Banco Santander S.A. Raises Stock Position in UBS Group AG (NYSE:UBS)

Key Points

• Banco Santander S.A. increased its stake in UBS Group AG by 40% in Q1 2023, holding a total of 121,094 shares valued at approximately $3.7 million.
• UBS Group reported $0.72 EPS for the last quarter, surpassing analysts' expectations and showing significant growth from the previous year's earnings.
• Research analysts have mixed ratings for UBS Group, with the consensus rating categorized as "Hold," and some analysts adjusting their ratings between "sell," "neutral," and "strong-buy."

Banco Santander S.A. raised its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 40.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 121,094 shares of the bank's stock after purchasing an additional 34,594 shares during the quarter. Banco Santander S.A.'s holdings in UBS Group were worth $3,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. City Holding Co. bought a new stake in shares of UBS Group in the 1st quarter worth approximately $25,000. Grove Bank & Trust bought a new stake in shares of UBS Group in the 1st quarter worth approximately $28,000. Headlands Technologies LLC bought a new stake in shares of UBS Group in the 4th quarter worth approximately $33,000. Berbice Capital Management LLC lifted its holdings 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 worth $40,000 after acquiring an additional 400 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of UBS Group by 45.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after acquiring an additional 461 shares during the last quarter.

UBS Group Trading Down 0.0%

NYSE:UBS traded down $0.01 during midday trading on Tuesday, reaching $37.34. 365,506 shares of the stock traded hands, compared to its average volume of 3,193,578. The company has a fifty day moving average of $34.26 and a 200 day moving average of $32.76. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $38.42. 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 stock has a market capitalization of $119.72 billion, a P/E ratio of 19.72, a PEG ratio of 0.64 and a beta of 1.18.

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, beating analysts' consensus estimates of $0.70 by $0.02. The business had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the previous year, the firm earned $0.34 EPS. On average, research analysts predict that UBS Group AG will post 1.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a report on Monday, May 12th. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Wedbush reiterated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Finally, Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a report on Sunday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, UBS Group has an average rating of "Hold".

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.