Haven Global Partners LLC Buys 91,152 Shares of UBS Group AG $UBS

Haven Global Partners LLC raised its stake in shares of UBS Group AG (NYSE:UBS) by 15.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 675,824 shares of the bank’s stock after acquiring an additional 91,152 shares during the period. UBS Group makes up 17.9% of Haven Global Partners LLC’s holdings, making the stock its 2nd biggest holding. Haven Global Partners LLC’s holdings in UBS Group were worth $22,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Metis Global Partners LLC lifted its stake in UBS Group by 8.0% during the second quarter. Metis Global Partners LLC now owns 106,313 shares of the bank’s stock worth $3,598,000 after purchasing an additional 7,833 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of UBS Group in the 2nd quarter valued at $87,000. Crocodile Capital Partners GmbH lifted its stake in UBS Group by 74.6% during the 2nd quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank’s stock worth $33,651,000 after acquiring an additional 425,000 shares in the last quarter. TrueMark Investments LLC boosted its holdings in 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 acquiring an additional 11,730 shares during the period. Finally, Helios Capital Management PTE. Ltd. grew its position in UBS Group by 21.4% in the 2nd quarter. Helios Capital Management PTE. Ltd. now owns 136,000 shares of the bank’s stock valued at $4,604,000 after acquiring an additional 24,000 shares in the last quarter.

UBS Group Stock Up 0.5%

Shares of NYSE UBS opened at $38.21 on Thursday. The business has a 50-day moving average of $39.66 and a two-hundred day moving average of $36.94. The company has a market capitalization of $122.51 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. BNP Paribas downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued 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 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.