Levin Capital Strategies L.P. Has $12.64 Million Stock Holdings in UBS Group AG (NYSE:UBS)

Key Points

• Levin Capital Strategies L.P. has significantly reduced its stake in UBS Group AG by 55.2%, owning 412,616 shares valued at $12.64 million as of the recent SEC filing.
• Several other hedge funds have increased their holdings in UBS Group, including DZ BANK AG, which raised its stake by 162.6%, now owning 28,307,335 shares valued at $858.36 million.
• Analysts have issued mixed ratings on UBS Group, with reports from Keefe, Bruyette & Woods upgrading it to "hold" and Morgan Stanley downgrading it to "underweight," reflecting varied investor sentiments.

Levin Capital Strategies L.P. trimmed its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 55.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 412,616 shares of the bank's stock after selling 508,132 shares during the period. UBS Group comprises about 1.3% of Levin Capital Strategies L.P.'s holdings, making the stock its 28th biggest holding. Levin Capital Strategies L.P.'s holdings in UBS Group were worth $12,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. City Holding Co. purchased a new stake in shares of UBS Group in the first quarter valued at $25,000. Grove Bank & Trust purchased a new stake in UBS Group in the 1st quarter worth about $28,000. Headlands Technologies LLC acquired a new stake in UBS Group during the 4th quarter worth about $33,000. Berbice Capital Management LLC increased its holdings in shares of UBS Group by 44.4% in the 1st 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 period. Finally, Rakuten Securities Inc. increased its holdings in shares of UBS Group by 45.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after purchasing an additional 461 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBS. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Citigroup reissued a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Wall Street Zen lowered UBS Group from a "hold" rating to a "sell" rating in a report on Sunday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

UBS Group Stock Up 2.4%

Shares of NYSE:UBS traded up $0.89 on Thursday, reaching $38.93. The company had a trading volume of 2,573,584 shares, compared to its average volume of 2,017,478. The stock has a market capitalization of $124.84 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.67 and a beta of 1.18. The stock has a 50-day moving average price of $34.64 and a 200 day moving average price of $32.86. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $39.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS - Get Free Report) last announced its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. The firm had revenue of $11.55 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. On average, equities analysts expect that UBS Group AG will post 1.9 EPS for the current year.

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.