Point72 Hong Kong Ltd Reduces Holdings in UBS Group AG

Point72 Hong Kong Ltd significantly decreased its stake in UBS Group AG (NYSE:UBS - Free Report) by 41.3% during the third quarter, as revealed in its latest filing with the Securities and Exchange Commission (SEC). Following the sale of 71,637 shares in this period, Point72 now holds a total of 101,962 shares of the bank's stock, which were valued at approximately $3,152,000.

Recent Changes in Institutional Holdings

Additionally, several other institutional investors have altered their stakes in UBS Group recently. For instance, Nisa Investment Advisors LLC established a new investment in UBS during the second quarter valued at $41,000. Meanwhile, Benjamin F. Edwards & Company Inc. increased its holdings in UBS shares by an impressive 566.4% in the same quarter, acquiring a total of 1,666 shares worth around $49,000 after adding 1,416 shares. Ashton Thomas Private Wealth LLC also took a new position in UBS shares valued at about $50,000. Similarly, Opal Wealth Advisors LLC raised its stake in UBS shares by 56.0%, owning 2,125 shares valued at $63,000 after buying an additional 763 shares. Finally, FSC Wealth Advisors LLC invested in UBS during the third quarter with a stake worth roughly $71,000.

Analyst Ratings for UBS Group

UBS has recently been the subject of various analyst evaluations. On November 1st, StockNews.com upgraded UBS Group from a "hold" rating to a "buy" rating. Additionally, Bank of America initiated coverage of UBS on September 19th, assigning a "neutral" rating. Currently, three equity research analysts have given UBS a hold rating while three others have issued a buy rating. According to MarketBeat.com, UBS Group has an average rating classified as "Moderate Buy."

Current Stock Performance of UBS Group

As of Friday, UBS Group's stock opened at $32.34. The company's 50-day and 200-day simple moving averages stand at $31.69 and $30.76, respectively. With a market capitalization of approximately $103.70 billion, UBS has a price-to-earnings ratio of 26.95 and a beta of 1.15. Its debt-to-equity ratio is reported at 3.87, while both the current and quick ratios are at 1.05. Over the past year, UBS Group AG’s stock has traded between a low of $26.00 and a high of $33.34.

Recent Earnings Results

UBS Group (NYSE:UBS - Get Free Report) released its latest earnings announcement on October 30th. The bank reported earnings of $0.43 per share for the quarter, surpassing analysts' expectations of $0.28 by $0.15. UBS's return on equity was recorded at 4.69%, coupled with a net margin of 5.13%. The company reported revenues of $19.31 billion for the quarter, significantly exceeding the anticipated $11.20 billion. In comparison, the same period last year saw a reported loss of $0.24 per share. Research analysts project that UBS Group AG will achieve earnings of 1.73 per share for the current fiscal year.

Overview of UBS Group AG

UBS Group AG is a global financial services firm providing advisory and financial solutions to private, institutional, and corporate clients. The firm operates across five primary divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. UBS provides various financial services, including investment advice, estate and wealth planning, corporate banking solutions, and investment management, alongside mortgage and securities-based lending options.

Point72, UBS, investments