8,936 Shares in UBS Group AG (NYSE:UBS) Acquired by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group Inc. acquired a new position in UBS Group AG by buying 8,936 shares valued at approximately $274,000 in the first quarter.
• UBS Group's stock has recently received various ratings updates, including upgrades from Bank of America to a "neutral" rating and from DZ Bank to a "strong-buy" rating.
• In its latest earnings report, UBS Group reported an EPS of $0.72, exceeding analysts' expectations of $0.70, along with a revenue of $11.55 billion for the quarter.

Citizens Financial Group Inc. RI acquired a new stake in shares of UBS Group AG (NYSE:UBS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,936 shares of the bank's stock, valued at approximately $274,000.

A number of other large investors have also made changes to their positions in UBS. City Holding Co. acquired a new stake in UBS Group in the 1st quarter worth about $25,000. Grove Bank & Trust acquired a new stake in UBS Group in the 1st quarter worth about $28,000. Berbice Capital Management LLC boosted its stake in 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. Rakuten Securities Inc. boosted its stake in 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 buying an additional 461 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in UBS Group by 31.1% in the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after buying an additional 477 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Wedbush reissued a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold".

UBS Group Trading Down 1.9%

Shares of NYSE UBS traded down $0.75 during midday trading on Monday, hitting $38.79. The stock had a trading volume of 3,700,491 shares, compared to its average volume of 2,047,204. The company has a market capitalization of $124.39 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.70 and a beta of 1.18. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $39.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The company has a fifty day moving average price of $34.93 and a 200 day moving average price of $32.89.

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 business had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. During the same period in the previous year, the company posted $0.34 EPS. On average, analysts predict 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.