Mitchell Capital Management Co. Has $3.48 Million Stake in UBS Group AG $UBS

Key Points

• Mitchell Capital Management Co. has decreased its stake in UBS Group AG by 12.6%, holding 96,483 shares valued at approximately $3.48 million as of its latest SEC filing.
• UBS Group has received predominantly positive ratings from analysts, with two strong buy ratings and an overall average rating of Moderate Buy.
• The company reported a Q2 earnings of $0.72 EPS, surpassing expectations, along with a revenue of $11.55 billion, which also exceeded estimates.

Mitchell Capital Management Co. trimmed its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 12.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,483 shares of the bank's stock after selling 13,862 shares during the quarter. Mitchell Capital Management Co.'s holdings in UBS Group were worth $3,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of UBS Group by 18.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,395 shares of the bank's stock valued at $3,810,000 after buying an additional 19,229 shares during the last quarter. GAMMA Investing LLC lifted its holdings in UBS Group by 2,963.0% in the 1st quarter. GAMMA Investing LLC now owns 25,607 shares of the bank's stock worth $836,000 after purchasing an additional 24,771 shares during the last quarter. Crocodile Capital Partners GmbH lifted its holdings in UBS Group by 74.6% in the 2nd quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank's stock worth $33,651,000 after purchasing an additional 425,000 shares during the last quarter. Bessemer Group Inc. lifted its holdings in UBS Group by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 63,761 shares of the bank's stock worth $1,954,000 after purchasing an additional 4,984 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in UBS Group by 19.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank's stock worth $81,000 after purchasing an additional 423 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on UBS shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Zacks Research upgraded UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Weiss Ratings restated a "buy (b)" rating on shares of UBS Group in a report on Wednesday, October 8th. Finally, Morgan Stanley restated an "underweight" rating on shares of UBS Group in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

UBS Group Stock Performance

Shares of NYSE UBS opened at $39.72 on Monday. 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 business's 50 day moving average is $40.30 and its two-hundred day moving average is $35.04. The company has a market cap of $127.37 billion, a P/E ratio of 21.02, a P/E/G ratio of 0.64 and a beta of 1.18. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $42.56.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate 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 return on equity of 7.17% and a net margin of 9.21%.During the same period in the previous year, the business posted $0.34 EPS. On average, equities analysts expect that UBS Group AG will post 1.9 EPS for the current year.

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.

Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS Group AG (NYSE:UBS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.