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

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

Several other large investors also recently added to or reduced their stakes in UBS. Assenagon Asset Management S.A. raised its holdings in shares of UBS Group by 6,277.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,536,418 shares of the bank’s stock valued at $821,228,000 after purchasing an additional 16,277,125 shares in the last quarter. Amundi boosted its holdings in UBS Group by 16.9% in the first quarter. Amundi now owns 23,294,847 shares of the bank’s stock worth $910,130,000 after purchasing an additional 3,374,516 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in UBS Group during the second quarter worth $119,055,000. Arrowstreet Capital Limited Partnership increased its position in UBS Group by 7.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock worth $728,340,000 after buying an additional 1,323,586 shares during the last quarter. Finally, Crocodile Capital Partners GmbH bought a new stake in shares of UBS Group during the 3rd quarter worth about $56,300,000.

UBS Group Price Performance

Shares of NYSE UBS traded down $0.96 during trading hours on Friday, hitting $47.81. 2,770,398 shares of the company’s stock were exchanged, compared to its average volume of 1,834,790. UBS Group AG has a 1-year low of $36.29 and a 1-year high of $55.99. The stock has a market capitalization of $149.35 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.72 and a beta of 1.19. The company’s 50-day moving average price is $49.70 and its 200-day moving average price is $47.15.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, October 28th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.06). The business 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 business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. On average, research analysts expect that UBS Group AG will post 3.65 earnings per share for the current year.

More UBS Group News

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen lowered UBS Group from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research report on Thursday, October 29th. DZ Bank reiterated a “buy” rating on shares of UBS Group in a report on Thursday, July 30th. Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 2nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of UBS Group in a report on Monday, September 28th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Hold” and a consensus target price of $60.30.

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.