UBS Group AG $UBS Holdings Cut by Dodge & Cox

Key Points

• Dodge & Cox has reduced its stake in UBS Group AG by 1.2%, selling 888,250 shares, leaving it with approximately 2.26% of the company valued at $2.22 billion.
• Multiple analysts have updated their ratings on UBS, with Morgan Stanley downgrading the stock to "underweight" and Jefferies upgrading it to "buy," indicating mixed sentiment among experts.
• UBS Group reported a strong quarterly performance, with an earnings per share (EPS) of $0.72, surpassing analysts' estimates and resulting in revenue of $11.55 billion greatly exceeding the expected $9.77 billion.

Dodge & Cox decreased its stake in UBS Group AG (NYSE:UBS - Free Report) by 1.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,608,792 shares of the bank's stock after selling 888,250 shares during the quarter. Dodge & Cox owned approximately 2.26% of UBS Group worth $2,224,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. City Holding Co. purchased a new stake in UBS Group in the 1st quarter worth approximately $25,000. Grove Bank & Trust bought a new position in shares of UBS Group during the 1st quarter valued at $28,000. Berbice Capital Management LLC raised its holdings in shares of 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 in the last quarter. Rakuten Securities Inc. raised its holdings in shares of 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 in the last quarter. Finally, Continuum Advisory LLC raised its holdings in shares of UBS Group by 31.1% during the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after purchasing an additional 477 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UBS. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Jefferies Financial Group upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Finally, Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

UBS Group Stock Up 2.2%

Shares of NYSE UBS opened at $40.3550 on Friday. The stock has a market cap of $129.40 billion, a P/E ratio of 21.35, a P/E/G ratio of 0.69 and a beta of 1.18. The firm has a 50 day moving average price of $36.18 and a 200 day moving average price of $33.21. 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 $40.42.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion during 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 in the previous year, the company earned $0.34 earnings per share. Analysts expect that UBS Group AG will post 1.9 EPS for the current year.

About UBS Group

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.

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