Generali Asset Management SPA SGR Buys 396,741 Shares of UBS Group AG $UBS

Key Points

• Generali Asset Management SPA SGR increased its stake in UBS Group AG by 25.4%, acquiring an additional 396,741 shares, bringing its total holding to approximately 1,957,087 shares valued at around $66 million.
• UBS Group's stock trading showed a 1.0% decline, with shares opening at $40.00 and a market capitalization of $128.25 billion, alongside strong recent earnings performance exceeding analysts' expectations.
• Analyst ratings for UBS Group are mixed, with Zacks Research upgrading the stock to a "strong-buy" while Wall Street Zen has downgraded it to "sell," indicating varying market sentiments among analysts.

Generali Asset Management SPA SGR increased its stake in UBS Group AG (NYSE:UBS - Free Report) by 25.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,957,087 shares of the bank's stock after purchasing an additional 396,741 shares during the quarter. UBS Group makes up 1.5% of Generali Asset Management SPA SGR's investment portfolio, making the stock its 10th largest holding. Generali Asset Management SPA SGR owned approximately 0.06% of UBS Group worth $66,189,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust acquired a new position in UBS Group in the 1st quarter valued at $28,000. Maseco LLP acquired a new position in UBS Group during the 2nd quarter worth $28,000. Quarry LP bought a new stake in UBS Group during the first quarter valued at about $37,000. Berbice Capital Management LLC grew its position 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 purchasing an additional 400 shares during the last quarter. Finally, 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 worth $45,000 after purchasing an additional 461 shares during the period.

UBS Group Trading Down 1.0%

Shares of UBS Group stock opened at $40.00 on Wednesday. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $42.56. The firm has a market capitalization of $128.25 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. 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 company's fifty day moving average price is $40.41 and its two-hundred day moving average price is $35.14.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The business 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 period in the previous year, the business earned $0.34 EPS. On average, analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research upgraded UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen lowered UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, September 28th. Weiss Ratings restated a "buy (b)" rating on shares of UBS Group in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Finally, Morgan Stanley reiterated an "underweight" rating on shares of UBS Group in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company 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.

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