Zurich Insurance Group Ltd FI Reduces Holdings in UBS Group AG $UBS

Key Points

• Zurich Insurance Group Ltd FI reduced its stake in UBS Group AG by 5.5%, ending the first quarter with a total of 808,482 shares. The current value of their holdings stands at $24,579,000.
• Several hedge funds have recently increased their stakes in UBS Group, with notable increases from Berbice Capital Management LLC and Rakuten Securities Inc., reflecting growing institutional interest in the company.
• UBS Group reported strong quarterly results, exceeding consensus estimates with $11.55 billion in revenue and $0.72 EPS, impacting analyst ratings which show a consensus rating of "Moderate Buy".

Zurich Insurance Group Ltd FI trimmed its stake in UBS Group AG (NYSE:UBS - Free Report) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 808,482 shares of the bank's stock after selling 46,703 shares during the period. Zurich Insurance Group Ltd FI's holdings in UBS Group were worth $24,579,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. City Holding Co. purchased a new position in shares of UBS Group in the 1st quarter valued at $25,000. Grove Bank & Trust purchased a new position in UBS Group during the 1st quarter worth $28,000. Quarry LP purchased a new position in UBS Group during the 1st quarter worth $37,000. Berbice Capital Management LLC grew its position in UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after purchasing an additional 400 shares during the last quarter. Finally, Rakuten Securities Inc. grew its position in UBS Group by 45.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after purchasing an additional 461 shares during the last quarter.

UBS Group Stock Up 0.5%

UBS stock opened at $40.55 on Tuesday. UBS Group AG has a one year low of $25.75 and a one year high of $40.90. The stock has a market capitalization of $130.00 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The company has a fifty day moving average of $38.02 and a 200-day moving average of $33.73.

UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter last year, the business earned $0.34 EPS. As a group, analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UBS. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

UBS Group 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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