UBS Group AG $UBS Stock Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its UBS Group stake by 43.4% in the third quarter, purchasing 7.18 million additional shares and ending with a position worth approximately $1.14 billion.
• UBS shares opened at $47.78, with the stock valued at a market capitalization of about $149.3 billion. The bank’s latest quarterly results missed analyst estimates slightly, reporting $0.87 in earnings per share and $13.35 billion in revenue.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $60.30; several firms maintain Buy ratings, while others have issued Hold or Sell recommendations.

Assenagon Asset Management S.A. grew its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 43.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,716,879 shares of the bank's stock after buying an additional 7,180,461 shares during the quarter. UBS Group accounts for about 0.8% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 18th biggest position. Assenagon Asset Management S.A. owned 0.76% of UBS Group worth $1,144,417,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBS. Amundi boosted its holdings in UBS Group by 16.9% during 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 during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of UBS Group by 7.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank's stock valued at $728,340,000 after purchasing an additional 1,323,586 shares during the period. Ninety One UK Ltd grew its holdings in shares of UBS Group by 4.7% in the third quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank's stock worth $360,437,000 after purchasing an additional 336,264 shares during the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of UBS Group by 6.0% in the first quarter. Banque Cantonale Vaudoise now owns 7,141,370 shares of the bank's stock worth $273,109,000 after purchasing an additional 402,440 shares during the last quarter. Finally, WCM Investment Management LLC increased its stake in UBS Group by 12.3% in the 1st quarter. WCM Investment Management LLC now owns 5,850,200 shares of the bank's stock worth $214,527,000 after buying an additional 639,111 shares during the period.

UBS Group Trading Up 1.3%

Shares of UBS Group stock opened at $47.78 on Friday. The firm has a market cap of $149.28 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.71 and a beta of 1.21. UBS Group AG has a 12 month low of $36.29 and a 12 month high of $55.99. The stock's fifty day moving average price is $51.67 and its 200-day moving average price is $48.92.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The bank reported $0.87 earnings per share 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 firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.40 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The business's revenue was up 13.2% compared to the same quarter last year. Analysts forecast that UBS Group AG will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

UBS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research report on Monday, June 29th. Bank of America reaffirmed a "buy" rating on shares of UBS Group in a research note on Tuesday, September 1st. JPMorgan Chase & Co. reiterated a "buy" rating on shares of UBS Group in a report on Wednesday, September 23rd. Keefe, Bruyette & Woods lowered UBS Group from a "hold" rating to a "moderate sell" rating in a report on Friday, June 19th. Finally, Morgan Stanley reissued an "underweight" rating on shares of UBS Group in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.30.

Key Headlines Impacting UBS Group

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: Switzerland’s top court overturned a lower-court decision involving bonuses withheld from former Credit Suisse bankers after UBS’s takeover. The ruling supports UBS and the government’s position, potentially limiting compensation-related liabilities from the integration. Credit Suisse bankers denied bonuses stripped after UBS takeover
• Neutral Sentiment: UBS is reportedly considering options including moving its headquarters outside Switzerland or merging with another bank if proposed capital rules become more demanding. The comments highlight UBS’s efforts to manage regulatory costs, but the potential relocation or merger also introduces substantial execution and political uncertainty. UBS mulls options including shifting headquarters, merger with another bank
• Neutral Sentiment: UBS extended its forecast for the Federal Reserve’s tightening cycle and now expects a March rate increase following an inflation surprise. The view could affect market expectations for rates, funding costs and trading conditions, but it is a macroeconomic forecast rather than a change to UBS’s own operations. UBS extends Fed tightening cycle forecast
• Neutral Sentiment: Glencore repurchased and canceled 2.64 million shares from UBS in an off-market transaction. The deal appears to be routine execution of a client share buyback rather than a material earnings catalyst for UBS. Glencore cancels shares in ongoing buyback from UBS
• Negative Sentiment: BNP Paribas hired dealmakers from Santander and UBS to expand its U.K. mergers-and-acquisitions advisory team. The departures could modestly increase competitive pressure and raise concerns about retaining UBS investment-banking talent. BNP Paribas hires UBS dealmakers
• Negative Sentiment: Erste Group Bank made marginal cuts to its UBS earnings forecasts, lowering estimates to $3.66 per share for fiscal 2026 and $4.29 for fiscal 2027. Although both remain above the broader current-year consensus of $3.59, the revisions signal slightly softer expectations.

UBS Group Company Profile

UBS Group AG NYSE: UBS is a Switzerland-based global financial services company serving private, institutional and corporate clients. Its principal businesses include wealth management, asset management, investment banking, and personal and corporate banking in Switzerland.

Through its wealth management business, UBS provides investment advice, portfolio management, lending, estate planning and other financial solutions to high-net-worth and ultra-high-net-worth individuals and families.

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