Credit Agricole S A Lowers Holdings in UBS Group AG $UBS

Key Points

• Credit Agricole S A has significantly reduced its stake in UBS Group AG by 65% during the first quarter, now holding 785,134 shares worth approximately $24 million.
• Hedge funds have varied actions regarding UBS, with some increasing their positions, like Wealth Enhancement Advisory Services and GAMMA Investing LLC, while others, including Credit Agricole, decreased their stakes.
• Analyst ratings for UBS show a mix of upgrades and downgrades, with the average rating now classified as a "Moderate Buy" after various research firms issued differing opinions.

Credit Agricole S A decreased its holdings in UBS Group AG (NYSE:UBS - Free Report) by 65.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 785,134 shares of the bank's stock after selling 1,461,229 shares during the quarter. Credit Agricole S A's holdings in UBS Group were worth $24,049,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of UBS Group by 18.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,395 shares of the bank's stock valued at $3,810,000 after buying an additional 19,229 shares in the last quarter. GAMMA Investing LLC increased its position in shares of UBS Group by 2,963.0% in the first 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 in the last quarter. Waverly Advisors LLC purchased a new position in shares of UBS Group in the fourth quarter valued at $534,000. Bessemer Group Inc. increased its position in shares of UBS Group by 8.5% in the first quarter. Bessemer Group Inc. now owns 63,761 shares of the bank's stock valued at $1,954,000 after buying an additional 4,984 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of UBS Group by 19.0% in the first quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank's stock valued at $81,000 after buying an additional 423 shares in the last quarter.

UBS Group Trading Up 2.2%

UBS traded up $0.8650 during midday trading on Friday, hitting $40.3550. The company's stock had a trading volume of 1,333,260 shares, compared to its average volume of 2,029,732. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The firm has a market cap of $129.40 billion, a P/E ratio of 21.35, a PEG ratio of 0.69 and a beta of 1.18. The firm has a 50-day moving average price of $36.18 and a two-hundred day moving average price of $33.21. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $40.42.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business earned $0.34 EPS. On average, research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Finally, Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

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.