UBS Group AG $UBS Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. boosted its holdings in UBS Group AG (NYSE:UBS) by 354.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,923 shares of the bank’s stock after purchasing an additional 24,125 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in UBS Group were worth $1,046,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Maseco LLP acquired a new position in UBS Group in the second quarter worth $28,000. Quarry LP acquired a new position in UBS Group in the first quarter worth $37,000. Berbice Capital Management LLC boosted its holdings in UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock worth $40,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. boosted its holdings in UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after purchasing an additional 573 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in UBS Group in the second quarter worth $65,000.

Wall Street Analysts Forecast Growth

UBS has been the subject of a number of research reports. Zacks Research raised shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Wall Street Zen downgraded shares of UBS Group from a “hold” rating to a “sell” rating in a report on Sunday, September 28th. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reissued 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

UBS Group Trading Up 0.4%

Shares of NYSE:UBS opened at $38.21 on Friday. The company has a market cap of $122.52 billion, a PE ratio of 20.22, a P/E/G ratio of 0.66 and a beta of 1.18. The company’s 50-day moving average price is $40.30 and its 200 day moving average price is $35.55. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $42.56. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period last year, the firm posted $0.34 EPS. Sell-side analysts anticipate 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.