Bank Pictet & Cie Europe AG Acquires 26,225 Shares of UBS Group AG $UBS

Key Points

• Bank Pictet & Cie Europe AG significantly increased its stake in UBS Group AG by 293%, acquiring 26,225 additional shares for a total of 35,174 shares worth approximately $1.186 million.
• Multiple institutional investors have also modified their holdings in UBS, with several increasing their stakes during the first quarter, indicating growing interest in the bank's stock.
• UBS Group's stock has received favorable upgrades from various analysts, with ratings shifting from "underperform" to "neutral" and even "strong-buy", indicating positive market sentiment.

Bank Pictet & Cie Europe AG boosted its holdings in UBS Group AG (NYSE:UBS - Free Report) by 293.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,174 shares of the bank's stock after acquiring an additional 26,225 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in UBS Group were worth $1,186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UBS. Dorsey & Whitney Trust CO LLC grew its holdings in shares of UBS Group by 1.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank's stock worth $640,000 after purchasing an additional 358 shares in the last quarter. First National Bank of Hutchinson raised its stake in UBS Group by 3.1% in the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock valued at $379,000 after purchasing an additional 367 shares in the last quarter. Allianz SE lifted its position in UBS Group by 3.2% during the first quarter. Allianz SE now owns 12,312 shares of the bank's stock valued at $374,000 after purchasing an additional 380 shares during the last quarter. Kestra Advisory Services LLC grew its stake in UBS Group by 0.3% in the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank's stock worth $4,453,000 after buying an additional 386 shares in the last quarter. Finally, Berbice Capital Management LLC increased 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 buying an additional 400 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UBS. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Zacks Research raised UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen upgraded UBS Group from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Finally, Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

UBS Group Trading Down 2.5%

Shares of UBS stock opened at $40.49 on Friday. The business has a 50-day moving average of $39.59 and a 200 day moving average of $34.41. 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 1-year low of $25.75 and a 1-year high of $42.56. The stock has a market capitalization of $129.81 billion, a PE ratio of 21.42, a P/E/G ratio of 0.71 and a beta of 1.21.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 earnings per share 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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