Banque Pictet & Cie SA Grows Stake in UBS Group AG (NYSE:UBS)

Banque Pictet & Cie SA boosted its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 21.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 822,271 shares of the bank's stock after acquiring an additional 144,502 shares during the quarter. Banque Pictet & Cie SA's holdings in UBS Group were worth $24,972,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. City Holding Co. acquired a new stake in UBS Group during the first quarter worth approximately $25,000. Grove Bank & Trust acquired a new stake in UBS Group during the 1st quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new stake in UBS Group during the 4th quarter worth approximately $30,000. Headlands Technologies LLC bought a new stake in UBS Group in the 4th quarter valued at $33,000. Finally, Continuum Advisory LLC increased its position in UBS Group by 31.1% during the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after buying an additional 477 shares during the period.

UBS Group Trading Down 1.1%

NYSE UBS traded down $0.39 during trading hours on Friday, reaching $35.72. The company's stock had a trading volume of 1,497,486 shares, compared to its average volume of 2,466,807. The stock has a market cap of $114.53 billion, a P/E ratio of 23.66, a P/E/G ratio of 0.93 and a beta of 1.15. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $36.24. The firm has a fifty day simple moving average of $32.56 and a 200-day simple moving average of $32.12. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. Equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on UBS shares. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America cut shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. Citigroup restated a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Finally, Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, UBS Group has a consensus rating of "Hold".

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.