Andra AP fonden Raises Stock Position in UBS Group AG $UBS

Andra AP fonden raised its holdings in UBS Group AG (NYSE:UBSFree Report) by 578.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 442,119 shares of the bank’s stock after purchasing an additional 376,955 shares during the quarter. Andra AP fonden’s holdings in UBS Group were worth $17,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBS. Whipplewood Advisors LLC purchased a new position in shares of UBS Group during the 1st quarter valued at about $25,000. MidFirst Bank purchased a new stake in shares of UBS Group in the fourth quarter worth about $30,000. Navalign LLC acquired a new stake in UBS Group during the fourth quarter worth about $32,000. Larson Financial Group LLC grew its holdings in UBS Group by 118.4% during the third 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 period. Finally, JPL Wealth Management LLC purchased a new position in UBS Group during the third quarter valued at approximately $37,000.

UBS Group Stock Performance

Shares of UBS Group stock opened at $52.35 on Wednesday. The business’s 50 day moving average price is $49.33 and its 200 day moving average price is $45.08. The company has a market cap of $163.53 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 0.80 and a beta of 1.19. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. UBS Group AG has a one year low of $35.94 and a one year high of $55.15.

UBS Group (NYSE:UBSGet Free Report) last issued 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 return on equity of 10.05% and a net margin of 12.66%.The company had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.16 billion. On average, research analysts predict that UBS Group AG will post 3.51 EPS for the current year.

Key Headlines Impacting UBS Group

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

Analysts Set New Price Targets

UBS has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Monday, June 29th. Keefe, Bruyette & Woods downgraded shares of UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Monday. Finally, Wall Street Zen raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.30.

Check Out Our Latest Stock Report on UBS Group

UBS Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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