UBS Group AG $UBS Shares Bought by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in UBS Group AG by 0.3% in Q1, owning approximately 3 million shares valued at $92.7 million after acquiring an additional 8,342 shares.
• Several investment firms, including Wealth Enhancement Advisory Services and GAMMA Investing LLC, also significantly increased their holdings in UBS Group during the same quarter.
• UBS Group's stock is currently trading at $40.19, with a 52-week range of $25.75 to $40.44, and it reported earnings per share of $0.72, exceeding estimates of $0.70.

Ameriprise Financial Inc. raised its holdings in UBS Group AG (NYSE:UBS - Free Report) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,027,712 shares of the bank's stock after purchasing an additional 8,342 shares during the quarter. Ameriprise Financial Inc. owned 0.09% of UBS Group worth $92,733,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in UBS Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank's stock valued at $4,037,467,000 after purchasing an additional 3,562,475 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in UBS Group by 8.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock valued at $1,688,163,000 after purchasing an additional 4,207,140 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in UBS Group by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock valued at $1,153,354,000 after purchasing an additional 17,676,829 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in UBS Group by 1.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank's stock valued at $1,075,976,000 after purchasing an additional 449,013 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in UBS Group by 16.1% in the 1st quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank's stock valued at $960,278,000 after purchasing an additional 4,337,005 shares in the last quarter.

UBS Group Price Performance

UBS stock traded up $0.47 on Thursday, reaching $40.63. The company had a trading volume of 1,525,650 shares, compared to its average volume of 1,960,551. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $40.71. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The company's fifty day moving average is $36.91 and its 200 day moving average is $33.41. The company has a market cap of $130.26 billion, a P/E ratio of 21.49, a PEG ratio of 0.71 and a beta of 1.18.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UBS. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a report on Thursday, August 14th. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Zacks Research raised UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Wall Street Zen downgraded UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Finally, DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, UBS Group has a consensus rating of "Moderate Buy".

UBS Group Profile

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.