Ritholtz Wealth Management Has $4.88 Million Stake in UBS Group AG $UBS

Key Points

• Ritholtz Wealth Management reduced its stake in UBS Group AG by **20.4%** in Q2, now holding **144,231 shares** valued at approximately **$4.88 million**.
• Several institutional investors, including **Bayforest Capital** and **TD Asset Management**, increased their stakes, contributing to a positive investor sentiment toward UBS.
• UBS Group's stock received upgrades from multiple analysts, with a consensus rating of **"Moderate Buy"**, indicating optimism about the bank's future performance.

Ritholtz Wealth Management lowered its stake in UBS Group AG (NYSE:UBS - Free Report) by 20.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,231 shares of the bank's stock after selling 37,059 shares during the period. Ritholtz Wealth Management's holdings in UBS Group were worth $4,878,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UBS. Bayforest Capital Ltd bought a new position in UBS Group in the 2nd quarter valued at $765,000. Equitable Trust Co. lifted its stake in shares of UBS Group by 1.5% during the second quarter. Equitable Trust Co. now owns 75,285 shares of the bank's stock valued at $2,546,000 after acquiring an additional 1,136 shares during the period. TD Asset Management Inc lifted its stake in shares of UBS Group by 3.0% during the second quarter. TD Asset Management Inc now owns 1,114,841 shares of the bank's stock valued at $37,607,000 after acquiring an additional 32,968 shares during the period. Yousif Capital Management LLC boosted its holdings in UBS Group by 7.1% in the second quarter. Yousif Capital Management LLC now owns 57,675 shares of the bank's stock valued at $1,951,000 after acquiring an additional 3,825 shares during the last quarter. Finally, Pzena Investment Management LLC increased its position in UBS Group by 5.3% in the second quarter. Pzena Investment Management LLC now owns 30,902,392 shares of the bank's stock worth $1,045,119,000 after purchasing an additional 1,551,567 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen cut shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, September 28th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of UBS Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, UBS Group has a consensus rating of "Moderate Buy".

UBS Group Stock Performance

UBS stock opened at $40.00 on Wednesday. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $42.56. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The firm has a market cap of $128.25 billion, a PE ratio of 21.16, a P/E/G ratio of 0.66 and a beta of 1.18. The business's 50-day moving average price is $40.41 and its two-hundred day moving average price is $35.14.

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

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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