UBS Group AG $UBS Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of UBS Group AG (NYSE:UBS) by 6,277.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,536,418 shares of the bank’s stock after purchasing an additional 16,277,125 shares during the period. UBS Group makes up approximately 1.0% of Assenagon Asset Management S.A.’s investment portfolio, making the stock its 13th largest position. Assenagon Asset Management S.A.’s holdings in UBS Group were worth $821,228,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UBS. AQR Capital Management LLC raised its holdings in UBS Group by 73.9% during the first quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock worth $1,927,000 after purchasing an additional 26,728 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $137,000 after buying an additional 708 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of UBS Group by 3.1% in the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after buying an additional 1,267 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of UBS Group by 11.6% in the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock valued at $432,000 after buying an additional 1,469 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of UBS Group by 62.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after buying an additional 573 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Monday, June 29th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. Finally, Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Performance

Shares of UBS Group stock opened at $52.81 on Friday. The firm’s fifty day simple moving average is $50.75 and its 200-day simple moving average is $45.52. UBS Group AG has a 12 month low of $36.29 and a 12 month high of $55.15. The stock has a market capitalization of $164.98 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.81 and a beta of 1.18. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.02 and a quick ratio of 1.19.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The business had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.40 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities analysts forecast that UBS Group AG will post 3.58 earnings per share for the current year.

About UBS Group

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.