Jupiter Asset Management Ltd. Sells 574,844 Shares of UBS Group AG (NYSE:UBS)

Key Points

• Jupiter Asset Management Ltd. reduced its stake in UBS Group AG by 31.1% during the first quarter, now holding approximately 1,275,845 shares valued at $38.7 million.
• Despite recent stock movement, UBS reported earnings of $0.72 per share for the latest quarter, exceeding analyst expectations with revenue reaching $11.55 billion.
• Analyst ratings for UBS Group are mixed, with ratings ranging from sell to strong buy, resulting in an overall average rating of "Moderate Buy".

Jupiter Asset Management Ltd. reduced its holdings in UBS Group AG (NYSE:UBS - Free Report) by 31.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,275,845 shares of the bank's stock after selling 574,844 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in UBS Group were worth $38,748,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its position in shares of UBS Group by 0.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after purchasing an additional 320 shares during the period. HighPoint Advisor Group LLC increased its position in shares of UBS Group by 4.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 7,633 shares of the bank's stock worth $253,000 after purchasing an additional 349 shares in the last quarter. First National Bank of Hutchinson increased its holdings in shares of UBS Group by 3.1% during the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock worth $379,000 after buying an additional 367 shares in the last quarter. Keel Point LLC boosted its holdings in shares of UBS Group by 4.4% in the 4th quarter. Keel Point LLC now owns 9,227 shares of the bank's stock worth $280,000 after acquiring an additional 389 shares in the last quarter. Finally, Berbice Capital Management LLC raised its position 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 purchasing an additional 400 shares during the last quarter.

UBS Group Price Performance

Shares of UBS stock traded up $0.67 on Monday, reaching $37.34. The company's stock had a trading volume of 1,483,574 shares, compared to its average volume of 2,191,306. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $38.42. 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 company has a market capitalization of $119.72 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 0.64 and a beta of 1.18. The stock's fifty day simple moving average is $34.14 and its 200-day simple moving average is $32.73.

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, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $11.55 billion for the quarter, compared to analyst estimates 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 earned $0.34 earnings per share. Analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on UBS. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Wall Street Zen downgraded UBS Group from a "hold" rating to a "sell" rating in a report on Sunday. Finally, Wedbush reiterated a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, UBS Group currently has a consensus rating of "Hold".

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.