UBS Group AG $UBS Stake Lifted by Bessemer Group Inc.

Bessemer Group Inc. lifted its stake in shares of UBS Group AG (NYSE:UBS) by 88.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 114,202 shares of the bank’s stock after acquiring an additional 53,621 shares during the quarter. Bessemer Group Inc.’s holdings in UBS Group were worth $4,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBS. Allspring Global Investments Holdings LLC bought a new position in UBS Group during the 1st quarter valued at $1,740,000. Checchi Capital Advisers LLC lifted its holdings in shares of UBS Group by 3.0% in the first quarter. Checchi Capital Advisers LLC now owns 24,571 shares of the bank’s stock valued at $960,000 after buying an additional 705 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of UBS Group by 7.3% in the first quarter. Maryland State Retirement & Pension System now owns 355,549 shares of the bank’s stock valued at $13,681,000 after buying an additional 24,132 shares during the period. Bleakley Financial Group LLC boosted its stake in UBS Group by 25.2% during the first quarter. Bleakley Financial Group LLC now owns 80,450 shares of the bank’s stock valued at $3,143,000 after buying an additional 16,210 shares in the last quarter. Finally, LGT Fund Management Co Ltd. boosted its stake in UBS Group by 41.2% during the first quarter. LGT Fund Management Co Ltd. now owns 415,512 shares of the bank’s stock valued at $15,973,000 after buying an additional 121,228 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have commented on UBS. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Thursday, July 2nd. Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.30.

UBS Group Trading Down 2.4%

NYSE UBS opened at $51.47 on Tuesday. UBS Group AG has a twelve month low of $35.94 and a twelve month high of $55.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. The stock has a market cap of $160.79 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.82 and a beta of 1.19. The firm’s 50 day moving average price is $49.19 and its two-hundred day moving average price is $45.04.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.16 billion. UBS Group had a return on equity of 10.05% and a net margin of 12.66%. Equities analysts anticipate that UBS Group AG will post 3.51 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.