Korea Investment CORP Decreases Stock Holdings in UBS Group AG $UBS

Key Points

• Korea Investment CORP reduced its stake in UBS Group AG by 12.3% in the first quarter, leaving it with approximately 2,310,867 shares valued at $70,181,000.
• Several other hedge funds, including City Holding Co. and Berbice Capital Management LLC, also adjusted their positions in UBS, indicating a changing sentiment among institutional investors.
• UBS reported earnings per share of $0.72 for the last quarter, exceeding forecasts, and has a current consensus rating of "Moderate Buy" from analysts.

Korea Investment CORP trimmed its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,310,867 shares of the bank's stock after selling 325,070 shares during the period. Korea Investment CORP owned approximately 0.07% of UBS Group worth $70,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. City Holding Co. purchased a new position in shares of UBS Group during the first quarter valued at approximately $25,000. Grove Bank & Trust purchased a new stake in UBS Group during the first quarter valued at approximately $28,000. Berbice Capital Management LLC increased its holdings in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after buying an additional 400 shares during the last quarter. Rakuten Securities Inc. increased its holdings in UBS Group by 45.9% during the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after buying an additional 461 shares during the last quarter. Finally, Continuum Advisory LLC increased its holdings in UBS Group by 31.1% during the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after buying an additional 477 shares during the last quarter.

UBS Group Price Performance

Shares of NYSE:UBS opened at $39.67 on Tuesday. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a fifty day moving average price of $35.59 and a 200 day moving average price of $33.03. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $40.21. The firm has a market cap of $127.20 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 0.70 and a beta of 1.18.

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, topping analysts' consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The firm had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. As a group, sell-side analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a report on Thursday. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. DZ Bank upgraded 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 report on Wednesday, May 21st. Finally, Citigroup reiterated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

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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