Bellecapital International Ltd. grew its position in shares of UBS Group AG (NYSE:UBS) by 117.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,995 shares of the bank’s stock after purchasing an additional 30,800 shares during the quarter. Bellecapital International Ltd.’s holdings in UBS Group were worth $677,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Covenant Multifamily Offices LLC purchased a new stake in UBS Group in the 1st quarter worth approximately $38,000. Enterprise Financial Services Corp lifted its stake in shares of UBS Group by 33.1% in the 1st quarter. Enterprise Financial Services Corp now owns 4,088 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,016 shares during the period. Citizens Financial Group Inc RI lifted its stake in shares of UBS Group by 71.7% in the 1st quarter. Citizens Financial Group Inc RI now owns 4,101 shares of the bank’s stock valued at $50,000 after purchasing an additional 1,713 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of UBS Group by 711.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 4,242 shares of the bank’s stock valued at $51,000 after purchasing an additional 3,719 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of UBS Group by 22.0% in the 1st quarter. Parallel Advisors LLC now owns 5,093 shares of the bank’s stock valued at $62,000 after purchasing an additional 919 shares during the period. Hedge funds and other institutional investors own 30.28% of the company’s stock.
A number of research analysts recently weighed in on UBS shares. Zacks Investment Research lowered UBS Group from a “hold” rating to a “sell” rating and set a $10.00 price objective for the company. in a research report on Monday, July 15th. Berenberg Bank reaffirmed a “buy” rating and set a $15.00 price objective on shares of UBS Group in a research report on Friday, August 2nd. Societe Generale lowered UBS Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, FIG Partners lowered UBS Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.50.
UBS Group (NYSE:UBS) last released its earnings results on Tuesday, July 23rd. The bank reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. UBS Group had a return on equity of 8.07% and a net margin of 14.20%. The company had revenue of $5.61 billion for the quarter. On average, sell-side analysts forecast that UBS Group AG will post 1.24 EPS for the current year.
About UBS Group
UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.
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