UBS Group AG $UBS Shares Sold by Platinum Investment Management Ltd.

Key Points

• Platinum Investment Management Ltd. decreased its stake in UBS Group AG by 35.9% during the 2nd quarter, selling over 1.5 million shares and retaining 2.78 million shares valued at approximately $93.7 million.
• Goldman Sachs significantly increased its position in UBS Group by 88.5% in the first quarter, now holding 37.65 million shares worth over $1.15 billion.
• UBS Group reported $0.72 earnings per share for the last quarter, exceeding analyst expectations of $0.70 and generating revenue of $11.55 billion compared to an estimated $9.77 billion.

Platinum Investment Management Ltd. reduced its holdings in UBS Group AG (NYSE:UBS - Free Report) by 35.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,778,489 shares of the bank's stock after selling 1,558,307 shares during the quarter. UBS Group comprises 6.2% of Platinum Investment Management Ltd.'s investment portfolio, making the stock its 2nd biggest holding. Platinum Investment Management Ltd. owned 0.09% of UBS Group worth $93,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UBS. Goldman Sachs Group Inc. lifted its stake in shares of UBS Group by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock valued at $1,153,354,000 after purchasing an additional 17,676,829 shares during the period. Nuveen LLC acquired a new stake in shares of UBS Group during the 1st quarter valued at approximately $348,161,000. Banque Cantonale Vaudoise acquired a new stake in shares of UBS Group during the 1st quarter valued at approximately $206,885,000. Deutsche Bank AG lifted its position in shares of UBS Group by 16.1% during the 1st quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank's stock valued at $960,278,000 after acquiring an additional 4,337,005 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in UBS Group by 8.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock worth $1,688,163,000 after purchasing an additional 4,207,140 shares during the last quarter.

UBS Group Trading Down 1.4%

Shares of UBS stock opened at $40.42 on Thursday. The firm has a 50-day moving average price of $39.91 and a 200 day moving average price of $34.65. 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 market capitalization of $129.60 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 0.70 and a beta of 1.18. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating 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 business posted $0.34 earnings per share. Research analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen cut UBS Group from a "hold" rating to a "sell" rating in a report on Sunday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Zacks Research upgraded shares of UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Morgan Stanley cut shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

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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