Point72 Asset Management L.P. Buys 96,300 Shares of UBS Group AG (NYSE:UBS)

Point72 Asset Management L.P. grew its stake in UBS Group AG (NYSE:UBS) by 1,504.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,700 shares of the bank’s stock after purchasing an additional 96,300 shares during the period. Point72 Asset Management L.P.’s holdings in UBS Group were worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Toronto Dominion Bank grew its stake in shares of UBS Group by 286.3% in the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock valued at $8,044,000 after purchasing an additional 201,809 shares during the period. Fisher Asset Management LLC acquired a new position in shares of UBS Group in the 3rd quarter worth approximately $23,884,000. Legal & General Group Plc boosted its holdings in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after acquiring an additional 41,027,134 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of UBS Group by 117.1% in the 3rd quarter. Quantbot Technologies LP now owns 152,151 shares of the bank’s stock worth $4,703,000 after acquiring an additional 82,062 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of UBS Group by 206.3% in the 1st quarter. Cetera Investment Advisers now owns 65,029 shares of the bank’s stock worth $1,998,000 after acquiring an additional 43,800 shares in the last quarter.

UBS Group Stock Down 0.6 %

NYSE:UBS opened at $32.59 on Tuesday. The stock’s fifty day moving average price is $31.92 and its two-hundred day moving average price is $30.86. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $33.34. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $104.50 billion, a price-to-earnings ratio of 27.16 and a beta of 1.14.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the prior year, the business earned ($0.24) EPS. On average, analysts anticipate that UBS Group AG will post 1.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America assumed coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, UBS Group presently has an average rating of “Moderate Buy”.

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.