130,697 Shares in UBS Group AG $UBS Acquired by Permanens Capital L.P.

Key Points

• Permanens Capital L.P. acquired a new stake in UBS Group AG, purchasing 130,697 shares valued at approximately $4 million, making it the fund's 18th largest position.
• Goldman Sachs increased its holdings in UBS Group by 88.5%, owning over 37 million shares valued at more than $1.15 billion, while several other institutional investors also bought into the stock during the first quarter.
• UBS Group reported earnings of $0.72 per share for the last quarter, exceeding expectations and generating a revenue of $11.55 billion, significantly higher than the anticipated $9.77 billion.

Permanens Capital L.P. acquired a new position in shares of UBS Group AG (NYSE:UBS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 130,697 shares of the bank's stock, valued at approximately $4,003,000. UBS Group accounts for 0.7% of Permanens Capital L.P.'s holdings, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of UBS. Dorsey & Whitney Trust CO LLC lifted its stake in UBS Group by 1.7% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank's stock worth $640,000 after purchasing an additional 358 shares during the last quarter. First National Bank of Hutchinson grew its stake in shares of UBS Group by 3.1% during the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock worth $379,000 after buying an additional 367 shares during the last quarter. Allianz SE lifted its stake in shares of UBS Group by 3.2% in the 1st quarter. Allianz SE now owns 12,312 shares of the bank's stock valued at $374,000 after acquiring an additional 380 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in shares of UBS Group by 0.3% in the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank's stock valued at $4,453,000 after acquiring an additional 386 shares during the last quarter. Finally, Berbice Capital Management LLC boosted its holdings in shares of UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after acquiring an additional 400 shares in the last quarter.

UBS Group Stock Performance

UBS Group stock traded up $0.12 during trading on Wednesday, hitting $40.13. The stock had a trading volume of 1,225,437 shares, compared to its average volume of 1,525,133. The stock has a market cap of $128.66 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21. 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 stock's 50 day moving average is $38.15 and its two-hundred day moving average is $33.77. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $40.90.

UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating 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 business had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, analysts predict that UBS Group AG will post 1.9 EPS for the current year.

Wall Street Analyst Weigh In

UBS has been the subject of several research reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Citigroup restated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Morgan Stanley cut UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Finally, Wall Street Zen downgraded shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, UBS Group currently has an average 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.