UBS Group AG $UBS Shares Acquired by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. significantly increased its stake in UBS Group AG by 354.9% during the second quarter, now holding 30,923 shares valued at approximately $1,046,000.
• UBS Group reported earnings per share of $0.72, exceeding analysts' expectations of $0.70, with revenues of $11.55 billion for the quarter.
• The stock has a consensus rating of “Moderate Buy”, with two analysts giving it a "Strong Buy," while one has rated it a "Sell."

Cullen Frost Bankers Inc. increased its stake in UBS Group AG (NYSE:UBS - Free Report) by 354.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,923 shares of the bank's stock after acquiring an additional 24,125 shares during the period. Cullen Frost Bankers Inc.'s holdings in UBS Group were worth $1,046,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UBS. Wealth Enhancement Advisory Services LLC raised its holdings in UBS Group by 18.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,395 shares of the bank's stock valued at $3,810,000 after buying an additional 19,229 shares during the period. Bessemer Group Inc. raised its holdings in UBS Group by 8.5% in the first quarter. Bessemer Group Inc. now owns 63,761 shares of the bank's stock valued at $1,954,000 after buying an additional 4,984 shares during the period. Golden State Wealth Management LLC raised its holdings in UBS Group by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 8,144 shares of the bank's stock valued at $249,000 after buying an additional 4,072 shares during the period. Perigon Wealth Management LLC raised its holdings in UBS Group by 5.1% in the first quarter. Perigon Wealth Management LLC now owns 12,509 shares of the bank's stock valued at $383,000 after buying an additional 602 shares during the period. Finally, Value Partners Investments Inc. purchased a new position in UBS Group in the first quarter valued at approximately $8,000,000.

UBS Group Stock Up 0.4%

Shares of NYSE:UBS opened at $38.21 on Friday. 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 fifty day simple moving average of $40.30 and a 200 day simple moving average of $35.55. The firm has a market cap of $122.52 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $42.56.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on UBS shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Morgan Stanley reiterated an "underweight" rating on shares of UBS Group in a research note on Monday, October 6th. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, September 28th. Finally, Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

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.

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