Lansforsakringar Fondforvaltning AB publ Invests $34.84 Million in UBS Group AG (NYSE:UBS)

Lansforsakringar Fondforvaltning AB publ purchased a new stake in UBS Group AG (NYSE:UBS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,138,973 shares of the bank's stock, valued at approximately $34,837,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UBS. Brucke Financial Inc. acquired a new stake in UBS Group during the 4th quarter worth about $617,000. Mackenzie Financial Corp boosted its position in UBS Group by 0.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,778,047 shares of the bank's stock worth $53,910,000 after acquiring an additional 14,817 shares during the period. Forum Financial Management LP boosted its position in UBS Group by 20.8% during the 4th quarter. Forum Financial Management LP now owns 68,105 shares of the bank's stock worth $2,065,000 after acquiring an additional 11,749 shares during the period. Vise Technologies Inc. boosted its position in UBS Group by 16.5% during the 4th quarter. Vise Technologies Inc. now owns 54,234 shares of the bank's stock worth $1,644,000 after acquiring an additional 7,690 shares during the period. Finally, Inspire Trust Co. N.A. boosted its position in UBS Group by 3.4% during the 4th quarter. Inspire Trust Co. N.A. now owns 108,000 shares of the bank's stock worth $3,275,000 after acquiring an additional 3,583 shares during the period.

UBS Group Stock Up 0.8%

Shares of UBS traded up $0.26 during midday trading on Friday, reaching $31.90. 3,932,114 shares of the stock were exchanged, compared to its average volume of 2,356,179. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $35.84. The firm has a 50 day simple moving average of $30.25 and a 200-day simple moving average of $31.86. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The company has a market cap of $102.28 billion, a price-to-earnings ratio of 20.99 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. Research analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

Analyst Ratings Changes

UBS has been the subject of a number of research reports. Wedbush restated a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Bank of America lowered UBS Group from a "neutral" rating to an "underperform" rating in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Morgan Stanley downgraded UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, UBS Group has an average rating of "Moderate Buy".

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.