Oppenheimer Asset Management Inc. Grows Position in UBS Group AG $UBS

Oppenheimer Asset Management Inc. grew its stake in shares of UBS Group AG (NYSE:UBS) by 14.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,795 shares of the bank’s stock after acquiring an additional 2,568 shares during the period. Oppenheimer Asset Management Inc.’s holdings in UBS Group were worth $669,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Crocodile Capital Partners GmbH lifted its holdings in shares of UBS Group by 74.6% in the second quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank’s stock worth $33,651,000 after buying an additional 425,000 shares in the last quarter. TrueMark Investments LLC raised its position in shares of UBS Group by 18.3% during the 2nd quarter. TrueMark Investments LLC now owns 75,686 shares of the bank’s stock valued at $2,560,000 after buying an additional 11,730 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of UBS Group during the 1st quarter valued at $639,000. Assenagon Asset Management S.A. raised its position in shares of UBS Group by 7.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 217,715 shares of the bank’s stock valued at $7,344,000 after buying an additional 15,042 shares in the last quarter. Finally, Callan Family Office LLC raised its position in UBS Group by 150.7% during the second quarter. Callan Family Office LLC now owns 57,031 shares of the bank’s stock valued at $1,929,000 after purchasing an additional 34,278 shares in the last quarter.

UBS Group Stock Performance

UBS Group stock opened at $38.36 on Friday. The stock’s 50 day moving average is $40.13 and its 200 day moving average is $36.11. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $123.00 billion, a P/E ratio of 17.28, a PEG ratio of 0.66 and a beta of 1.18.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The firm had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on UBS shares. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research raised shares of UBS Group to a “strong-buy” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, UBS Group presently has a consensus rating of “Moderate Buy”.

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.