Sunpointe LLC Invests $208,000 in UBS Group AG $UBS

Key Points

• Sunpointe LLC has made a new investment of approximately $208,000 in UBS Group AG, acquiring 6,164 shares during the second quarter.
• UBS Group AG reported better-than-expected quarterly earnings, with $0.72 earnings per share, surpassing analysts' estimates of $0.70 and generating $11.55 billion in revenue.
• Analyst ratings are largely positive, with two analysts giving UBS a Strong Buy rating, while the consensus rating is categorized as Moderate Buy.

Sunpointe LLC acquired a new stake in shares of UBS Group AG (NYSE:UBS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,164 shares of the bank's stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also bought and sold shares of UBS. Focus Partners Wealth increased its stake in UBS Group by 28.1% during the 4th quarter. Focus Partners Wealth now owns 12,642 shares of the bank's stock valued at $393,000 after purchasing an additional 2,772 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of UBS Group by 62.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,810 shares of the bank's stock valued at $117,000 after acquiring an additional 1,463 shares during the last quarter. Zurich Insurance Group Ltd FI boosted its holdings in shares of UBS Group by 44.6% during the 4th quarter. Zurich Insurance Group Ltd FI now owns 855,185 shares of the bank's stock valued at $26,169,000 after acquiring an additional 263,900 shares during the last quarter. Waverly Advisors LLC purchased a new stake in shares of UBS Group during the 4th quarter valued at about $534,000. Finally, USS Investment Management Ltd boosted its holdings in shares of UBS Group by 2.6% during the 4th quarter. USS Investment Management Ltd now owns 516,617 shares of the bank's stock valued at $15,769,000 after acquiring an additional 13,247 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Morgan Stanley downgraded 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 report on Tuesday, July 22nd. Wedbush reissued a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Finally, Wall Street Zen raised shares of UBS Group from a "sell" rating to a "hold" rating in a report on Saturday. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, UBS Group currently has an average rating of "Moderate Buy".

UBS Group Price Performance

Shares of UBS Group stock traded up $0.74 on Friday, hitting $42.27. 1,765,398 shares of the company traded hands, compared to its average volume of 1,460,320. The stock has a market capitalization of $135.54 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.38. The business has a 50-day simple moving average of $39.12 and a 200 day simple moving average of $34.18.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion for 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 quarter last year, the business posted $0.34 earnings per share. 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.