Point72 Asset Management L.P. Invests $189,000 in UBS Group AG (NYSE:UBS)

Point72 Asset Management L.P. purchased a new stake in shares of UBS Group AG (NYSE:UBS) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,400 shares of the bank’s stock, valued at approximately $189,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc increased its position in UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after acquiring an additional 41,027,134 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of UBS Group by 6.8% in the 4th quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock valued at $3,522,067,000 after buying an additional 7,249,527 shares during the last quarter. M&G Plc bought a new position in shares of UBS Group in the 1st quarter valued at about $173,678,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after buying an additional 5,508,422 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of UBS Group by 72.7% in the first quarter. Acadian Asset Management LLC now owns 8,130,150 shares of the bank’s stock valued at $250,360,000 after purchasing an additional 3,421,396 shares during the period.

UBS Group Stock Up 0.8 %

Shares of NYSE:UBS opened at $30.89 on Friday. The business has a fifty day simple moving average of $29.93 and a 200 day simple moving average of $30.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. UBS Group AG has a 12-month low of $23.23 and a 12-month high of $32.13. The firm has a market cap of $99.05 billion, a P/E ratio of 3.36 and a beta of 1.15.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the prior year, the business earned $1.88 EPS. Analysts predict that UBS Group AG will post 1.36 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on UBS shares. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America assumed coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, UBS Group has an average rating of “Hold”.

UBS Group Company Profile

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.