Point72 Hong Kong Ltd Reduces Stakes in UBS Group AG

Point72 Hong Kong Ltd has decreased its investment in UBS Group AG (NYSE:UBS) by 41.3% in the third quarter, as revealed in its latest filing with the SEC. Following the sale of 71,637 shares during this period, the firm now holds 101,962 shares of the bank, which amounts to approximately $3,152,000 in value.

Changes by Other Institutional Investors

Other institutional investors have also recently adjusted their stakes in UBS Group. For instance, Nisa Investment Advisors LLC established a new position in UBS Group during the second quarter, valuing at approximately $41,000. Similarly, Benjamin F. Edwards & Company Inc. enhanced its holdings by 566.4% during the same quarter, bringing its total to 1,666 shares now worth $49,000 after adding 1,416 shares. Ashton Thomas Private Wealth LLC also entered a new position valued at about $50,000 in the second quarter. Moreover, Opal Wealth Advisors LLC increased its holdings by 56.0%, resulting in 2,125 shares valued at $63,000 after acquiring an extra 763 shares. Lastly, FSC Wealth Advisors LLC earned a new stake in UBS Group valued at around $71,000 during the third quarter.

Analyst Insights

UBS Group has recently caught the attention of several analysts. StockNews.com upgraded UBS Group from a "hold" to a "buy" rating on November 1st. Additionally, Bank of America initiated coverage of UBS shares and assigned a “neutral” rating on September 19th. Currently, three equity research analysts have maintained a hold rating, while three have rated the stock as a buy, leading to an average rating of "Moderate Buy" according to MarketBeat.com.

UBS Group Stock Performance Overview

The share price of UBS Group opened at $32.34. The company has a 50-day simple moving average of $31.69, along with a 200-day simple moving average of $30.76. UBS Group boasts a market cap of $103.70 billion and a price-to-earnings ratio of 26.95. Its beta stands at 1.15, with a debt-to-equity ratio of 3.87. The company maintains a current ratio of 1.05 and a quick ratio of 1.05. Over the past one year, UBS Group has seen stock prices fluctuate between a low of $26.00 and a high of $33.34.

Earnings Report Highlights

In its latest earnings report released on October 30th, UBS Group disclosed earnings of $0.43 per share, exceeding analysts' expectations of $0.28 by $0.15. The bank reported a return on equity of 4.69% and a net margin of 5.13% with revenues totaling $19.31 billion for the quarter, substantially above the forecasted $11.20 billion. In the same quarter last year, UBS Group recorded losses of ($0.24) per share. Analysts predict that UBS Group AG is set to achieve earnings of 1.73 per share for the current fiscal year.

About UBS Group AG

UBS Group AG provides a variety of financial services, encompassing advice and solutions for private, institutional, and corporate clients worldwide. The bank operates through five main divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. Their offerings include investment advice, estate planning, investment management, corporate banking, and various lending solutions.

Point72, UBS, Holdings