Groupe la Francaise Grows Position in UBS Group AG $UBS

Key Points

• Groupe la Francaise more than doubled its UBS Group stake by 120.7% in the second quarter, adding 80,342 shares for a total holding worth approximately $7.29 million.
• UBS shares opened at $55.40, near their 12-month high of $55.99, while the stock has gained significantly above its 200-day moving average of $46.85.
• UBS reported quarterly revenue of $13.35 billion, up 13.2% year over year, but EPS of $0.87 fell short of the $0.90 consensus estimate. Analysts’ overall rating remains “Hold,” with a consensus price target of $60.30.

Groupe la Francaise lifted its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 120.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,890 shares of the bank's stock after purchasing an additional 80,342 shares during the quarter. Groupe la Francaise's holdings in UBS Group were worth $7,290,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in UBS Group in the fourth quarter valued at $4,889,413,000. Fisher Asset Management LLC grew its position in shares of UBS Group by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank's stock valued at $2,968,807,000 after acquiring an additional 2,938,827 shares during the period. Deutsche Bank AG grew its position in shares of UBS Group by 19.1% during the 4th quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank's stock valued at $1,371,044,000 after acquiring an additional 4,744,982 shares during the period. Legal & General Group Plc increased its holdings in UBS Group by 0.9% in the 4th quarter. Legal & General Group Plc now owns 23,611,119 shares of the bank's stock worth $1,101,502,000 after acquiring an additional 207,752 shares in the last quarter. Finally, Amundi raised its position in shares of UBS Group by 16.9% during the 1st quarter. Amundi now owns 23,294,847 shares of the bank's stock worth $910,130,000 after purchasing an additional 3,374,516 shares during the last quarter.

UBS Group Price Performance

UBS opened at $55.40 on Tuesday. The stock's 50-day moving average price is $53.08 and its 200 day moving average price is $46.85. UBS Group AG has a 12-month low of $36.29 and a 12-month high of $55.99. The firm has a market cap of $173.07 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 0.83 and a beta of 1.19. The company has a current ratio of 1.02, a quick ratio of 1.19 and a debt-to-equity ratio of 3.84.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.03). UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.40 billion. During the same period in the prior year, the company posted $0.72 EPS. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that UBS Group AG will post 3.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UBS shares. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research note on Wednesday, August 5th. 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. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a report on Monday, June 29th. Wall Street Zen cut shares of UBS Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. Finally, Citigroup restated a "neutral" rating on shares of UBS Group in a report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $60.30.

About UBS Group

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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