Plato Investment Management Ltd Sells 24,307 Shares of UBS Group AG $UBS

Key Points

• Plato Investment Management Ltd has reduced its holdings in UBS Group AG by 22.6%, selling 24,307 shares and retaining a total of 83,183 shares worth approximately $2,554,000.
• UBS Group reported earnings of $0.72 per share for the last quarter, surpassing analysts' expectations, and had a revenue of $11.55 billion compared to estimates of $9.77 billion.
• Analysts have provided mixed ratings for UBS Group, with some upgrades to "buy" and "strong-buy," while others have downgraded their outlook, resulting in an overall average rating of "Moderate Buy."

Plato Investment Management Ltd decreased its holdings in UBS Group AG (NYSE:UBS - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 83,183 shares of the bank's stock after selling 24,307 shares during the period. Plato Investment Management Ltd's holdings in UBS Group were worth $2,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of UBS Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank's stock valued at $4,037,467,000 after purchasing an additional 3,562,475 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of UBS Group by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank's stock valued at $2,293,986,000 after purchasing an additional 1,363,149 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of UBS Group by 8.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock valued at $1,688,163,000 after purchasing an additional 4,207,140 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of UBS Group by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock valued at $1,153,354,000 after purchasing an additional 17,676,829 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of UBS Group by 1.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank's stock valued at $1,075,976,000 after purchasing an additional 449,013 shares during the last quarter.

Wall Street Analyst Weigh In

UBS has been the topic of a number of research reports. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Zacks Research raised UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

UBS Group Price Performance

UBS stock traded down $0.18 during mid-day trading on Friday, hitting $40.72. 1,272,410 shares of the stock were exchanged, compared to its average volume of 1,558,164. The stock has a market capitalization of $130.57 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 0.72 and a beta of 1.21. The business has a fifty day moving average price of $38.50 and a 200 day moving average price of $33.92. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $40.92.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the business earned $0.34 EPS. On average, sell-side analysts anticipate 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.