Allianz Asset Management GmbH Buys 1,898,324 Shares of UBS Group AG $UBS

Allianz Asset Management GmbH increased its stake in shares of UBS Group AG (NYSE:UBS) by 42.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,337,956 shares of the bank’s stock after acquiring an additional 1,898,324 shares during the quarter. Allianz Asset Management GmbH’s holdings in UBS Group were worth $295,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of UBS. Navalign LLC bought a new position in UBS Group during the 4th quarter worth approximately $32,000. Larson Financial Group LLC grew its position in UBS Group by 118.4% during the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after acquiring an additional 445 shares during the last quarter. JPL Wealth Management LLC bought a new position in UBS Group during the 3rd quarter worth approximately $37,000. Cornerstone Planning Group LLC grew its position in UBS Group by 1,013.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 969 shares of the bank’s stock worth $46,000 after acquiring an additional 882 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after acquiring an additional 573 shares during the last quarter.

Analyst Ratings Changes

UBS has been the topic of several recent research reports. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Wednesday, May 13th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.30.

UBS Group Trading Up 1.2%

UBS opened at $47.85 on Wednesday. The stock has a market cap of $149.47 billion, a PE ratio of 17.15, a PEG ratio of 0.81 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average of $44.12 and a 200-day moving average of $43.26. UBS Group AG has a 52 week low of $30.36 and a 52 week high of $49.36.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.16 billion. UBS Group had a return on equity of 10.05% and a net margin of 12.66%. Equities research analysts predict that UBS Group AG will post 3.25 earnings per share for the current fiscal year.

Key Headlines Impacting UBS Group

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: Swiss lawmakers are reportedly weighing a compromise that could soften UBS’s capital requirements, potentially reducing the amount of extra capital the bank may need to hold and easing a major overhang on the stock. Exclusive: Swiss lawmakers consider fresh compromise for UBS capital rules, sources say
• Positive Sentiment: UBS Wealth Management US announced multiple advisors in California, Hawaii, and Phoenix were named to Barron’s Top 1,500 Financial Advisors list, reinforcing the strength of UBS’s advisory business and brand in wealth management. Three UBS advisors in California and Hawaii Named to Barron’s Top 1,500 Financial Advisors list
• Positive Sentiment: Six UBS advisors in Phoenix were also recognized by Barron’s, adding to the view that UBS continues to attract and retain top talent in a fee-generating business that is important to investor confidence. Six UBS advisors in Phoenix named to Barron’s Top 1,500 Financial Advisors list
• Neutral Sentiment: Reports also said UBS is reducing Asia ESG staff as part of a broader global restructuring, which looks more like cost-cutting and reorganization than a direct catalyst for earnings.

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.