Arrowstreet Capital Limited Partnership Reduces Position in UBS Group AG $UBS

Arrowstreet Capital Limited Partnership lessened its stake in shares of UBS Group AG (NYSE:UBS) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,527,342 shares of the bank’s stock after selling 1,907,613 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.56% of UBS Group worth $814,934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UBS. Norges Bank acquired a new stake in UBS Group during the 4th quarter valued at approximately $4,889,413,000. Wellington Management Group LLP lifted its stake in UBS Group by 254.9% during the 3rd quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock valued at $2,601,589,000 after acquiring an additional 45,731,061 shares during the period. Viking Global Investors LP lifted its stake in UBS Group by 407.5% during the 3rd quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock valued at $534,852,000 after acquiring an additional 10,516,148 shares during the period. Ninety One UK Ltd acquired a new stake in UBS Group during the 4th quarter valued at approximately $411,917,000. Finally, Bank of Montreal Can lifted its stake in UBS Group by 248.7% during the 3rd quarter. Bank of Montreal Can now owns 9,325,276 shares of the bank’s stock valued at $380,782,000 after acquiring an additional 6,650,862 shares during the period.

UBS Group Stock Performance

UBS opened at $48.93 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The firm has a fifty day moving average price of $44.69 and a 200 day moving average price of $43.45. UBS Group AG has a 1 year low of $30.36 and a 1 year high of $49.36. The stock has a market cap of $152.84 billion, a P/E ratio of 17.54, a P/E/G ratio of 0.84 and a beta of 1.19.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.16 billion. Equities research analysts anticipate that UBS Group AG will post 3.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup restated a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Finally, Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Four 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.