Groupe la Francaise boosted its stake in shares of UBS Group AG (NYSE:UBS – Free Report) by 120.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 146,890 shares of the bank’s stock after acquiring an additional 80,342 shares during the period. Groupe la Francaise’s holdings in UBS Group were worth $7,290,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Coppell Advisory Solutions LLC purchased a new stake in shares of UBS Group in the 2nd quarter valued at approximately $25,000. Whipplewood Advisors LLC acquired a new position in shares of UBS Group during the first quarter worth $25,000. First Bancorp Inc ME purchased a new position in UBS Group in the second quarter valued at $32,000. MidFirst Bank acquired a new stake in UBS Group in the fourth quarter valued at $30,000. Finally, Navalign LLC purchased a new stake in UBS Group during the 4th quarter worth about $32,000.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research note on Wednesday, August 5th. Wall Street Zen cut shares of UBS Group from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a report on Friday, July 31st. Finally, Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, UBS Group currently has a consensus rating of “Hold” and an average price target of $60.30.
UBS Group Price Performance
Shares of UBS opened at $55.40 on Tuesday. UBS Group AG has a twelve month low of $36.29 and a twelve month high of $55.99. The stock’s 50 day moving average is $53.08 and its two-hundred day moving average is $46.85. The firm has a market capitalization of $173.07 billion, a PE ratio of 18.84, a P/E/G ratio of 0.83 and a beta of 1.19. The company has a current ratio of 1.02, a quick ratio of 1.19 and a debt-to-equity ratio of 3.84.
UBS Group (NYSE:UBS – Get Free Report) last issued its earnings results on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.40 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. UBS Group’s revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts anticipate that UBS Group AG will post 3.61 earnings per share for the current year.
About UBS Group
UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.
Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.
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