DekaBank Deutsche Girozentrale Sells 96,917 Shares of UBS Group AG $UBS

DekaBank Deutsche Girozentrale decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,269,505 shares of the bank’s stock after selling 96,917 shares during the period. DekaBank Deutsche Girozentrale owned 0.13% of UBS Group worth $144,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TrueMark Investments LLC increased its stake in shares of UBS Group by 18.3% during the second quarter. TrueMark Investments LLC now owns 75,686 shares of the bank’s stock valued at $2,560,000 after purchasing an additional 11,730 shares in the last quarter. First National Bank of Hutchinson increased its stake in shares of UBS Group by 4.0% during the second quarter. First National Bank of Hutchinson now owns 12,883 shares of the bank’s stock valued at $436,000 after purchasing an additional 499 shares in the last quarter. Werba Rubin Papier Wealth Management increased its stake in shares of UBS Group by 4.3% during the second quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock valued at $284,000 after purchasing an additional 347 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in shares of UBS Group by 1.0% during the second quarter. Allianz Asset Management GmbH now owns 4,174,157 shares of the bank’s stock valued at $140,804,000 after buying an additional 41,780 shares during the last quarter. Finally, Generali Asset Management SPA SGR grew its holdings in shares of UBS Group by 25.4% during the second quarter. Generali Asset Management SPA SGR now owns 1,957,087 shares of the bank’s stock valued at $66,189,000 after buying an additional 396,741 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of UBS Group from a “hold” rating to a “sell” rating in a report on Sunday, September 28th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, October 6th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a 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 research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

UBS Group Trading Down 0.4%

Shares of UBS stock opened at $38.33 on Tuesday. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $42.56. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The firm’s 50 day moving average is $40.40 and its 200 day moving average is $35.44. The stock has a market capitalization of $122.89 billion, a P/E ratio of 20.28, a P/E/G ratio of 0.62 and a beta of 1.18.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $11.55 billion for the quarter, compared to analysts’ expectations of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter last year, the company posted $0.34 earnings per share. Research analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

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.