UBS Group AG $UBS Shares Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its stake in UBS Group AG (NYSE:UBS) by 25.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 80,450 shares of the bank’s stock after acquiring an additional 16,210 shares during the quarter. Bleakley Financial Group LLC’s holdings in UBS Group were worth $3,143,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of UBS Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock worth $6,423,207,000 after purchasing an additional 1,758,287 shares in the last quarter. Norges Bank purchased a new position in UBS Group in the 4th quarter valued at $4,889,413,000. Fisher Asset Management LLC boosted its stake in UBS Group by 4.8% during the 4th quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock worth $2,968,807,000 after purchasing an additional 2,938,827 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in UBS Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock worth $1,676,302,000 after purchasing an additional 629,310 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of UBS Group by 19.1% during the fourth quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank’s stock worth $1,371,044,000 after buying an additional 4,744,982 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on UBS. Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Weiss Ratings cut UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, UBS Group currently has an average rating of “Hold” and a consensus target price of $60.30.

UBS Group Stock Up 2.4%

Shares of NYSE:UBS opened at $55.12 on Thursday. The business has a 50-day moving average price of $48.73 and a 200 day moving average price of $44.91. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $172.18 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 0.84 and a beta of 1.19. UBS Group AG has a 12-month low of $35.42 and a 12-month high of $55.15.

UBS Group (NYSE:UBS) last posted 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. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The company had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. Sell-side analysts expect that UBS Group AG will post 3.49 EPS for the current year.

UBS Group Company 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.