UBS Group AG (NYSE:UBS) Shares Bought by Maryland State Retirement & Pension System

Key Points

• Maryland State Retirement & Pension System increased its stake in UBS Group AG by 35.4% during the 1st quarter, owning a total of 417,706 shares valued at approximately $12.7 million.
• UBS Group reported a quarterly earnings per share (EPS) of $0.72, surpassing expectations of $0.70, with revenues totaling $11.55 billion for the quarter.
• Bank of America upgraded UBS Group from an "underperform" to a "neutral" rating, reflecting a more positive outlook as analysts issue varying ratings, with a consensus rating of "Hold".

Maryland State Retirement & Pension System lifted its holdings in UBS Group AG (NYSE:UBS - Free Report) by 35.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,706 shares of the bank's stock after buying an additional 109,105 shares during the quarter. Maryland State Retirement & Pension System's holdings in UBS Group were worth $12,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UBS. City Holding Co. acquired a new stake in UBS Group in the first quarter valued at $25,000. Grove Bank & Trust purchased a new position in shares of UBS Group in the 1st quarter valued at about $28,000. Headlands Technologies LLC acquired a new stake in shares of UBS Group in the fourth quarter valued at about $33,000. Berbice Capital Management LLC lifted its stake in shares of UBS Group by 44.4% in the first 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 period. Finally, Rakuten Securities Inc. grew its position in UBS Group by 45.9% during the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after buying an additional 461 shares during the period.

UBS Group Trading Up 1.5%

Shares of UBS traded up $0.60 on Friday, hitting $39.54. 1,744,669 shares of the stock traded hands, compared to its average volume of 2,034,843. The firm has a market capitalization of $126.78 billion, a P/E ratio of 20.92, a P/E/G ratio of 0.68 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $39.71. The stock's 50 day moving average is $34.79 and its two-hundred day moving average is $32.89.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.55 billion for the quarter, compared to analysts' expectations of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, sell-side analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

UBS has been the subject of a number of research reports. Wall Street Zen downgraded shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Finally, Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold".

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.