Lansforsakringar Fondforvaltning AB publ Has $35.88 Million Position in UBS Group AG $UBS

Key Points

• Lansforsakringar Fondforvaltning AB increased its position in UBS Group AG by 3.7% during the first quarter, now holding 1,181,261 shares worth approximately $35.88 million.
• Goldman Sachs significantly raised its holdings in UBS by 88.5%, acquiring 17.68 million additional shares, bringing their total ownership to 37.65 million shares valued at over $1.15 billion.
• Analysts maintain a mixed outlook on UBS, with a current consensus rating of "Moderate Buy", and various firms assigning ratings ranging from "Strong Buy" to "Sell".

Lansforsakringar Fondforvaltning AB publ grew its position in UBS Group AG (NYSE:UBS - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,181,261 shares of the bank's stock after buying an additional 42,288 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in UBS Group were worth $35,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBS. City Holding Co. acquired a new position in shares of UBS Group in the 1st quarter valued at approximately $25,000. Grove Bank & Trust bought a new stake in shares of UBS Group during the 1st quarter valued at approximately $28,000. Berbice Capital Management LLC grew its holdings in shares of UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after purchasing an additional 400 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of UBS Group by 45.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after purchasing an additional 461 shares during the last quarter. Finally, Continuum Advisory LLC grew its holdings in shares of UBS Group by 31.1% during the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after purchasing an additional 477 shares during the last quarter.

Wall Street Analyst Weigh In

UBS has been the topic of several research reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Wall Street Zen raised shares of UBS Group from a "sell" rating to a "hold" rating in a report on Saturday. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Finally, Wedbush reissued a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Two investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

UBS Group Trading Down 0.2%

Shares of NYSE UBS traded down $0.10 during midday trading on Monday, reaching $40.51. The stock had a trading volume of 1,240,890 shares, compared to its average volume of 1,789,001. The firm has a market cap of $129.88 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. 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 quick ratio of 1.05 and a current ratio of 1.05. The company's 50 day moving average price is $37.11 and its 200 day moving average price is $33.46.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to the consensus estimate 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 earned $0.34 EPS. As a group, sell-side analysts expect that UBS Group AG will post 1.9 EPS for the current year.

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.