UBS Group AG $UBS Stock Holdings Reduced by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in UBS Group AG by 52.4% during the second quarter, now holding 17,782 shares valued at approximately $603,000.
• Goldman Sachs Group Inc. increased its holdings in UBS by 88.5%, now owning over 37 million shares worth about $1.15 billion.
• UBS Group reported a quarterly EPS of $0.72, exceeding analysts' expectations, with revenue of $11.55 billion compared to the forecasted $9.77 billion.

Allspring Global Investments Holdings LLC lowered its position in UBS Group AG (NYSE:UBS - Free Report) by 52.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,782 shares of the bank's stock after selling 19,536 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in UBS Group were worth $603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UBS. Goldman Sachs Group Inc. grew its stake in 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 in the last quarter. Nuveen LLC purchased a new position in UBS Group in the first quarter valued at about $348,161,000. Banque Cantonale Vaudoise bought a new stake in shares of UBS Group during the 1st quarter worth about $206,885,000. Deutsche Bank AG boosted its stake 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 worth $960,278,000 after acquiring an additional 4,337,005 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group by 8.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock worth $1,688,163,000 after acquiring an additional 4,207,140 shares in the last quarter.

UBS Group Trading Up 0.4%

UBS Group stock opened at $38.21 on Friday. The business has a 50 day moving average price of $40.30 and a two-hundred day moving average price of $35.55. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a market cap of $122.52 billion, a price-to-earnings 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 posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating the consensus estimate 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 return on equity of 7.17% and a net margin of 9.21%.During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, equities analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on UBS. Wall Street Zen downgraded UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, September 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of UBS Group in a research note on Wednesday, October 8th. Morgan Stanley reiterated an "underweight" rating on shares of UBS Group in a research note on Monday, October 6th. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average 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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