Edmond DE Rothschild Holding S.A. Cuts Stake in UBS Group AG $UBS

Key Points

• Edmond DE Rothschild Holding S.A. has cut its stake in UBS Group AG by 4.2%, now owning 525,503 shares valued at approximately $16.02 million.
• Recent analyst ratings reveal a consensus of "Moderate Buy" for UBS Group, with analysts issuing a mix of ratings including two Strong Buy and five Buy.
• UBS Group reported $0.72 earnings per share for the last quarter, surpassing projections, with expected annual earnings of 1.9 EPS.

Edmond DE Rothschild Holding S.A. reduced its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 525,503 shares of the bank's stock after selling 22,868 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in UBS Group were worth $16,023,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in UBS Group by 0.9% during the 1st quarter. Alliancebernstein L.P. now owns 579,291 shares of the bank's stock valued at $17,744,000 after acquiring an additional 5,078 shares during the period. AQR Capital Management LLC grew its position in shares of UBS Group by 73.9% in the first quarter. AQR Capital Management LLC now owns 62,912 shares of the bank's stock valued at $1,927,000 after purchasing an additional 26,728 shares in the last quarter. Amundi raised its stake in shares of UBS Group by 2.8% during the 1st quarter. Amundi now owns 17,220,775 shares of the bank's stock valued at $485,970,000 after purchasing an additional 468,814 shares during the period. Aprio Wealth Management LLC lifted its holdings in UBS Group by 15.0% during the 1st quarter. Aprio Wealth Management LLC now owns 13,088 shares of the bank's stock worth $401,000 after purchasing an additional 1,705 shares in the last quarter. Finally, Quarry LP bought a new position in UBS Group in the 1st quarter worth about $37,000.

UBS Group Price Performance

UBS Group stock traded down $0.06 during mid-day trading on Friday, hitting $40.38. 2,085,554 shares of the company traded hands, compared to its average volume of 1,633,942. UBS Group AG has a one year low of $25.75 and a one year high of $40.90. The stock has a market cap of $129.46 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average price of $37.89 and a 200-day moving average price of $33.68.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter in the prior year, the firm earned $0.34 EPS. On average, equities analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UBS shares. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Wall Street Zen raised shares of UBS Group from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

UBS Group Company 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.