 5th largest position.
• UBS Group's stock increased by 0.4% to open at $38.21, with a market cap of $122.52 billion and a P/E ratio of 20.22.
• Recent earnings reported a beat with $0.72 EPS, exceeding analysts' estimates of $0.70, while revenue reached $11.55 billion, surpassing expectations of $9.77 billion.

ARGA Investment Management LP raised its position in UBS Group AG (NYSE:UBS - Free Report) by 0.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,289,109 shares of the bank's stock after acquiring an additional 68,446 shares during the period. UBS Group makes up about 6.7% of ARGA Investment Management LP's holdings, making the stock its 5th largest position. ARGA Investment Management LP owned 0.23% of UBS Group worth $246,676,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UBS. Maseco LLP acquired a new stake in UBS Group in the 2nd quarter valued at $28,000. Quarry LP bought a new position in shares of UBS Group in the first quarter valued at $37,000. Berbice Capital Management LLC increased its position in shares of UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of UBS Group by 62.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank's stock worth $46,000 after acquiring an additional 573 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in UBS Group in the 2nd quarter valued at about $65,000.

UBS Group Stock Up 0.4%

UBS opened at $38.21 on Friday. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $42.56. The company has a market cap of $122.52 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. 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 50 day moving average of $40.30 and a 200 day moving average of $35.55.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UBS. 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 cut shares of UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, September 28th. Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Morgan Stanley reissued an "underweight" rating on shares of UBS Group in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, UBS Group 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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