Banque Pictet & Cie SA Buys 144,502 Shares of UBS Group AG (NYSE:UBS)

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

Other hedge funds have also added to or reduced their stakes in the company. City Holding Co. bought a new stake in UBS Group in the 1st quarter worth about $25,000. Grove Bank & Trust purchased a new position in UBS Group in the first quarter valued at about $28,000. Rakuten Securities Inc. purchased a new position in UBS Group in the fourth quarter valued at about $30,000. Headlands Technologies LLC purchased a new position in UBS Group in the fourth quarter valued at about $33,000. Finally, Continuum Advisory LLC boosted its stake in UBS Group by 31.1% in the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after acquiring an additional 477 shares during the last quarter.

UBS Group Trading Up 1.8%

Shares of UBS stock traded up $0.64 on Wednesday, hitting $35.81. 3,283,876 shares of the company's stock traded hands, compared to its average volume of 2,459,302. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04. UBS Group AG has a one year low of $25.75 and a one year high of $36.00. The company's fifty day simple moving average is $32.33 and its 200 day simple moving average is $32.06. The stock has a market capitalization of $114.82 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 0.89 and a beta of 1.15.

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

Analyst Ratings Changes

A number of research analysts have weighed in on UBS shares. Morgan Stanley cut shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Citigroup restated a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

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.