Russell Investments Group Ltd. Has $237.05 Million Stock Position in UBS Group AG (NYSE:UBS)

Key Points

• Russell Investments Group Ltd. increased its stake in UBS Group AG by 38.6%, holding approximately 7.8 million shares worth $237 million.
• UBS Group's most recent quarterly earnings showed an EPS of $0.72, surpassing estimates, with revenue of $11.55 billion.
• Analyst ratings are mixed, with a consensus rating of "Hold", including two sell ratings, four hold ratings, five buy ratings, and one strong buy rating.

Russell Investments Group Ltd. raised its position in UBS Group AG (NYSE:UBS - Free Report) by 38.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,802,029 shares of the bank's stock after purchasing an additional 2,174,366 shares during the quarter. Russell Investments Group Ltd. owned 0.24% of UBS Group worth $237,050,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. City Holding Co. bought a new position in UBS Group in the first quarter valued at about $25,000. Grove Bank & Trust bought a new position in UBS Group in the first quarter valued at about $28,000. Berbice Capital Management LLC raised its position in UBS Group by 44.4% in the first 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. Rakuten Securities Inc. raised its position in UBS Group by 45.9% in the first 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. Finally, Continuum Advisory LLC raised its position in UBS Group by 31.1% in the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after purchasing an additional 477 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on UBS. Wall Street Zen cut UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Finally, Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

UBS Group Trading Up 0.3%

NYSE UBS traded up $0.10 during trading hours on Wednesday, hitting $39.65. 1,342,634 shares of the company's stock were exchanged, compared to its average volume of 2,181,863. The stock has a 50-day simple moving average of $35.19 and a 200 day simple moving average of $32.98. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $39.71. The firm has a market cap of $127.13 billion, a price-to-earnings ratio of 20.98, a PEG 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.

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