Border to Coast Pensions Partnership Ltd Raises Stock Position in UBS Group AG $UBS

Key Points

• Border to Coast Pensions Partnership Ltd increased its stake in UBS Group AG by 10.4% in Q2, bringing its total to 2,307,000 shares valued at approximately $77.8 million.
• UBS Group reported $0.72 earnings per share (EPS) for Q2, surpassing analysts' expectations of $0.70, with revenues of $11.55 billion compared to expected $9.77 billion.
• Analysts have mixed ratings on UBS stock, with two firms issuing a Strong Buy recommendation, indicating a consensus average rating of Moderate Buy.

Border to Coast Pensions Partnership Ltd lifted its stake in UBS Group AG (NYSE:UBS - Free Report) by 10.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,307,000 shares of the bank's stock after purchasing an additional 217,000 shares during the period. UBS Group accounts for approximately 1.4% of Border to Coast Pensions Partnership Ltd's holdings, making the stock its 18th largest holding. Border to Coast Pensions Partnership Ltd owned about 0.07% of UBS Group worth $77,818,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UBS. Vanguard Group Inc. boosted its position in UBS Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank's stock valued at $4,037,467,000 after purchasing an additional 3,562,475 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of UBS Group by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank's stock valued at $2,293,986,000 after acquiring an additional 1,363,149 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UBS Group by 8.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock valued at $1,688,163,000 after buying an additional 4,207,140 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of UBS Group by 88.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock worth $1,153,354,000 after purchasing an additional 17,676,829 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in UBS Group by 1.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank's stock worth $1,075,976,000 after acquiring an additional 449,013 shares during the last quarter.

UBS Group Stock Down 0.8%

Shares of UBS traded down $0.35 on Tuesday, hitting $42.04. 976,233 shares of the stock traded hands, compared to its average volume of 2,915,031. The company has a market capitalization of $134.78 billion, a PE ratio of 22.24, a P/E/G ratio of 0.72 and a beta of 1.21. The business has a 50 day simple moving average of $39.25 and a 200 day simple moving average of $34.24. UBS Group AG has a one year low of $25.75 and a one year high of $42.57. 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 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 analysts' expectations 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 company earned $0.34 earnings per share. As a group, equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBS has been the subject of several analyst reports. Citigroup reissued a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Wall Street Zen upgraded shares of UBS Group from a "sell" rating to a "hold" rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Finally, Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, UBS Group currently has a consensus rating of "Moderate Buy".

UBS Group Company 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.