Great Lakes Advisors LLC Makes New Investment in UBS Group AG $UBS

Key Points

• Great Lakes Advisors LLC acquired 376,522 UBS shares during the second quarter, valued at approximately $18.66 million. Several other institutional investors also initiated or increased positions.
• UBS shares opened at $52.94, near their 52-week high of $55.15, with a market capitalization of $165.37 billion. The bank’s quarterly revenue rose 13.2% year over year, although EPS of $0.87 slightly missed the $0.90 analyst consensus.
• Analyst opinions remain mixed, resulting in a consensus rating of “Hold” and an average price target of $60.30. Ratings range from “Strong Buy” to “Sell.”

Great Lakes Advisors LLC acquired a new stake in shares of UBS Group AG (NYSE:UBS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 376,522 shares of the bank's stock, valued at approximately $18,660,000.

Several other large investors also recently modified their holdings of UBS. Plato Investment Management Ltd bought a new position in shares of UBS Group during the 2nd quarter worth approximately $4,915,000. Fiduciary Financial Group LLC bought a new stake in UBS Group in the second quarter valued at $211,000. Asset Advisory Group Inc. bought a new stake in UBS Group in the second quarter valued at $200,000. Focus Financial Network Inc. bought a new stake in UBS Group in the second quarter valued at $283,000. Finally, Valeo Financial Advisors LLC raised its stake in UBS Group by 38.7% during the second quarter. Valeo Financial Advisors LLC now owns 12,649 shares of the bank's stock worth $627,000 after acquiring an additional 3,528 shares in the last quarter.

UBS Group Price Performance

Shares of UBS stock opened at $52.94 on Wednesday. UBS Group AG has a 52 week low of $36.29 and a 52 week high of $55.15. The stock has a market capitalization of $165.37 billion, a PE ratio of 18.01, a PEG ratio of 0.80 and a beta of 1.18. The company has a debt-to-equity ratio of 3.84, a quick ratio of 1.19 and a current ratio of 1.02. The stock's fifty day moving average is $51.72 and its 200-day moving average is $45.86.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.03). UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The business had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.40 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The business's quarterly revenue was up 13.2% compared to the same quarter last year. Equities research analysts expect that UBS Group AG will post 3.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UBS shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a research note on Monday, June 29th. Keefe, Bruyette & Woods cut shares of UBS Group from a "hold" rating to a "moderate sell" rating in a research report on Friday, June 19th. Zacks Research raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Monday, July 13th. Wall Street Zen lowered shares of UBS Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 26th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $60.30.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.

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