Farther Finance Advisors LLC Grows Stock Position in UBS Group AG $UBS

Key Points

• Farther Finance Advisors LLC increased its stake in UBS Group AG by 417.2% during the second quarter, owning 13,722 shares valued at $464,000 after buying an additional 11,069 shares.
• UBS Group has received mixed analyst ratings, with two analysts giving it a Strong Buy rating and others issuing a mix of Buy, Hold, and Sell ratings, resulting in an average rating of "Moderate Buy."
• The bank reported quarterly earnings of $0.72 per share, surpassing analysts' estimates of $0.70, along with a revenue of $11.55 billion, significantly exceeding expectations of $9.77 billion.

Farther Finance Advisors LLC lifted its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 417.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,722 shares of the bank's stock after purchasing an additional 11,069 shares during the quarter. Farther Finance Advisors LLC's holdings in UBS Group were worth $464,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of UBS Group by 18.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,395 shares of the bank's stock worth $3,810,000 after purchasing an additional 19,229 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of UBS Group by 2,963.0% during the first quarter. GAMMA Investing LLC now owns 25,607 shares of the bank's stock worth $836,000 after purchasing an additional 24,771 shares during the last quarter. Bessemer Group Inc. grew its holdings in UBS Group by 8.5% during the first quarter. Bessemer Group Inc. now owns 63,761 shares of the bank's stock worth $1,954,000 after acquiring an additional 4,984 shares during the period. Crocodile Capital Partners GmbH grew its holdings in UBS Group by 74.6% during the second quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank's stock worth $33,651,000 after acquiring an additional 425,000 shares during the period. Finally, Belpointe Asset Management LLC acquired a new position in UBS Group during the first quarter worth $639,000.

Analyst Upgrades and Downgrades

UBS has been the topic of a number of recent analyst reports. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Wall Street Zen lowered UBS Group from a "hold" rating to a "sell" rating in a report on Sunday. Finally, Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

UBS Group Trading Up 0.7%

Shares of UBS stock opened at $40.78 on Friday. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $42.56. The stock has a market cap of $130.76 billion, a P/E ratio of 21.58, a P/E/G ratio of 0.70 and a beta of 1.21. The business has a fifty day simple moving average of $39.68 and a 200-day simple moving average of $34.49. 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 results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.The business had revenue of $11.55 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter last year, the business posted $0.34 earnings per share. On average, analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

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.

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