Belpointe Asset Management LLC Makes New $639,000 Investment in UBS Group AG $UBS

Key Points

• Belpointe Asset Management LLC made a new investment of approximately $639,000 in UBS Group AG, acquiring 20,850 shares during the first quarter.
• Analysts have mixed ratings on UBS Group, with reports showing two Strong Buy ratings, five Buy ratings, and one Sell rating, resulting in an average rating of "Moderate Buy."
• UBS Group reported a Q2 earnings per share (EPS) of $0.72, exceeding analysts' expectations, with a total revenue of $11.55 billion, significantly higher than the anticipated $9.77 billion.

Belpointe Asset Management LLC acquired a new position in UBS Group AG (NYSE:UBS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,850 shares of the bank's stock, valued at approximately $639,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in UBS Group by 18.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,395 shares of the bank's stock worth $3,810,000 after purchasing an additional 19,229 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of UBS Group by 2,963.0% during the 1st quarter. GAMMA Investing LLC now owns 25,607 shares of the bank's stock valued at $836,000 after buying an additional 24,771 shares during the last quarter. Waverly Advisors LLC purchased a new position in shares of UBS Group during the 4th quarter valued at $534,000. Bessemer Group Inc. lifted its holdings in UBS Group by 8.5% during the 1st quarter. Bessemer Group Inc. now owns 63,761 shares of the bank's stock worth $1,954,000 after purchasing an additional 4,984 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in UBS Group by 19.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank's stock worth $81,000 after purchasing an additional 423 shares in the last quarter.

Wall Street Analyst Weigh In

UBS has been the topic of a number of research analyst reports. Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Zacks Research upgraded UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft restated 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 report on Tuesday, June 3rd. Two investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

UBS Group Trading Down 0.4%

NYSE UBS opened at $40.72 on Friday. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $40.92. 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 50 day simple moving average of $38.50 and a two-hundred day simple moving average of $33.91. The stock has a market cap of $130.57 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 0.72 and a beta of 1.21.

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, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $11.55 billion during the quarter, compared to analysts' expectations 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 last year, the business posted $0.34 EPS. On average, analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

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.

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