Mediolanum International Funds Ltd Buys 34,733 Shares of UBS Group AG (NYSE:UBS)

Key Points

• Mediolanum International Funds Ltd increased its stake in UBS Group AG by 24.4%, purchasing an additional 34,733 shares, bringing its total holdings to 177,284 shares valued at approximately $5.62 million.
• As of the last earnings report, UBS Group reported an adjusted EPS of $0.51, exceeding analysts' expectations of $0.42, and generated $11.90 billion in revenue for the quarter.
• Several analysts have upgraded their ratings on UBS Group, with the stock currently holding a consensus rating of "Moderate Buy", supported by both buy and hold recommendations from various research firms.

Mediolanum International Funds Ltd lifted its holdings in UBS Group AG (NYSE:UBS - Free Report) by 24.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,284 shares of the bank's stock after acquiring an additional 34,733 shares during the period. Mediolanum International Funds Ltd's holdings in UBS Group were worth $5,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UBS. City Holding Co. bought a new stake in shares of UBS Group in the 1st quarter valued at approximately $25,000. Grove Bank & Trust purchased a new stake in shares of UBS Group in the first quarter worth approximately $28,000. Headlands Technologies LLC purchased a new stake in shares of UBS Group in the fourth quarter worth approximately $33,000. Berbice Capital Management LLC raised its holdings in shares of UBS Group by 44.4% in the first 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. raised its holdings in shares of UBS Group by 45.9% in the first 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.

UBS Group Trading Down 1.3%

UBS traded down $0.51 during trading on Thursday, hitting $37.42. 1,469,496 shares of the stock were exchanged, compared to its average volume of 3,214,405. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $119.98 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 0.68 and a beta of 1.15. The firm has a 50 day simple moving average of $33.94 and a 200 day simple moving average of $32.67. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $38.42.

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, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.55 billion for the quarter, compared to analysts' expectations of $9.77 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. During the same quarter last year, the firm earned $0.34 EPS. As a group, equities analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UBS. Citigroup reiterated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Wedbush restated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, UBS Group has a consensus rating of "Moderate Buy".

UBS Group Company 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.