Brandes Investment Partners LP Sells 52,807 Shares of UBS Group AG $UBS

Brandes Investment Partners LP trimmed its position in UBS Group AG (NYSE:UBS) by 3.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,372,632 shares of the bank’s stock after selling 52,807 shares during the period. Brandes Investment Partners LP’s holdings in UBS Group were worth $63,567,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of UBS. AQR Capital Management LLC boosted its holdings in shares of UBS Group by 73.9% during the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock valued at $1,927,000 after acquiring an additional 26,728 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of UBS Group by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock valued at $137,000 after acquiring an additional 708 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of UBS Group by 3.1% during the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after acquiring an additional 1,267 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of UBS Group by 11.6% during the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock valued at $432,000 after acquiring an additional 1,469 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after acquiring an additional 573 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Wednesday, May 13th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Finally, Weiss Ratings downgraded UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UBS Group has a consensus rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Up 1.2%

Shares of NYSE:UBS opened at $47.85 on Wednesday. The firm has a market cap of $149.47 billion, a P/E ratio of 17.15, a P/E/G ratio of 0.81 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. UBS Group AG has a 12-month low of $30.36 and a 12-month high of $49.36. The business has a fifty day simple moving average of $44.12 and a 200 day simple moving average of $43.26.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. UBS Group had a return on equity of 10.05% and a net margin of 12.66%. Analysts predict that UBS Group AG will post 3.25 earnings per share for the current year.

Key Stories Impacting UBS Group

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: Swiss lawmakers are reportedly weighing a compromise that could soften UBS’s capital requirements, potentially reducing the amount of extra capital the bank may need to hold and easing a major overhang on the stock. Exclusive: Swiss lawmakers consider fresh compromise for UBS capital rules, sources say
• Positive Sentiment: UBS Wealth Management US announced multiple advisors in California, Hawaii, and Phoenix were named to Barron’s Top 1,500 Financial Advisors list, reinforcing the strength of UBS’s advisory business and brand in wealth management. Three UBS advisors in California and Hawaii Named to Barron’s Top 1,500 Financial Advisors list
• Positive Sentiment: Six UBS advisors in Phoenix were also recognized by Barron’s, adding to the view that UBS continues to attract and retain top talent in a fee-generating business that is important to investor confidence. Six UBS advisors in Phoenix named to Barron’s Top 1,500 Financial Advisors list
• Neutral Sentiment: Reports also said UBS is reducing Asia ESG staff as part of a broader global restructuring, which looks more like cost-cutting and reorganization than a direct catalyst for earnings.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.