ICONIQ Capital LLC Buys 6,581 Shares of UBS Group AG $UBS

Key Points

• ICONIQ Capital LLC increased its stake in UBS Group AG by 51.3% by purchasing an additional 6,581 shares, bringing its total holdings to 19,399 shares valued at $594,000.
• Recent ratings from analysts have varied, with two giving UBS a Strong Buy rating, while one downgraded it to a Sell, resulting in a consensus rating of "Moderate Buy."
• UBS Group's earnings report showed $0.72 earnings per share, exceeding analysts' expectations, alongside reported revenue of $11.55 billion for the quarter.

ICONIQ Capital LLC grew its stake in UBS Group AG (NYSE:UBS - Free Report) by 51.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,399 shares of the bank's stock after purchasing an additional 6,581 shares during the quarter. ICONIQ Capital LLC's holdings in UBS Group were worth $594,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in UBS Group by 28.9% during the first quarter. Smartleaf Asset Management LLC now owns 12,468 shares of the bank's stock worth $393,000 after acquiring an additional 2,796 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in UBS Group by 32.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 54,410 shares of the bank's stock worth $1,667,000 after acquiring an additional 13,370 shares during the period. Groupe la Francaise bought a new position in UBS Group during the first quarter worth about $2,744,000. Sax Wealth Advisors LLC increased its position in UBS Group by 30.0% during the first quarter. Sax Wealth Advisors LLC now owns 14,636 shares of the bank's stock worth $448,000 after acquiring an additional 3,375 shares during the period. Finally, Kestra Advisory Services LLC increased its position in UBS Group by 0.3% during the first quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank's stock worth $4,453,000 after acquiring an additional 386 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UBS shares. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

UBS Group Trading Up 2.2%

Shares of UBS Group stock opened at $40.3550 on Monday. The firm's 50-day moving average price is $36.18 and its two-hundred day moving average price is $33.21. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $40.42. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $129.40 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 0.71 and a beta of 1.18.

UBS Group (NYSE:UBS - Get Free Report) last posted 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. The company had revenue of $11.55 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $0.34 EPS. On average, analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

About UBS Group

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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