Y Intercept Hong Kong Ltd Invests $2.21 Million in UBS Group AG $UBS

Y Intercept Hong Kong Ltd bought a new position in UBS Group AG (NYSE:UBS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 65,204 shares of the bank’s stock, valued at approximately $2,205,000.

Several other institutional investors have also recently made changes to their positions in UBS. Goldman Sachs Group Inc. grew its stake in shares of UBS Group by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock worth $1,153,354,000 after acquiring an additional 17,676,829 shares in the last quarter. Nuveen LLC bought a new stake in shares of UBS Group in the 1st quarter worth $348,161,000. Banque Cantonale Vaudoise bought a new position in UBS Group during the first quarter valued at about $206,885,000. Deutsche Bank AG grew its position in UBS Group by 16.1% during the first quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank’s stock valued at $960,278,000 after buying an additional 4,337,005 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in UBS Group by 8.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank’s stock valued at $1,688,163,000 after buying an additional 4,207,140 shares during the period.

UBS Group Price Performance

Shares of 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 firm has a market capitalization 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 twelve month low of $25.75 and a twelve month high of $42.56. The company has a 50-day moving average price of $40.13 and a two-hundred day moving average price of $36.06.

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 analysts’ consensus estimates of $0.48 by $0.28. The firm had revenue of $12.20 billion during the quarter, compared to analyst estimates of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Equities analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

UBS has been the subject of several research reports. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Monday, October 6th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, UBS Group 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.