Trust Point Inc. Takes $218,000 Position in UBS Group AG $UBS

Key Points

• Trust Point Inc. made a new investment in UBS Group AG, acquiring 6,437 shares valued at approximately $218,000 during the second quarter.
• UBS Group recently reported earnings of $0.72 EPS, surpassing analysts’ expectations of $0.70 and generating $11.55 billion in revenue for the quarter.
• Recent analyst upgrades have improved UBS Group's ratings, with Jefferies Financial Group and Zacks Research both recommending a "strong-buy" rating.

Trust Point Inc. acquired a new stake in shares of UBS Group AG (NYSE:UBS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,437 shares of the bank's stock, valued at approximately $218,000.

Other hedge funds have also bought and sold shares of the company. City Holding Co. purchased a new position in UBS Group during the first quarter worth about $25,000. Grove Bank & Trust purchased a new stake in shares of UBS Group in the 1st quarter worth approximately $28,000. Quarry LP purchased a new stake in shares of UBS Group in the 1st quarter worth approximately $37,000. Berbice Capital Management LLC boosted its stake 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 purchasing an additional 400 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its stake in UBS Group by 45.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after purchasing an additional 461 shares during the last quarter.

UBS Group Price Performance

UBS stock traded up $0.74 during mid-day trading on Friday, reaching $42.27. The company's stock had a trading volume of 1,765,398 shares, compared to its average volume of 1,481,928. The stock has a market cap of $135.54 billion, a PE ratio of 22.37, a P/E/G ratio of 0.72 and a beta of 1.21. 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 fifty-two week low of $25.75 and a fifty-two week high of $42.38. The company's 50 day moving average is $39.12 and its two-hundred day moving average is $34.19.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Finally, Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued 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, the company currently has an average rating of "Moderate Buy".

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.