Pzena Investment Management LLC Grows Stock Holdings in UBS Group AG $UBS

Key Points

• Pzena Investment Management LLC increased its stake in UBS Group AG by 5.3%, holding approximately 30.9 million shares, valued at over $1 billion.
• Recent analyst ratings for UBS have varied, with Bank of America upgrading it to "neutral", while Wall Street Zen downgraded it to "sell".
• UBS Group reported a quarterly earnings per share of $0.72, exceeding analyst estimates, and achieved a revenue of $11.55 billion for the same period.

Pzena Investment Management LLC increased its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 5.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,902,392 shares of the bank's stock after buying an additional 1,551,567 shares during the period. UBS Group comprises about 3.4% of Pzena Investment Management LLC's holdings, making the stock its 9th biggest position. Pzena Investment Management LLC owned about 0.96% of UBS Group worth $1,045,119,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in UBS. Grove Bank & Trust purchased a new stake in UBS Group during the first quarter worth about $28,000. Maseco LLP purchased a new stake in UBS Group during the second quarter worth about $28,000. Quarry LP purchased a new stake in UBS Group during the first quarter worth about $37,000. Berbice Capital Management LLC increased its holdings in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after buying an additional 400 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in UBS Group by 45.9% during the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after buying an additional 461 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UBS shares. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Morgan Stanley restated an "underweight" rating on shares of UBS Group in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, September 28th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of UBS Group in a research report on Wednesday, October 8th. Two research 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 given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

UBS Group Price Performance

UBS stock opened at $39.72 on Monday. The firm has a 50 day moving average of $40.30 and a 200-day moving average of $35.04. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $42.56. The firm has a market capitalization of $127.37 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 0.64 and a beta of 1.18.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period last year, the business earned $0.34 earnings per share. As a group, sell-side analysts predict 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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