Banco Santander S.A. Has $2.11 Million Stake in UBS Group AG (NYSE:UBS)

Banco Santander S.A. raised its stake in shares of UBS Group AG (NYSE:UBS) by 29.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,281 shares of the bank’s stock after purchasing an additional 16,127 shares during the period. Banco Santander S.A.’s holdings in UBS Group were worth $2,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in shares of UBS Group by 1,630.2% in the 4th quarter. International Assets Investment Management LLC now owns 172,886 shares of the bank’s stock valued at $5,595,000 after purchasing an additional 162,894 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of UBS Group by 6.9% during the 4th quarter. Yousif Capital Management LLC now owns 61,353 shares of the bank’s stock worth $1,896,000 after purchasing an additional 3,950 shares in the last quarter. Truist Financial Corp grew its stake in shares of UBS Group by 114.1% in the 4th quarter. Truist Financial Corp now owns 98,830 shares of the bank’s stock valued at $3,054,000 after buying an additional 52,668 shares during the period. Hexagon Capital Partners LLC increased its position in UBS Group by 42.3% in the 4th quarter. Hexagon Capital Partners LLC now owns 3,746 shares of the bank’s stock valued at $116,000 after buying an additional 1,113 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in UBS Group by 12.4% during the 4th quarter. First Trust Direct Indexing L.P. now owns 65,429 shares of the bank’s stock worth $2,022,000 after buying an additional 7,193 shares during the period.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

UBS Group Stock Down 0.9 %

Shares of NYSE:UBS traded down $0.29 during midday trading on Thursday, hitting $30.79. 1,647,186 shares of the company’s stock were exchanged, compared to its average volume of 2,378,444. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. UBS Group AG has a 12 month low of $23.23 and a 12 month high of $32.13. The company has a market cap of $98.73 billion, a PE ratio of 3.35 and a beta of 1.16. The stock has a 50 day moving average price of $30.13 and a 200-day moving average price of $29.85.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the company posted $1.88 EPS. On average, sell-side analysts anticipate that UBS Group AG will post 1.02 EPS for the current fiscal year.

UBS Group 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.