Tidal Investments LLC purchased a new stake in UBS Group AG (NYSE:UBS – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 167,457 shares of the bank’s stock, valued at approximately $8,299,000.
A number of other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new position in UBS Group in the 4th quarter valued at approximately $4,889,413,000. Fisher Asset Management LLC lifted its position in shares of UBS Group by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock worth $2,968,807,000 after acquiring an additional 2,938,827 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of UBS Group by 19.1% in the fourth quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank’s stock worth $1,371,044,000 after acquiring an additional 4,744,982 shares during the period. Legal & General Group Plc boosted its holdings in shares of UBS Group by 0.9% in the fourth quarter. Legal & General Group Plc now owns 23,611,119 shares of the bank’s stock worth $1,101,502,000 after acquiring an additional 207,752 shares during the period. Finally, Amundi grew its position in shares of UBS Group by 16.9% in the first quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after purchasing an additional 3,374,516 shares in the last quarter.
Key Stories Impacting UBS Group
Here are the key news stories impacting UBS Group this week:
- Positive Sentiment: UBS accepted approximately $7.93 billion of Credit Suisse-related and other senior notes through nine concurrent cash tender offers. The bank increased the maximum purchase consideration from $4 billion to $5.85 billion, with settlement scheduled for September 14. The transaction may reduce future interest expense and simplify UBS’s post-Credit Suisse balance sheet, although it also deploys substantial cash. UBS Group stock rebounds as notes are accepted
- Positive Sentiment: Erste Group Bank slightly raised its FY2027 UBS earnings-per-share forecast to $4.30 from $4.29. While the increase is limited, the estimate remains above the broader current-year consensus of $3.62 and supports the view that earnings could improve as integration benefits and cost efficiencies emerge. UBS earnings estimate update
- Neutral Sentiment: CEO Sergio Ermotti said investors appear complacent despite increasing geopolitical and economic risks. The comments highlight potential market and macroeconomic risks for UBS’s investment-banking, wealth-management and trading businesses, but do not represent a company-specific earnings warning. UBS CEO warns of investor complacency
- Neutral Sentiment: Management continues to emphasize execution on the final stage of UBS’s Credit Suisse integration. Investors are likely watching for evidence that the integration delivers targeted cost savings while limiting operational disruption. UBS Credit Suisse integration update
UBS Group Stock Performance
UBS Group (NYSE:UBS – Get Free Report) last posted 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). The company had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.40 billion. UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.72 earnings per share. As a group, equities analysts forecast that UBS Group AG will post 3.84 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on UBS. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Wednesday, September 2nd. Wall Street Zen downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, June 19th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UBS Group in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, UBS Group presently has a consensus rating of “Hold” and an average target price of $60.30.
Read Our Latest Analysis on UBS
UBS Group Profile
UBS Group AG is a Switzerland-based global financial services company serving individuals, businesses, institutional investors and governments. Its principal businesses include wealth management, personal and corporate banking, asset management and investment banking.
Through its Global Wealth Management business, UBS provides investment advice, portfolio management, financial planning, lending and other services to private and institutional clients. Its Personal and Corporate Banking operations offer deposit, lending, payment and other banking services, primarily in Switzerland.
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