UBS Group AG $UBS Shares Bought by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG lifted its position in shares of UBS Group AG (NYSE:UBS) by 144.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 86,115 shares of the bank’s stock after buying an additional 50,941 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in UBS Group were worth $3,519,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Ieq Capital LLC boosted its position in UBS Group by 2.9% during the first quarter. Ieq Capital LLC now owns 19,064 shares of the bank’s stock worth $584,000 after acquiring an additional 536 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of UBS Group during the 1st quarter worth $252,000. Quarry LP acquired a new stake in shares of UBS Group during the first quarter worth $37,000. Aprio Wealth Management LLC boosted its holdings in shares of UBS Group by 15.0% during the first quarter. Aprio Wealth Management LLC now owns 13,088 shares of the bank’s stock worth $401,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Amundi grew its position in shares of UBS Group by 2.8% in the first quarter. Amundi now owns 17,220,775 shares of the bank’s stock valued at $485,970,000 after purchasing an additional 468,814 shares during the period.

UBS Group Stock Down 0.5%

UBS opened at $46.28 on Friday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $47.31. The firm has a 50 day moving average price of $40.88 and a 200 day moving average price of $39.09. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $144.58 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. The firm had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same period in the previous year, the company posted $0.43 earnings per share. UBS Group’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UBS shares. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $44.00 to $60.30 in a research report on Tuesday, December 16th. Keefe, Bruyette & Woods downgraded shares of UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. BNP Paribas downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

UBS Group Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.