Banque Pictet & Cie SA Buys 211,199 Shares of UBS Group AG $UBS

Key Points

• Banque Pictet & Cie SA increased its stake in UBS Group AG by 25.7%, acquiring an additional 211,199 shares, bringing its total holdings to over 1 million shares worth approximately $34.86 million.
• UBS Group reported earnings per share (EPS) of $0.72 for the last quarter, surpassing analysts' expectations of $0.70, with total revenue hitting $11.55 billion.
• Wall Street analysts have mixed views on UBS, with ratings from strong buy to underweight, indicating a current average rating of "Moderate Buy".

Banque Pictet & Cie SA raised its stake in UBS Group AG (NYSE:UBS - Free Report) by 25.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,033,470 shares of the bank's stock after purchasing an additional 211,199 shares during the quarter. Banque Pictet & Cie SA's holdings in UBS Group were worth $34,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC grew its stake in shares of UBS Group by 1.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank's stock valued at $640,000 after buying an additional 358 shares in the last quarter. First National Bank of Hutchinson lifted 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 acquiring an additional 367 shares during the last quarter. Allianz SE grew its position in shares of UBS Group by 3.2% in the 1st quarter. Allianz SE now owns 12,312 shares of the bank's stock valued at $374,000 after acquiring an additional 380 shares during the period. Kestra Advisory Services LLC increased its stake in shares of UBS Group by 0.3% during the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank's stock worth $4,453,000 after purchasing an additional 386 shares during the last quarter. Finally, Berbice Capital Management LLC raised 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 valued at $40,000 after purchasing an additional 400 shares during the period.

UBS Group Stock Down 2.5%

UBS opened at $40.49 on Friday. The stock has a fifty day moving average of $39.59 and a 200-day moving average of $34.41. The company has a market capitalization of $129.81 billion, a P/E ratio of 21.42, a P/E/G ratio of 0.71 and a beta of 1.21. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $42.56. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly 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 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 analyst estimates of $9.77 billion. During the same period last year, the firm earned $0.34 earnings per share. On average, equities analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Zacks Research upgraded UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Wall Street Zen upgraded UBS Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 20th. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, UBS Group currently has an average rating of "Moderate Buy".

UBS Group 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.

Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS Group AG (NYSE:UBS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.