5 Best European Bank Stocks to Buy Now

3. UBS Group AG (NYSE: UBS)

Number of Hedge Fund Holders: 15

UBS Group AG (NYSE: UBS) is a Swiss financial services company and the world’s largest private bank with offices in around 50 countries around the world. It is ranked third on our list of 10 best European bank stocks to buy now. The stock has returned over 37.51% to investors over the course of the past year.

On July 19, UBS Group AG (NYSE: UBS) posted earnings for the second quarter of 2021, reporting earnings per share of $0.55, beating estimates by $0.11. The operating income over the period was around $8.98 billion, up 21% year-over-year.

At the end of the second quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $176 million in UBS Group AG (NYSE: UBS).

Out of the hedge funds tracked by Insider Monkey, Pzena Investment Management has the most valuable stake in UBS Group AG (NYSE: UBS) as of the end of the second quarter of 2021, worth close to $100 million, comprising 0.38% of its 13F portfolio. 

During the second quarter of 2021, D.E. Shaw increased its stake in UBS Group AG (NYSE: UBS) by 3157% to a stake of about $14 million as billionaire Ken Griffin’s Citadel Investment Group increased its stake in UBS Group AG (NYSE: UBS) by 54%.

On July 21, JPMorgan increased its price target on UBS Group AG (NYSE: UBS) to CHF 20 from CHF 18 while reiterating an Overweight rating.