Kestra Private Wealth Services LLC Acquires New Position in UBS Group AG $UBS

Kestra Private Wealth Services LLC acquired a new stake in shares of UBS Group AG (NYSE:UBS) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,866 shares of the bank’s stock, valued at approximately $908,000.

A number of other large investors have also modified their holdings of UBS. Assenagon Asset Management S.A. lifted its position in UBS Group by 43.4% in the third quarter. Assenagon Asset Management S.A. now owns 23,716,879 shares of the bank’s stock worth $1,144,417,000 after purchasing an additional 7,180,461 shares during the period. Amundi increased its holdings in UBS Group by 16.9% in the 1st quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after buying an additional 3,374,516 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in UBS Group by 7.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock valued at $728,340,000 after buying an additional 1,323,586 shares during the period. Ninety One UK Ltd raised its stake in shares of UBS Group by 4.7% in the 3rd quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock valued at $360,437,000 after buying an additional 336,264 shares in the last quarter. Finally, WCM Investment Management LLC raised its stake in shares of UBS Group by 12.3% in the 1st quarter. WCM Investment Management LLC now owns 5,850,200 shares of the bank’s stock valued at $214,527,000 after buying an additional 639,111 shares in the last quarter.

UBS Group Stock Performance

Shares of NYSE UBS traded down $0.96 during midday trading on Friday, reaching $47.81. 2,770,398 shares of the company traded hands, compared to its average volume of 1,834,790. The firm has a market cap of $149.35 billion, a PE ratio of 15.78, a PEG ratio of 0.72 and a beta of 1.19. The stock’s 50-day simple moving average is $49.70 and its 200-day simple moving average is $47.15. UBS Group AG has a 12 month low of $36.29 and a 12 month high of $55.99.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 28th. The bank reported $0.85 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.06). The firm had revenue of $13.39 billion during the quarter, compared to analyst estimates of $13.07 billion. UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, equities research analysts expect that UBS Group AG will post 3.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UBS shares. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Bank of America reissued a “buy” rating on shares of UBS Group in a research note on Tuesday, September 1st. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. DZ Bank reaffirmed a “buy” rating on shares of UBS Group in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research note on Thursday, October 29th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.30.

UBS Group News Summary

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

• Positive Sentiment: LBP AM SA reported a new UBS position valued at about $376 million in its September 30 holdings. Across recent filings, more institutions added shares than reduced positions, although the data reflects different reporting periods and is not a clear consensus signal. Fund Update: New $376.0M UBS stock position opened by LBP AM SA
• Positive Sentiment: UBS is reducing consultant spending as its Credit Suisse integration approaches completion, with reports citing more than $800 million in lower external-adviser costs. The cuts could improve efficiency, though the integration also includes substantial job reductions. UBS slashes spending on consultants as Credit Suisse project winds down
• Neutral Sentiment: UBS reportedly cut about 200 London jobs as the Credit Suisse integration nears its end. The move may contribute to cost savings, but also highlights ongoing restructuring. UBS cuts about 200 London jobs as Credit Suisse fusion ends
• Negative Sentiment: A report says market speculation has revived that UBS could exit or sell its UBS Americas unit amid its dispute with Swiss regulators. This remains unconfirmed, but uncertainty around the bank’s U.S. operations could weigh on sentiment. The latest twist in the saga between UBS and Swiss regulators involves bank’s New York business

UBS Group Company Profile

UBS Group AG is a Swiss financial services company providing wealth management, banking, asset management and investment banking services to individuals, businesses, institutions and governments. It has a strong presence in Switzerland and serves clients in markets around the world.

The company’s businesses include Global Wealth Management, Swiss Personal & Corporate Banking, Asset Management and the Investment Bank. Its services include financial planning and investment advice, lending and deposit products, portfolio and fund management, and capital markets and advisory services.

UBS traces its roots to Swiss banking institutions established in the 19th century and took its current form through the 1998 merger of Union Bank of Switzerland and Swiss Bank Corporation.