Cetera Investment Advisers Raises Stock Holdings in UBS Group AG (NYSE:UBS)

Key Points

• Cetera Investment Advisers increased its holdings in UBS Group AG by 32.3%, owning 80,090 shares valued at approximately $2.45 million as of the end of the most recent quarter.
• UBS Group has received mixed ratings from analysts, with several upgrading the stock to "buy" while others have downgraded it to "sell," contributing to a current consensus rating of "Hold."
• In its latest earnings report, UBS Group exceeded expectations with earnings per share of $0.72, surpassing the estimate of $0.70, and generating revenues of $11.55 billion compared to estimates of $9.77 billion.

Cetera Investment Advisers lifted its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 32.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,090 shares of the bank's stock after purchasing an additional 19,541 shares during the quarter. Cetera Investment Advisers' holdings in UBS Group were worth $2,453,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. City Holding Co. purchased a new stake in shares of UBS Group during the 1st quarter valued at $25,000. Grove Bank & Trust bought a new position in UBS Group in the first quarter valued at $28,000. Headlands Technologies LLC purchased a new stake in UBS Group during the fourth quarter valued at about $33,000. Berbice Capital Management LLC lifted its stake in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after purchasing an additional 400 shares during the last quarter. Finally, Rakuten Securities Inc. boosted 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 purchasing an additional 461 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UBS. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a report on Monday, May 12th. Citigroup restated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Jefferies Financial Group upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Finally, DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

UBS Group Trading Up 1.5%

UBS Group stock traded up $0.60 during mid-day trading on Friday, reaching $39.54. 1,744,669 shares of the company traded hands, compared to its average volume of 3,180,724. 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 52-week low of $25.75 and a 52-week high of $39.71. The firm has a market capitalization of $126.78 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 0.67 and a beta of 1.18. The firm's 50 day moving average price is $34.64 and its 200 day moving average price is $32.86.

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 anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal 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.