Cordatus Wealth Management LLC Invests $407,000 in UBS Group AG (NYSE:UBS)

Key Points

• Cordatus Wealth Management LLC has invested approximately $407,000 in UBS Group AG, purchasing 13,290 shares in the first quarter.
• Several institutional investors have also increased their stakes in UBS, with notable boosts from HighPoint Advisor Group LLC and Berbice Capital Management LLC.
• Analyst ratings for UBS show a mixed sentiment, with one sell rating, five holds, five buys, and one strong buy, currently averaging a rating of "Moderate Buy."

Cordatus Wealth Management LLC purchased a new stake in UBS Group AG (NYSE:UBS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,290 shares of the bank's stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in UBS Group by 8.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock valued at $1,688,163,000 after acquiring an additional 4,207,140 shares in the last quarter. FMR LLC lifted its stake in UBS Group by 29.4% in the 4th quarter. FMR LLC now owns 55,533,620 shares of the bank's stock valued at $1,695,087,000 after acquiring an additional 12,609,616 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake 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 valued at $1,075,976,000 after acquiring an additional 449,013 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in UBS Group by 162.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank's stock valued at $858,359,000 after acquiring an additional 17,525,749 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in UBS Group by 15.8% in the 4th quarter. Deutsche Bank AG now owns 27,013,906 shares of the bank's stock valued at $819,062,000 after acquiring an additional 3,684,437 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UBS. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Finally, DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy".

UBS Group Trading Down 1.8%

Shares of UBS traded down $0.66 during mid-day trading on Friday, reaching $36.67. 3,697,642 shares of the company were exchanged, compared to its average volume of 2,006,424. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $38.42. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.04 and a current ratio of 1.05. The stock has a market capitalization of $117.58 billion, a PE ratio of 19.40, a PEG ratio of 0.67 and a beta of 1.18. The business has a 50 day simple moving average of $34.14 and a two-hundred day simple moving average of $32.74.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. The firm had revenue of $11.55 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts predict 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.