169,993 Shares in UBS Group AG $UBS Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new stake in shares of UBS Group AG (NYSE:UBS) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 169,993 shares of the bank’s stock, valued at approximately $7,917,000.

A number of other large investors have also added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of UBS Group in the 4th quarter worth approximately $910,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in UBS Group by 11.8% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 4,750 shares of the bank’s stock valued at $221,000 after purchasing an additional 500 shares during the last quarter. MML Investors Services LLC grew its holdings in UBS Group by 6.9% during the fourth quarter. MML Investors Services LLC now owns 112,528 shares of the bank’s stock valued at $5,211,000 after purchasing an additional 7,262 shares during the period. Mariner LLC grew its holdings in UBS Group by 4.5% during the fourth quarter. Mariner LLC now owns 217,246 shares of the bank’s stock valued at $10,063,000 after purchasing an additional 9,297 shares during the period. Finally, Focus Partners Wealth increased its position in UBS Group by 115.0% in the fourth quarter. Focus Partners Wealth now owns 51,287 shares of the bank’s stock worth $2,375,000 after buying an additional 27,428 shares during the last quarter.

UBS Group Price Performance

Shares of NYSE:UBS opened at $50.46 on Wednesday. The company has a 50 day moving average of $45.11 and a 200 day moving average of $43.67. The stock has a market cap of $157.62 billion, a P/E ratio of 18.08, a P/E/G ratio of 0.83 and a beta of 1.19. UBS Group AG has a 12 month low of $30.36 and a 12 month high of $50.91. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23.

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, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. As a group, sell-side analysts forecast that UBS Group AG will post 3.33 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings lowered UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.30.

UBS Group 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.