Allianz Asset Management GmbH Acquires 265,475 Shares of UBS Group AG $UBS

Allianz Asset Management GmbH boosted its holdings in shares of UBS Group AG (NYSE:UBS) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,439,632 shares of the bank’s stock after acquiring an additional 265,475 shares during the quarter. Allianz Asset Management GmbH’s holdings in UBS Group were worth $181,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBS. Coldstream Capital Management Inc. grew its stake in UBS Group by 1.1% in the second quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank’s stock valued at $885,000 after purchasing an additional 290 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of UBS Group by 3.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 9,877 shares of the bank’s stock worth $405,000 after buying an additional 301 shares during the last quarter. Prospera Financial Services Inc grew its position in shares of UBS Group by 1.7% in the 2nd quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock worth $623,000 after buying an additional 310 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in shares of UBS Group by 2.5% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 12,705 shares of the bank’s stock worth $521,000 after acquiring an additional 315 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in UBS Group by 0.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 121,385 shares of the bank’s stock valued at $4,966,000 after acquiring an additional 318 shares during the last quarter.

UBS Group Trading Up 1.3%

Shares of NYSE:UBS opened at $47.78 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.69. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $49.36. The stock has a market cap of $149.25 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 0.44 and a beta of 1.12. The business has a 50-day moving average price of $44.99 and a 200-day moving average price of $41.31.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Thursday, January 22nd. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. BNP Paribas Exane downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.30.

About UBS Group

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.