PNC Financial Services Group Inc. Raises Stock Holdings in UBS Group AG (NYSE:UBS)

Key Points

• PNC Financial Services Group Inc. increased its stake in UBS Group AG by 16.6% during the first quarter, owning 119,926 shares valued at approximately $3.67 million.
• UBS Group's recent quarterly earnings exceeded expectations, reporting $0.72 in earnings per share and $11.55 billion in revenue compared to analyst predictions of $0.70 EPS and $9.77 billion in revenue.
• Currently, UBS Group has mixed ratings from analysts, with one strong buy, five buy, and four hold ratings, reflecting a consensus average rating of "Hold."

PNC Financial Services Group Inc. lifted its holdings in UBS Group AG (NYSE:UBS - Free Report) by 16.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,926 shares of the bank's stock after purchasing an additional 17,066 shares during the quarter. PNC Financial Services Group Inc.'s holdings in UBS Group were worth $3,673,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Integrated Wealth Concepts LLC raised its position in shares of UBS Group by 0.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after buying an additional 320 shares in the last quarter. First National Bank of Hutchinson boosted its holdings in shares of UBS Group by 3.1% in the 1st quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock worth $379,000 after purchasing an additional 367 shares during the period. Keel Point LLC increased its position in shares of UBS Group by 4.4% during the 4th quarter. Keel Point LLC now owns 9,227 shares of the bank's stock valued at $280,000 after purchasing an additional 389 shares during the last quarter. Berbice Capital Management LLC raised its holdings in 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 buying an additional 400 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in UBS Group by 19.0% in the first quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank's stock worth $81,000 after buying an additional 423 shares during the last quarter.

UBS Group Price Performance

NYSE UBS opened at $38.93 on Friday. The stock's fifty day moving average price is $34.64 and its 200 day moving average price is $32.86. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $124.84 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.67 and a beta of 1.18. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $39.20.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a report on Monday, May 12th. Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, UBS Group currently has an average rating of "Hold".

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.

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