Assenagon Asset Management S.A. Acquires 15,042 Shares of UBS Group AG $UBS

Key Points

• Assenagon Asset Management S.A. increased its holdings in **UBS Group AG** by **7.4%**, acquiring an additional **15,042 shares** during the 2nd quarter, bringing total ownership to **217,715 shares** valued at approximately **$7,344,000**.
• Multiple institutional investors, including **MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.** and **GAMMA Investing LLC**, significantly boosted their stakes in UBS Group, indicating strong institutional interest.
• Brokerages have mixed ratings for UBS, with some, like **Jefferies**, upgrading the stock to a **"buy"** rating, while **Morgan Stanley** downgraded it to **"underweight,"** reflecting varied analyst expectations for its performance.

Assenagon Asset Management S.A. grew its holdings in UBS Group AG (NYSE:UBS - Free Report) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 217,715 shares of the bank's stock after purchasing an additional 15,042 shares during the period. Assenagon Asset Management S.A.'s holdings in UBS Group were worth $7,344,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in UBS Group by 62.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,810 shares of the bank's stock valued at $117,000 after buying an additional 1,463 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in UBS Group in the 4th quarter valued at approximately $34,837,000. MassMutual Private Wealth & Trust FSB increased its position in UBS Group by 19.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 6,236 shares of the bank's stock valued at $191,000 after acquiring an additional 1,010 shares during the period. Versant Capital Management Inc grew its position in shares of UBS Group by 1,145.9% in the 1st quarter. Versant Capital Management Inc now owns 16,383 shares of the bank's stock valued at $502,000 after buying an additional 15,068 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of UBS Group by 2,963.0% during the first quarter. GAMMA Investing LLC now owns 25,607 shares of the bank's stock worth $836,000 after buying an additional 24,771 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UBS. Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Finally, Wedbush reiterated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Two 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

UBS Group Stock Down 0.7%

UBS stock opened at $42.08 on Wednesday. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $42.57. The stock has a market cap of $134.91 billion, a P/E ratio of 22.26, a P/E/G ratio of 0.72 and a beta of 1.21. The stock's fifty day simple moving average is $39.39 and its two-hundred day simple moving average is $34.30. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping 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 analysts' expectations of $9.77 billion. During the same period in the previous year, the business posted $0.34 EPS. Analysts expect that UBS Group AG will post 1.9 EPS for the current year.

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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