Lighthouse Investment Partners LLC Invests $220,000 in UBS Group AG (NYSE:UBS)

Lighthouse Investment Partners LLC bought a new stake in shares of UBS Group AG (NYSE:UBS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,440 shares of the bank’s stock, valued at approximately $220,000.

A number of other large investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its position in shares of UBS Group by 226.8% during the 2nd quarter. AQR Capital Management LLC now owns 27,928 shares of the bank’s stock valued at $825,000 after acquiring an additional 19,382 shares during the last quarter. AXA S.A. raised its position in shares of UBS Group by 25.6% during the second quarter. AXA S.A. now owns 4,441,397 shares of the bank’s stock worth $131,199,000 after purchasing an additional 905,612 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of UBS Group during the second quarter valued at $5,128,000. Toronto Dominion Bank increased its stake in UBS Group by 286.3% in the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after purchasing an additional 201,809 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in UBS Group by 2,887.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 197,013 shares of the bank’s stock worth $5,820,000 after purchasing an additional 190,419 shares in the last quarter.

Analyst Upgrades and Downgrades

UBS has been the subject of several recent analyst reports. Bank of America started coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

UBS Group Stock Up 0.1 %

NYSE:UBS opened at $31.03 on Monday. UBS Group AG has a 1-year low of $23.23 and a 1-year high of $32.13. The firm has a market capitalization of $99.50 billion, a price-to-earnings ratio of 3.38 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The business’s fifty day moving average price is $29.89 and its 200 day moving average price is $30.03.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the firm earned $1.88 earnings per share. On average, sell-side analysts forecast that UBS Group AG will post 1.36 earnings per share for the current fiscal year.

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.