Public Employees Retirement System of Ohio Reduces Holdings in UBS Group AG $UBS

Key Points

• The Public Employees Retirement System of Ohio decreased its holdings in UBS Group AG by 13.7% in Q2, owning 2,292,635 shares after selling 364,273 shares.
• UBS Group stock has seen recent rating changes, with Jefferies Financial Group upgrading it to "buy" and Morgan Stanley downgrading it to "underweight," leading to an average rating of "Moderate Buy" from analysts.
• UBS reported an earnings per share (EPS) of $0.72 for the last quarter, exceeding estimates, with revenue also surpassing expectations at $11.55 billion.

Public Employees Retirement System of Ohio trimmed its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 13.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,292,635 shares of the bank's stock after selling 364,273 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of UBS Group worth $77,339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. City Holding Co. purchased a new stake in shares of UBS Group during the first quarter worth about $25,000. Maseco LLP purchased a new position in shares of UBS Group during the second quarter valued at approximately $28,000. Grove Bank & Trust acquired a new stake in UBS Group during the first quarter worth approximately $28,000. Quarry LP purchased a new stake in UBS Group in the 1st quarter worth approximately $37,000. Finally, Berbice Capital Management LLC raised its holdings in UBS Group by 44.4% in 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 during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UBS shares. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Wall Street Zen upgraded shares of UBS Group from a "sell" rating to a "hold" rating in a research note on Saturday. Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Wedbush restated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Finally, Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Two equities research 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. According to data from MarketBeat.com, UBS Group presently has an average rating of "Moderate Buy".

UBS Group Stock Down 0.7%

Shares of UBS Group stock opened at $42.08 on Wednesday. The firm has a market cap of $134.91 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 0.72 and a beta of 1.21. The stock has a 50-day simple moving average of $39.39 and a 200-day simple moving average of $34.30. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $42.57. 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 (NYSE:UBS - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate 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 firm posted $0.34 earnings per share. On average, equities research analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal 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.

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