Nuveen LLC Invests $348.16 Million in UBS Group AG (NYSE:UBS)

Key Points

• Nuveen LLC has made a significant investment of approximately $348.16 million in UBS Group AG by acquiring 11,445,119 shares during the first quarter.
• A variety of other investors have also recently increased their holdings in UBS, with some acquiring new stakes ranging from $25,000 to $61,000.
• Analyst ratings for UBS Group are mixed, with two analysts issuing a sell rating and others offering ratings from hold to strong buy, resulting in a consensus rating of "Hold".

Nuveen LLC bought a new position in shares of UBS Group AG (NYSE:UBS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,445,119 shares of the bank's stock, valued at approximately $348,161,000. Nuveen LLC owned about 0.36% of UBS Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in UBS Group by 2.8% in the first quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank's stock valued at $4,037,467,000 after acquiring an additional 3,562,475 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in UBS Group by 8.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock worth $1,688,163,000 after purchasing an additional 4,207,140 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of UBS Group by 88.5% in the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank's stock valued at $1,153,354,000 after acquiring an additional 17,676,829 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of UBS Group by 1.3% in the first quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank's stock valued at $1,075,976,000 after acquiring an additional 449,013 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of UBS Group by 16.1% in the first quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank's stock valued at $960,278,000 after acquiring an additional 4,337,005 shares in the last quarter.

UBS Group Price Performance

Shares of UBS stock traded up $0.72 during midday trading on Tuesday, reaching $39.52. 2,209,040 shares of the company traded hands, compared to its average volume of 2,158,902. The firm's 50 day simple moving average is $35.05 and its two-hundred day simple moving average is $32.93. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $39.71. 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 has a market cap of $126.72 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 0.68 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the firm earned $0.34 EPS. On average, equities research analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wedbush reissued a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Morgan Stanley lowered UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

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.