UBS Group AG $UBS Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in UBS Group AG by 15.8% during Q1, acquiring 41,088 additional shares, bringing its total holdings to 300,414 shares worth approximately $9.2 million.
• Several other institutional investors, including City Holding Co. and Berbice Capital Management, have also established or increased their positions in UBS Group during the same period.
• UBS Group reported earnings per share of $0.72 for its recent quarter, surpassing the consensus estimate, with revenues of $11.55 billion compared to anticipated earnings of $9.77 billion.

Charles Schwab Investment Management Inc. boosted its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 15.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 300,414 shares of the bank's stock after acquiring an additional 41,088 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in UBS Group were worth $9,202,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of UBS. Geode Capital Management LLC bought a new position in shares of UBS Group during the fourth quarter valued at approximately $1,104,000. First Trust Advisors LP lifted its holdings in shares of UBS Group by 13.4% during the 4th quarter. First Trust Advisors LP now owns 242,471 shares of the bank's stock valued at $7,394,000 after purchasing an additional 28,585 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of UBS Group by 0.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after purchasing an additional 320 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of UBS Group by 1.8% during the 4th quarter. Voya Investment Management LLC now owns 559,994 shares of the bank's stock valued at $17,135,000 after purchasing an additional 9,936 shares during the last quarter. Finally, Nebula Research & Development LLC lifted its holdings in shares of UBS Group by 6.6% during the 4th quarter. Nebula Research & Development LLC now owns 9,098 shares of the bank's stock valued at $276,000 after purchasing an additional 563 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Zacks Research raised UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy".

UBS Group Price Performance

NYSE UBS traded up $0.47 during mid-day trading on Thursday, hitting $40.63. The stock had a trading volume of 1,525,650 shares, compared to its average volume of 1,960,551. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $40.71. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05. The firm's 50 day moving average is $36.91 and its 200 day moving average is $33.41. The stock has a market capitalization of $130.26 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 0.71 and a beta of 1.18.

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

UBS Group Company 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.