Exane Asset Management Cuts Stake in UBS Group AG $UBS

Key Points

• Exane Asset Management reduced its stake in UBS Group AG by 19.5% during the 2nd quarter, holding approximately 1,038,991 shares, making it the firm’s second biggest holding.
• UBS Group's stock is currently priced at $40.78 with a market capitalization of $130.76 billion, reflecting a price-to-earnings ratio of 21.58.
• Various brokerages have updated their ratings on UBS, with Zacks Research upgrading it to a "strong-buy" rating, while Morgan Stanley has downgraded it to an "underweight" rating.

Exane Asset Management cut its position in UBS Group AG (NYSE:UBS - Free Report) by 19.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,038,991 shares of the bank's stock after selling 251,444 shares during the period. UBS Group accounts for approximately 13.7% of Exane Asset Management's investment portfolio, making the stock its 2nd biggest holding. Exane Asset Management's holdings in UBS Group were worth $32,735,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. City Holding Co. bought a new stake in shares of UBS Group during the first quarter valued at approximately $25,000. Maseco LLP bought a new position in shares of UBS Group in the 2nd quarter worth $28,000. Grove Bank & Trust acquired a new stake in UBS Group in the 1st quarter valued at $28,000. Quarry LP bought a new stake in UBS Group during the 1st quarter valued at $37,000. Finally, Berbice Capital Management LLC raised its holdings in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after buying an additional 400 shares during the last quarter.

UBS Group Stock Up 0.7%

UBS opened at $40.78 on Monday. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56. The company's 50-day moving average price is $39.68 and its two-hundred day moving average price is $34.51. The stock has a market cap of $130.76 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.70 and a beta of 1.21. 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 posted 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. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion for the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UBS. Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Citigroup reiterated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.