Lingohr Asset Management GmbH Acquires New Holdings in UBS Group AG $UBS

Key Points

• Lingohr Asset Management GmbH has acquired 19,880 shares of UBS Group AG, valued at around $672,000, in the second quarter.
• Analysts have mixed ratings for UBS Group AG, with one downgrade from Morgan Stanley and a subsequent upgrade from Bank of America, leading to a consensus rating of "Moderate Buy".
• UBS Group reported a quarterly EPS of $0.72, beating estimates, with revenues reaching $11.55 billion, significantly over the expected $9.77 billion.

Lingohr Asset Management GmbH acquired a new stake in UBS Group AG (NYSE:UBS - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 19,880 shares of the bank's stock, valued at approximately $672,000.

Other institutional investors also recently added to or reduced their stakes in the company. City Holding Co. bought a new position in UBS Group in the 1st quarter worth approximately $25,000. Grove Bank & Trust bought a new position in UBS Group in the 1st quarter worth approximately $28,000. Quarry LP bought a new position in UBS Group in the 1st quarter worth approximately $37,000. Berbice Capital Management LLC increased its position in UBS Group by 44.4% in the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after buying an additional 400 shares during the period. Finally, Rakuten Securities Inc. increased its position in UBS Group by 45.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after buying an additional 461 shares during the period.

Analysts Set New Price Targets

UBS has been the topic of several recent analyst reports. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Zacks Research raised UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Citigroup reissued a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

UBS Group Trading Down 0.4%

Shares of UBS opened at $40.72 on Monday. The stock has a fifty day moving average price of $38.50 and a two-hundred day moving average price of $33.92. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $40.92. The company has a market cap of $130.57 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 0.72 and a beta of 1.21.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.During the same quarter in the previous year, the company posted $0.34 EPS. Analysts predict that UBS Group AG will post 1.9 EPS 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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