Exane Asset Management Acquires 123,308 Shares of UBS Group AG (NYSE:UBS)

Exane Asset Management boosted its holdings in UBS Group AG (NYSE:UBS) by 121.5% in the second quarter, Holdings Channel reports. The firm owned 224,773 shares of the bank’s stock after purchasing an additional 123,308 shares during the quarter. UBS Group comprises about 4.6% of Exane Asset Management’s holdings, making the stock its 8th biggest position. Exane Asset Management’s holdings in UBS Group were worth $6,615,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBS. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in UBS Group by 5.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,240,888 shares of the bank’s stock worth $410,692,000 after acquiring an additional 663,673 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of UBS Group by 82.2% in the first quarter. Commonwealth Equity Services LLC now owns 63,148 shares of the bank’s stock valued at $1,940,000 after buying an additional 28,494 shares in the last quarter. M&G Plc bought a new position in shares of UBS Group in the first quarter valued at $173,678,000. O Shaughnessy Asset Management LLC raised its position in UBS Group by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 496,213 shares of the bank’s stock worth $15,246,000 after acquiring an additional 40,911 shares in the last quarter. Finally, Norden Group LLC bought a new stake in shares of UBS Group in the 1st quarter valued at about $806,000.

UBS Group Stock Performance

UBS opened at $29.02 on Tuesday. UBS Group AG has a 52-week low of $23.23 and a 52-week high of $32.13. The business’s fifty day moving average is $30.10 and its 200-day moving average is $29.98. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $93.05 billion, a P/E ratio of 3.16 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate of $0.12 by $0.22. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period in the previous year, the company earned $1.88 EPS. Sell-side analysts expect that UBS Group AG will post 1.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.