UBS Group AG $UBS Shares Purchased by Groupama Asset Managment

Key Points

• Groupama Asset Management increased its stake in UBS Group AG by 30.7%, acquiring an additional 35,071 shares worth approximately $4.18 million during the first quarter.
• Several analysts have recently upgraded their ratings for UBS Group, with DZ Bank and Zacks Research both issuing "strong-buy" ratings, while overall the stock holds an average rating of "Moderate Buy".
• UBS Group reported earnings of $0.72 per share for its latest quarter, surpassing analyst expectations, with revenue of $11.55 billion compared to a forecast of $9.77 billion.

Groupama Asset Managment raised its holdings in UBS Group AG (NYSE:UBS - Free Report) by 30.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,434 shares of the bank's stock after buying an additional 35,071 shares during the quarter. Groupama Asset Managment's holdings in UBS Group were worth $4,175,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Legacy Financial Advisors Inc. boosted its position in shares of UBS Group by 17.7% in the first quarter. Legacy Financial Advisors Inc. now owns 12,496 shares of the bank's stock worth $383,000 after acquiring an additional 1,877 shares during the last quarter. Northern Trust Corp raised its stake in UBS Group by 4.4% during the first quarter. Northern Trust Corp now owns 4,291,663 shares of the bank's stock worth $131,454,000 after purchasing an additional 181,551 shares during the period. Summit Securities Group LLC purchased a new position in UBS Group during the first quarter worth approximately $365,000. Corient IA LLC acquired a new position in shares of UBS Group in the 1st quarter valued at $613,000. Finally, American Century Companies Inc. grew its stake in shares of UBS Group by 7.3% during the 1st quarter. American Century Companies Inc. now owns 1,235,015 shares of the bank's stock valued at $37,829,000 after buying an additional 83,794 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UBS shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Zacks Research upgraded UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Morgan Stanley cut UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Finally, Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

UBS Group Stock Performance

Shares of NYSE:UBS opened at $39.5450 on Wednesday. The business's 50-day simple moving average is $35.74 and its 200 day simple moving average is $33.08. The company has a market cap of $126.80 billion, a P/E ratio of 20.92, a PEG ratio of 0.70 and a beta of 1.18. 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 one year low of $25.75 and a one year high of $40.21.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping 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 analysts' expectations of $9.77 billion. During the same quarter in the prior year, the business earned $0.34 EPS. On average, sell-side analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal 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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