AMF Tjanstepension AB Purchases 366,928 Shares of UBS Group AG (NYSE:UBS)

Key Points

• AMF Tjanstepension AB significantly increased its stake in UBS Group AG by 140.1%, acquiring an additional 366,928 shares, bringing its total holdings to 628,870 shares valued at approximately $19.11 million.
• A variety of hedge funds, including Wealth Enhancement Advisory Services LLC and GAMMA Investing LLC, also expanded their investments in UBS, reflecting heightened interest in the banking stock during the first quarter of the year.
• UBS Group reported an earnings per share (EPS) of $0.72 for the quarter, exceeding analyst expectations of $0.70, along with a revenue of $11.55 billion, significantly surpassing consensus estimates.

AMF Tjanstepension AB lifted its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 140.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 628,870 shares of the bank's stock after buying an additional 366,928 shares during the quarter. AMF Tjanstepension AB's holdings in UBS Group were worth $19,110,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. City Holding Co. bought a new position in UBS Group in the 1st quarter valued at about $25,000. Grove Bank & Trust bought a new position in UBS Group in the 1st quarter valued at about $28,000. Berbice Capital Management LLC increased its holdings 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 buying an additional 400 shares during the period. Rakuten Securities Inc. increased its holdings in UBS Group by 45.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after buying an additional 461 shares during the period. Finally, Continuum Advisory LLC increased its holdings in UBS Group by 31.1% in the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after buying an additional 477 shares during the period.

UBS Group Price Performance

Shares of UBS Group stock traded up $0.60 on Friday, reaching $39.54. The stock had a trading volume of 1,744,669 shares, compared to its average volume of 2,034,843. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $39.71. The company has a market cap of $126.78 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. 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 business's 50 day moving average is $34.79 and its two-hundred day moving average is $32.88.

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 for the quarter, beating 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 firm had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, research analysts anticipate that UBS Group AG will post 1.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBS. Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.