Andra AP fonden Sells 76,032 Shares of UBS Group AG $UBS

Andra AP fonden cut its stake in shares of UBS Group AG (NYSE:UBS) by 17.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 366,087 shares of the bank’s stock after selling 76,032 shares during the period. Andra AP fonden’s holdings in UBS Group were worth $18,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tidal Investments LLC purchased a new position in UBS Group in the second quarter worth $8,299,000. NewEdge Advisors LLC lifted its position in UBS Group by 5.5% in the 2nd quarter. NewEdge Advisors LLC now owns 50,288 shares of the bank’s stock worth $2,492,000 after buying an additional 2,611 shares during the last quarter. West Family Investments Inc. boosted its stake in UBS Group by 72.8% in the second quarter. West Family Investments Inc. now owns 9,606 shares of the bank’s stock worth $476,000 after buying an additional 4,048 shares in the last quarter. Waverly Advisors LLC grew its position in UBS Group by 4.9% during the second quarter. Waverly Advisors LLC now owns 17,093 shares of the bank’s stock valued at $847,000 after acquiring an additional 803 shares during the last quarter. Finally, Groupe la Francaise raised its stake in shares of UBS Group by 120.7% during the second quarter. Groupe la Francaise now owns 146,890 shares of the bank’s stock worth $7,290,000 after acquiring an additional 80,342 shares in the last quarter.

Key UBS Group News

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

• Positive Sentiment: UBS reached an agreement to resolve a legacy Dutch legal case involving Credit Suisse. The settlement could reduce litigation uncertainty and future costs, although financial terms were not disclosed. UBS Reaches Agreement in Legacy Dutch Credit Suisse Case
• Positive Sentiment: CEO Sergio Ermotti said third-quarter wealth-management activity is showing “good momentum,” offering reassurance about a key UBS growth and fee-generating business. UBS CEO Says Q3 Wealth Management Seeing Good Momentum
• Neutral Sentiment: UBS disclosed changes in holdings of Lindian Resources, Elsight and Azelis Group. These portfolio-related transparency filings appear routine and are unlikely to materially affect UBS earnings. UBS Group AG Shareholding Updates
• Neutral Sentiment: UBS research raised its price target for Indian e-commerce company Meesho, highlighting stronger growth and improving unit economics. The call may support UBS’s research franchise but has little direct impact on UBS’s financial results. UBS Raises Meesho Target Price
• Negative Sentiment: Ermotti argued that a proposal requiring UBS to fund foreign subsidiaries with 90% CET1 capital is “no real compromise.” Investors remain concerned that tougher rules could require substantial additional capital, reduce returns and constrain shareholder distributions. UBS CEO Criticizes 90% CET1 Capital Proposal
• Negative Sentiment: Swiss lawmakers are considering stricter post-Credit Suisse capital rules, with business groups and UBS lobbying against requirements they view as excessive. The unresolved regulatory risk is the main pressure on the stock. Swiss Business Groups Pressure Parliament Over UBS Capital Rules

UBS Group Stock Down 3.7%

Shares of NYSE UBS traded down $1.88 on Tuesday, reaching $49.19. 1,606,167 shares of the company’s stock traded hands, compared to its average volume of 2,264,851. The business’s 50 day simple moving average is $53.36 and its two-hundred day simple moving average is $47.62. UBS Group AG has a 12 month low of $36.29 and a 12 month high of $55.99. The company has a market cap of $153.65 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 1.02 and a debt-to-equity ratio of 3.84.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.03). UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The company had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.40 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities research analysts forecast that UBS Group AG will post 3.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UBS has been the topic of several recent research reports. Zacks Research lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note on Monday, July 20th. Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research report on Wednesday, August 5th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Wednesday, September 2nd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.30.

About UBS Group

UBS Group AG is a Switzerland-based global financial services company serving individuals, businesses, institutional investors and governments. Its principal businesses include wealth management, personal and corporate banking, asset management and investment banking.

Through its Global Wealth Management business, UBS provides investment advice, portfolio management, financial planning, lending and other services to private and institutional clients. Its Personal and Corporate Banking operations offer deposit, lending, payment and other banking services, primarily in Switzerland.