Legacy Wealth Asset Management LLC increased its position in UBS Group AG (NYSE:UBS - Free Report) by 38.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,370 shares of the bank's stock after purchasing an additional 23,356 shares during the quarter. UBS Group makes up about 0.7% of Legacy Wealth Asset Management LLC's investment portfolio, making the stock its 14th largest holding. Legacy Wealth Asset Management LLC's holdings in UBS Group were worth $2,820,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in UBS. Goldman Sachs Group Inc. lifted its stake in shares of UBS Group by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock valued at $1,153,354,000 after purchasing an additional 17,676,829 shares during the period. Nuveen LLC purchased a new position in shares of UBS Group in the 1st quarter valued at approximately $348,161,000. Banque Cantonale Vaudoise purchased a new position in shares of UBS Group in the 1st quarter valued at approximately $206,885,000. Deutsche Bank AG lifted its stake in shares of UBS Group by 16.1% in the 1st quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank's stock valued at $960,278,000 after purchasing an additional 4,337,005 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of UBS Group by 8.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock valued at $1,688,163,000 after purchasing an additional 4,207,140 shares during the period.
UBS Group Stock Down 0.4%
UBS stock opened at $38.33 on Tuesday. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $42.56. The business has a fifty day moving average price of $40.40 and a 200-day moving average price of $35.44. 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 stock has a market capitalization of $122.89 billion, a P/E ratio of 20.28, a P/E/G ratio of 0.62 and a beta of 1.18.
UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.The firm had revenue of $11.55 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same quarter in the previous year, the business earned $0.34 earnings per share. Equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
UBS has been the subject of a number of research analyst reports. Zacks Research upgraded UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Wall Street Zen cut UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, September 28th. Bank of America raised UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Finally, Morgan Stanley reissued an "underweight" rating on shares of UBS Group in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, UBS Group presently has an average rating of "Moderate Buy".
Get Our Latest Stock Analysis on UBS
UBS Group Profile
(
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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