DekaBank Deutsche Girozentrale Reduces Position in UBS Group AG $UBS

DekaBank Deutsche Girozentrale lessened its holdings in shares of UBS Group AG (NYSE:UBS) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,269,505 shares of the bank’s stock after selling 96,917 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in UBS Group were worth $144,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. TrueMark Investments LLC boosted its stake in shares of UBS Group by 18.3% during the 2nd quarter. TrueMark Investments LLC now owns 75,686 shares of the bank’s stock worth $2,560,000 after acquiring an additional 11,730 shares during the last quarter. First National Bank of Hutchinson lifted its stake in shares of UBS Group by 4.0% during the 2nd quarter. First National Bank of Hutchinson now owns 12,883 shares of the bank’s stock valued at $436,000 after buying an additional 499 shares in the last quarter. Werba Rubin Papier Wealth Management lifted its stake in shares of UBS Group by 4.3% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock valued at $284,000 after buying an additional 347 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of UBS Group by 1.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 4,174,157 shares of the bank’s stock valued at $140,804,000 after buying an additional 41,780 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its stake in shares of UBS Group by 25.4% during the 2nd quarter. Generali Asset Management SPA SGR now owns 1,957,087 shares of the bank’s stock valued at $66,189,000 after buying an additional 396,741 shares in the last quarter.

UBS Group Stock Performance

UBS Group stock opened at $38.33 on Tuesday. The company’s 50-day moving average price is $40.40 and its 200-day moving average price is $35.44. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56. 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 company has a market cap of $122.89 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The firm had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities research analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock 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.