Deutsche Bank AG Raises Stock Position in UBS Group AG (NYSE:UBS)

Key Points

• Deutsche Bank AG increased its holdings in UBS Group AG by 16.1%, owning 31,350,911 shares valued at approximately $960.28 million as of its latest SEC filing.
• UBS Group reported earnings of $0.72 per share for the quarter, exceeding analysts' estimates of $0.70, and achieved revenue of $11.55 billion.
• Wall Street analysts have mixed ratings for UBS Group, with a consensus rating of "Hold" based on recent research reports, including upgrades and downgrades from various firms.

Deutsche Bank AG increased its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 16.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,350,911 shares of the bank's stock after acquiring an additional 4,337,005 shares during the period. Deutsche Bank AG owned approximately 0.98% of UBS Group worth $960,278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBS. Headlands Technologies LLC bought a new position in shares of UBS Group in the fourth quarter worth approximately $33,000. Geode Capital Management LLC bought a new position in shares of UBS Group in the fourth quarter worth approximately $1,104,000. Invesco Ltd. lifted its position in UBS Group by 20.0% during the fourth quarter. Invesco Ltd. now owns 2,404,933 shares of the bank's stock valued at $72,918,000 after purchasing an additional 400,694 shares during the period. FIL Ltd lifted its position in UBS Group by 3.0% during the fourth quarter. FIL Ltd now owns 7,039,449 shares of the bank's stock valued at $215,089,000 after purchasing an additional 203,769 shares during the period. Finally, Raymond James Financial Inc. bought a new position in UBS Group during the fourth quarter valued at approximately $31,449,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UBS. Wedbush restated a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Wall Street Zen downgraded shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

UBS Group Stock Performance

UBS traded up $0.60 during trading on Friday, hitting $39.54. The company's stock had a trading volume of 1,744,669 shares, compared to its average volume of 2,034,843. The firm has a market cap of $126.78 billion, a PE ratio of 20.92, a P/E/G ratio of 0.68 and a beta of 1.18. UBS Group AG has a one year low of $25.75 and a one year high of $39.71. The business's 50 day simple moving average is $34.79 and its 200-day simple moving average is $32.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77.

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 the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.34 EPS. As a group, sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group 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.