Wellington Management Group LLP Cuts Holdings in UBS Group AG $UBS

Key Points

• Wellington Management Group LLP has reduced its holdings in UBS Group AG by 5.9%, owning approximately 12.16 million shares after selling 760,582 shares in the first quarter.
• UBS Group AG reported earnings of $0.72 per share for the last quarter, surpassing analysts' expectations of $0.70 and generating revenue of $11.55 billion.
• Multiple investment firms have recently altered their ratings on UBS Group, with Jefferies Financial Group upgrading the stock from a "hold" to a "buy" rating, while Morgan Stanley downgraded it from "equal weight" to "underweight."

Wellington Management Group LLP trimmed its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,160,903 shares of the bank's stock after selling 760,582 shares during the period. Wellington Management Group LLP owned about 0.38% of UBS Group worth $369,329,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of UBS Group by 18.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,395 shares of the bank's stock worth $3,810,000 after acquiring an additional 19,229 shares during the period. GAMMA Investing LLC grew its holdings in shares of UBS Group by 2,963.0% in the 1st quarter. GAMMA Investing LLC now owns 25,607 shares of the bank's stock worth $836,000 after acquiring an additional 24,771 shares during the period. Waverly Advisors LLC acquired a new stake in shares of UBS Group in the 4th quarter worth approximately $534,000. Bessemer Group Inc. grew its holdings in shares of UBS Group by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 63,761 shares of the bank's stock worth $1,954,000 after acquiring an additional 4,984 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of UBS Group by 19.0% in the 1st quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank's stock worth $81,000 after acquiring an additional 423 shares during the period.

UBS Group Price Performance

UBS stock opened at $39.67 on Tuesday. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $40.21. The stock's fifty day simple moving average is $35.59 and its 200-day simple moving average is $33.03. 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 capitalization of $127.20 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18.

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 (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. The business had revenue of $11.55 billion for the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter last year, the firm earned $0.34 earnings per share. Equities research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on UBS. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Citigroup reiterated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Morgan Stanley cut UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Zacks Research upgraded UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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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