Cubist Systematic Strategies LLC Boosts Stock Position in UBS Group AG (NYSE:UBS)

Cubist Systematic Strategies LLC increased its stake in UBS Group AG (NYSE:UBS) by 2,887.8% in the second quarter, HoldingsChannel reports. The fund owned 197,013 shares of the bank’s stock after purchasing an additional 190,419 shares during the period. Cubist Systematic Strategies LLC’s holdings in UBS Group were worth $5,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBS. Janney Montgomery Scott LLC lifted its stake in shares of UBS Group by 5.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 24,509 shares of the bank’s stock valued at $757,000 after acquiring an additional 1,354 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of UBS Group in the 4th quarter valued at about $303,000. US Bancorp DE lifted its stake in shares of UBS Group by 17.3% in the 4th quarter. US Bancorp DE now owns 89,097 shares of the bank’s stock valued at $2,753,000 after acquiring an additional 13,122 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in shares of UBS Group in the 4th quarter valued at about $248,000. Finally, Parallel Advisors LLC lifted its stake in shares of UBS Group by 40.0% in the 4th quarter. Parallel Advisors LLC now owns 14,870 shares of the bank’s stock valued at $459,000 after acquiring an additional 4,250 shares during the last quarter.

UBS Group Stock Up 0.1 %

Shares of NYSE:UBS opened at $31.04 on Friday. UBS Group AG has a 52-week low of $23.23 and a 52-week high of $32.13. The firm has a market capitalization of $99.51 billion, a P/E ratio of 3.38 and a beta of 1.15. The stock has a 50 day moving average price of $29.89 and a 200-day moving average price of $30.05. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.22. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. During the same quarter in the prior year, the company earned $1.88 EPS. As a group, equities research analysts anticipate that UBS Group AG will post 1.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UBS shares. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America assumed coverage on UBS Group in a research report on Thursday, September 19th. They set 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 data from MarketBeat, UBS Group presently has a consensus 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.