Forsta AP Fonden Reduces Stake in UBS Group AG

Forsta AP Fonden has decided to decrease its investment in UBS Group AG (NYSE:UBS - Free Report) by 30.3% in the third quarter, as noted in its latest Form 13F filing with the SEC. Following this reduction, the firm now holds 442,323 shares of UBS, having sold 192,433 shares during this timeframe. At the close of the most recent reporting period, Forsta AP Fonden's holdings in UBS Group were valued at approximately $13.67 million.

A number of other substantial investors have also made adjustments to their positions in UBS. For example, Claro Advisors LLC increased its stake by 18.5% in the first quarter, now holding 11,682 shares valued at $359,000 after acquiring an additional 1,823 shares. Similarly, Hexagon Capital Partners LLC raised its holdings by 11.2% in the first quarter, now owning 4,166 shares worth $128,000, following a purchase of 420 additional shares.

Moreover, Norden Group LLC entered a new position in UBS valued at around $806,000 in the first quarter. First Trust Direct Indexing L.P. increased its stake by 6.9%, owning 69,917 shares now valued at $2.15 million after buying an additional 4,488 shares. Legacy Wealth Asset Management LLC saw a 2.4% increase in its holdings, now owning 56,937 shares estimated at $1.75 million after acquiring 1,329 more during the period.

UBS Group Stock Performance

On Friday, shares of UBS Group (NYSE:UBS) opened at $32.10. The company's financial ratios show a debt-to-equity ratio of 4.07, while its current and quick ratios both stand at 1.06. Over the last fifty days, the average stock price has been $30.79, and the 200-day moving average price is around $30.12. The stock has experienced a 1-year low of $23.23 and a high of $32.88. The overall market capitalization of UBS Group AG is $102.93 billion, with a PE ratio of 3.50 and a beta of 1.15.

Recent Earnings Report

UBS Group (NYSE:UBS - Get Free Report) reported its quarterly earnings on August 14th. The bank announced earnings of $0.34 per share for the quarter, exceeding the consensus estimate of $0.12 by $0.22. The return on equity was registered at 2.14%, while the net margin was at 2.31%. The revenue for the quarter reached $11.90 billion, which was above the consensus prediction of $11.26 billion. Last year, the company had earnings of $1.88 per share. Analysts are forecasting that UBS Group AG will report an earnings per share (EPS) of 1.69 for the current year.

Analyst Ratings and Forecasts

Several research firms have recently shared their insights regarding UBS. Bank of America initiated coverage on UBS Group with a "neutral" rating on September 19th, while StockNews.com downgraded the stock from a "buy" to a "hold" rating on August 23rd. Currently, four analysts have rated the stock as a hold, and two have provided buy ratings. According to MarketBeat, UBS Group holds an average rating of "Hold" among analysts.

Company Overview

UBS Group AG offers financial advisory and solutions to a variety of clients, including private, institutional, and corporate sectors worldwide. The company operates through five main divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Banking, and Non-core and Legacy. Its services encompass investment advice, estate planning, wealth management, corporate banking, and investment management, alongside mortgage and lending solutions.

Investment, Stock, Bank