Simon Quick Advisors LLC acquired a new position in shares of UBS Group AG (NYSE:UBS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 8,210 shares of the bank's stock, valued at approximately $251,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of UBS Group in the fourth quarter valued at approximately $5,594,066,000. Vanguard Group Inc. boosted its position in shares of UBS Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank's stock worth $3,915,512,000 after purchasing an additional 1,296,428 shares in the last quarter. FMR LLC boosted its position in shares of UBS Group by 29.4% during the 4th quarter. FMR LLC now owns 55,533,620 shares of the bank's stock worth $1,695,087,000 after purchasing an additional 12,609,616 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of UBS Group by 18.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock worth $1,070,335,000 after purchasing an additional 5,555,624 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of UBS Group by 162.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank's stock valued at $858,359,000 after purchasing an additional 17,525,749 shares in the last quarter.
Analyst Ratings Changes
UBS has been the topic of a number of research analyst reports. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Bank of America lowered UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, UBS Group presently has an average rating of "Moderate Buy".
Read Our Latest Report on UBS
UBS Group Price Performance
Shares of UBS traded up $0.04 during trading hours on Monday, reaching $32.02. 1,615,479 shares of the company traded hands, compared to its average volume of 2,417,027. The stock has a market capitalization of $102.68 billion, a PE ratio of 21.07 and a beta of 1.16. The stock has a fifty day simple moving average of $30.88 and a 200 day simple moving average of $31.93. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $35.84. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76.
UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The company had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. As a group, research analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.
About UBS Group
(
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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