UBS Group AG $UBS Shares Newly Purchased by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group acquired 127,127 UBS Group shares during the third quarter, valued at approximately $6.1 million.
• Several other institutional investors increased or initiated UBS positions, including Assenagon Asset Management, Amundi, Ohio’s public employees’ retirement system, Arrowstreet Capital and Crocodile Capital Partners.
• UBS shares opened at $47.28, while the company’s latest quarterly results slightly missed analyst expectations. Despite mixed ratings, analysts’ consensus view is Hold, with an average price target of $60.30.

Quadrant Capital Group LLC acquired a new stake in UBS Group AG (NYSE:UBS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 127,127 shares of the bank's stock, valued at approximately $6,083,000.

A number of other large investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. lifted its stake in UBS Group by 6,277.5% during the second quarter. Assenagon Asset Management S.A. now owns 16,536,418 shares of the bank's stock worth $821,228,000 after purchasing an additional 16,277,125 shares in the last quarter. Amundi grew its position in UBS Group by 16.9% in the 1st quarter. Amundi now owns 23,294,847 shares of the bank's stock valued at $910,130,000 after acquiring an additional 3,374,516 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in UBS Group in the 2nd quarter valued at about $119,055,000. Arrowstreet Capital Limited Partnership increased its stake in UBS Group by 7.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank's stock worth $728,340,000 after purchasing an additional 1,323,586 shares during the period. Finally, Crocodile Capital Partners GmbH purchased a new stake in UBS Group during the third quarter worth about $56,300,000.

UBS Group Stock Up 0.6%

Shares of NYSE:UBS opened at $47.28 on Wednesday. The company has a market cap of $147.72 billion, a P/E ratio of 16.08, a PEG ratio of 0.71 and a beta of 1.21. UBS Group AG has a 52 week low of $36.29 and a 52 week high of $55.99. The company has a 50-day moving average price of $51.28 and a 200 day moving average price of $49.10.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The business had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.40 billion. During the same period in the prior year, the business earned $0.72 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Analysts expect that UBS Group AG will post 3.59 EPS for the current year.

Analyst Ratings Changes

UBS has been the topic of a number of research reports. Bank of America reiterated a "buy" rating on shares of UBS Group in a report on Tuesday, September 1st. Citigroup restated a "neutral" rating on shares of UBS Group in a research note on Monday, July 20th. Wall Street Zen lowered UBS Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of UBS Group in a research report on Friday, July 31st. Finally, Royal Bank Of Canada reiterated a "buy" rating on shares of UBS Group in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, UBS Group currently has a consensus rating of "Hold" and an average target price of $60.30.

UBS Group Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.

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