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Banque Pictet & Cie SA Has $24.97 Million Stake in UBS Group AG (NYSE:UBS)

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Banque Pictet & Cie SA increased its position in UBS Group AG (NYSE:UBS - Free Report) by 21.3% in 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 quarter. Banque Pictet & Cie SA's holdings in UBS Group were worth $24,972,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UBS. Proficio Capital Partners LLC acquired a new stake in shares of UBS Group in the fourth quarter valued at $396,000. Steward Partners Investment Advisory LLC boosted its holdings in UBS Group by 42.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,989 shares of the bank's stock worth $91,000 after buying an additional 887 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in UBS Group by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 259,326 shares of the bank's stock worth $7,863,000 after buying an additional 39,284 shares in the last quarter. Assetmark Inc. boosted its holdings in UBS Group by 13.0% during the fourth quarter. Assetmark Inc. now owns 51,938 shares of the bank's stock worth $1,575,000 after buying an additional 5,974 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in UBS Group during the fourth quarter worth approximately $31,449,000.

UBS Group Stock Up 0.9%

UBS traded up $0.31 during trading on Thursday, reaching $36.11. 2,226,460 shares of the stock traded hands, compared to its average volume of 2,470,684. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $115.77 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 0.93 and a beta of 1.15. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $36.23. The stock's 50-day simple moving average is $32.56 and its two-hundred day simple moving average is $32.12.

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. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. As a group, equities research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Wall Street Analyst Weigh In

UBS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Morgan Stanley cut UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reissued 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 assigned 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, UBS Group has an average rating of "Hold".

Read Our Latest Stock Report on UBS Group

About UBS Group

(Free Report)

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

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