Haven Private LLC Takes $288,000 Position in UBS Group AG $UBS

Haven Private LLC purchased a new stake in shares of UBS Group AG (NYSE:UBS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,516 shares of the bank’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBS. Crocodile Capital Partners GmbH raised its holdings in UBS Group by 74.6% in the 2nd quarter. Crocodile Capital Partners GmbH now owns 995,000 shares of the bank’s stock worth $33,651,000 after purchasing an additional 425,000 shares during the period. TrueMark Investments LLC raised its holdings in UBS Group by 18.3% in the 2nd quarter. TrueMark Investments LLC now owns 75,686 shares of the bank’s stock worth $2,560,000 after purchasing an additional 11,730 shares during the period. Belpointe Asset Management LLC bought a new position in UBS Group in the 1st quarter worth $639,000. Assenagon Asset Management S.A. raised its holdings in UBS Group by 7.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 217,715 shares of the bank’s stock worth $7,344,000 after purchasing an additional 15,042 shares during the period. Finally, Callan Family Office LLC raised its holdings in UBS Group by 150.7% in the 2nd quarter. Callan Family Office LLC now owns 57,031 shares of the bank’s stock worth $1,929,000 after purchasing an additional 34,278 shares during the period.

UBS Group Price Performance

NYSE:UBS opened at $38.36 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. The business’s 50-day simple moving average is $40.13 and its two-hundred day simple moving average is $36.06. The stock has a market cap of $123.00 billion, a PE ratio of 17.28, a P/E/G ratio of 0.66 and a beta of 1.18. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. The business had revenue of $12.20 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.43 earnings per share. As a group, analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on UBS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Wall Street Zen raised UBS Group from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Zacks Research raised UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Finally, Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

About UBS Group

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.