149,362 Shares in UBS Group AG (NYSE:UBS) Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP has acquired a new position in UBS Group AG, purchasing 149,362 shares for approximately $4.575 million during the 1st quarter.
• UBS Group's quarterly earnings exceeded estimates, reporting $0.72 earnings per share against a consensus estimate of $0.70, with a revenue of $11.55 billion.
• Several institutional investors, including Goldman Sachs Group and Vanguard Group, have significantly increased their holdings in UBS Group AG during the same period.

Entropy Technologies LP acquired a new position in UBS Group AG (NYSE:UBS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 149,362 shares of the bank's stock, valued at approximately $4,575,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. City Holding Co. bought a new position in UBS Group in the first quarter worth $25,000. Grove Bank & Trust acquired a new stake in shares of UBS Group in the first quarter valued at $28,000. Berbice Capital Management LLC increased its stake in shares of UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after buying an additional 400 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of UBS Group by 45.9% in the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after buying an additional 461 shares in the last quarter. Finally, Continuum Advisory LLC increased its position in UBS Group by 31.1% in the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after purchasing an additional 477 shares during the period.

Analysts Set New Price Targets

A number of analysts recently commented on UBS shares. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Morgan Stanley cut UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen cut UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

UBS Group Stock Performance

NYSE UBS traded up $0.10 on Wednesday, reaching $39.65. The stock had a trading volume of 1,342,634 shares, compared to its average volume of 3,165,758. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a fifty day moving average of $35.05 and a two-hundred day moving average of $32.93. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $39.71. The company has a market cap of $127.13 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 0.68 and a beta of 1.18.

UBS Group (NYSE:UBS - Get Free Report) last issued 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. The firm 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 prior year, the firm posted $0.34 EPS. On average, equities research analysts anticipate that UBS Group AG will post 1.9 EPS 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.