Allianz Asset Management GmbH Buys 41,780 Shares of UBS Group AG $UBS

Key Points

• Allianz Asset Management GmbH increased its stake in UBS Group AG by 1.0%, acquiring an additional 41,780 shares during the second quarter, bringing their total ownership to over 4.17 million shares valued at approximately $140.8 million.
• UBS recently reported quarterly earnings of $0.72 EPS, surpassing analyst estimates and generating $11.55 billion in revenue, considerably higher than the forecast of $9.77 billion.
• Analysts have mixed ratings on UBS stock, with recent assessments including two "Strong Buy," six "Buy," four "Hold," and one "Sell," reflecting a general optimism among market watchers.

Allianz Asset Management GmbH lifted its stake in UBS Group AG (NYSE:UBS - Free Report) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,174,157 shares of the bank's stock after acquiring an additional 41,780 shares during the quarter. Allianz Asset Management GmbH owned 0.13% of UBS Group worth $140,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in UBS. Goldman Sachs Group Inc. raised its stake in shares of UBS Group by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock worth $1,153,354,000 after buying an additional 17,676,829 shares during the period. Nuveen LLC bought a new stake in UBS Group during the 1st quarter worth approximately $348,161,000. Banque Cantonale Vaudoise purchased a new position in shares of UBS Group in the first quarter worth $206,885,000. Deutsche Bank AG lifted its holdings in shares of UBS Group by 16.1% in the first quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank's stock worth $960,278,000 after buying an additional 4,337,005 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of UBS Group by 8.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock worth $1,688,163,000 after buying an additional 4,207,140 shares in the last quarter.

UBS Group Stock Performance

UBS stock opened at $39.09 on Thursday. The firm has a market cap of $125.32 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 0.65 and a beta of 1.18. The firm has a 50-day simple moving average of $40.43 and a two-hundred day simple moving average of $35.16. UBS Group AG has a one year low of $25.75 and a one year high of $42.56. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, equities analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

UBS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Weiss Ratings restated a "buy (b)" rating on shares of UBS Group in a research report on Wednesday, October 8th. Morgan Stanley restated an "underweight" rating on shares of UBS Group in a report on Monday, October 6th. Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, September 28th. Finally, Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.

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