Point72 Hong Kong Ltd Reduces Holdings in UBS Group AG

Point72 Hong Kong Ltd has reduced its stake in UBS Group AG (NYSE:UBS) by 41.3% during the third quarter, as indicated in its latest filing with the SEC. After selling 71,637 shares, the firm now holds a total of 101,962 shares in the bank. As per the most recent SEC filing, these holdings are valued at approximately $3.15 million.

Other Notable Changes in Holdings

Several other institutional investors and hedge funds have also adjusted their investments in UBS Group AG recently. For instance, Nisa Investment Advisors LLC made a new investment in UBS Group valued at $41,000 in the second quarter. In the same quarter, Benjamin F. Edwards & Company Inc. increased its holdings in UBS Group by 566.4%, acquiring 1,666 shares worth $49,000 after purchasing an additional 1,416 shares. Additionally, Ashton Thomas Private Wealth LLC entered a new position in UBS Group valued at about $50,000 during the second quarter. Opal Wealth Advisors LLC expanded its position by 56.0%, owning 2,125 shares worth approximately $63,000 after acquiring an additional 763 shares. In the third quarter, FSC Wealth Advisors LLC also acquired a new stake in UBS Group, valued at roughly $71,000.

Analyst Ratings and Recommendations

UBS Group has been the focus of several recent analyst evaluations. StockNews.com upgraded UBS Group from a "hold" rating to a "buy" rating on November 1st. Back in September, Bank of America initiated coverage on UBS Group and assigned a "neutral" rating. Currently, three equity research analysts have given the stock a hold rating, while three others have issued buy recommendations. The average analyst rating for UBS Group stands at "Moderate Buy" according to MarketBeat.com.

Performance Metrics of UBS Group Stock

UBS Group's stock opened at $32.34 recently. The company has a 50-day simple moving average of $31.69 and a 200-day simple moving average of $30.76. UBS Group AG has a market capitalization of approximately $103.70 billion, with a price-to-earnings ratio of 26.95 and a beta value of 1.15. The company's debt-to-equity ratio is recorded at 3.87, along with a current ratio and quick ratio both at 1.05. Over the past year, UBS Group has seen a low of $26.00 and a high of $33.34.

Earnings Report Highlights

UBS Group recently released its earnings report on October 30th, showcasing an earnings per share (EPS) of $0.43 for the quarter, surpassing the analysts' consensus estimates of $0.28 by $0.15. The bank achieved a return on equity of 4.69% and a net margin of 5.13%. The revenue for the quarter amounted to $19.31 billion, notably exceeding the forecast of $11.20 billion that analysts had predicted. In comparison to the same quarter the previous year, the firm reported an EPS of ($0.24). Analysts are projecting an average EPS of 1.73 for UBS Group AG for the current fiscal year.

Company Overview of UBS Group AG

UBS Group AG is a financial services company that provides a broad range of financial advice and solutions to clients which include private individuals, corporations, and institutional investors worldwide. The company operates through five main divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Banking, and Non-core and Legacy. It offers various services such as investment advice, estate and wealth planning, investment management, corporate banking, and securities-based lending solutions.

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