Point72 Hong Kong Ltd Reduces Holdings in UBS Group AG

Point72 Hong Kong Ltd has decreased its stake in UBS Group AG (NYSE:UBS) by 41.3% during the third quarter, as reported in its latest filing with the SEC. After selling 71,637 shares during this period, the firm now holds 101,962 shares of the bank's stock. The value of Point72 Hong Kong Ltd's holdings in UBS Group is approximately $3.15 million based on the most recent filing.

Institutional Investors Adjust Holdings

Various other hedge funds and institutional investors have also changed their investments in UBS Group. For instance, Nisa Investment Advisors LLC purchased a new position in the bank during the second quarter, valued at $41,000. Meanwhile, Benjamin F. Edwards & Company Inc. increased its holdings in UBS Group by a substantial 566.4% during the same quarter, bringing its total ownership to 1,666 shares valued at about $49,000 after acquiring 1,416 additional shares. Additionally, Ashton Thomas Private Wealth LLC also made a new investment in UBS Group, valuing around $50,000, while Opal Wealth Advisors LLC increased their stake by 56.0%, reaching a total of 2,125 shares valued at $63,000 after buying an extra 763 shares. Finally, FSC Wealth Advisors LLC also took a new stake in UBS Group in the third quarter, worth approximately $71,000.

Analysts' Insights on UBS Group

UBS has attracted attention from analysts recently, with updates on the stock's performance. StockNews.com upgraded UBS Group from a "hold" to a "buy" rating on November 1st. Furthermore, Bank of America commenced its coverage of UBS Group on September 19th, providing a "neutral" rating. Currently, three equity research analysts have given the stock a hold rating while three others have issued buy ratings. MarketBeat.com shows that UBS Group has an average rating of "Moderate Buy".

Performance Metrics of UBS Group Stock

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

Recent Earnings Report

UBS Group's latest earnings report, issued on October 30th, revealed earnings of $0.43 per share for the quarter, surpassing analysts' expectations of $0.28 by $0.15. The bank had a return on equity of 4.69% and a net margin of 5.13%. Revenue for the quarter reached $19.31 billion, significantly exceeding the projected $11.20 billion. In the same quarter of the previous year, UBS Group posted a loss of $0.24 per share. Analysts generally forecast that UBS Group AG will report an average of 1.73 earnings per share for the current fiscal year.

Overview of UBS Group AG

UBS Group AG offers a wide range of financial services and solutions to private, institutional, and corporate clients across the globe. It operates through five main divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Banking, and Non-core and Legacy. The company provides services such as investment advice, estate and wealth planning, banking services, and investment management, along with various lending solutions including mortgage and structured lending.

Point72, UBS, investment