Point72 Hong Kong Ltd Reduces Holdings in UBS Group AG

Point72 Hong Kong Ltd has reduced its stake in UBS Group AG (NYSE:UBS) by 41.3% in the third quarter, as reported in its latest filing with the SEC. After selling 71,637 shares during this period, the firm now holds 101,962 shares of the bank's stock, which are valued at approximately $3.15 million.

Other Institutional Investments

Several other institutional investors have also recently adjusted their positions in UBS Group. In the second quarter, Nisa Investment Advisors LLC bought a new stake in UBS valued at $41,000. Benjamin F. Edwards & Company Inc. significantly increased its position in UBS by 566.4% during the same quarter, acquiring 1,666 shares worth $49,000 after adding 1,416 shares to its holdings. Additionally, Ashton Thomas Private Wealth LLC entered a new position in UBS valued at around $50,000. Opal Wealth Advisors LLC raised its stake in UBS Group by 56.0% in the second quarter and currently owns 2,125 shares valued at $63,000, following the purchase of 763 additional shares. Lastly, FSC Wealth Advisors LLC acquired a new stake in UBS valued at approximately $71,000 during the third quarter.

Analyst Ratings

UBS Group has been the subject of various recent analyst reports. StockNews.com upgraded UBS from a "hold" rating to a "buy" rating on November 1st. Furthermore, Bank of America initiated coverage on UBS shares on September 19th, rating the stock as "neutral." Currently, three equity research analysts have rated UBS with a hold rating, while three have given it a buy rating. According to MarketBeat.com, UBS Group has an average rating of "Moderate Buy."

UBS Group Stock Performance

UBS Group's stock traded at $32.34 on Friday, with a 50-day simple moving average of $31.69 and a 200-day simple moving average of $30.76. The company has a market capitalization of $103.70 billion and a price-to-earnings ratio of 26.95. It has a debt-to-equity ratio of 3.87 and both a current and quick ratio of 1.05. Over the past year, UBS Group's stock has reached a low of $26.00 and a high of $33.34.

Recent Earnings Results

On October 30th, UBS Group reported its quarterly earnings, posting earnings of $0.43 per share, which surpassed the analysts' consensus estimate of $0.28 by $0.15. The bank recorded a return on equity of 4.69% and a net margin of 5.13%. Its revenue for the quarter was $19.31 billion, exceeding analyst expectations of $11.20 billion. In the same quarter last year, UBS reported a loss of $0.24 per share. Research analysts predict that UBS Group AG will report earnings per share of 1.73 for the current fiscal year.

Overview of UBS Group AG

UBS Group AG provides a wide range of financial services and solutions to private, institutional, and corporate clients globally. The company's operations span five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. UBS Group offers diverse services, including investment advice, estate and wealth planning, a variety of lending solutions, and investment management services.

Point72, UBS, Investments