TrueMark Investments LLC acquired a new stake in UBS Group AG (NYSE:UBS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,956 shares of the bank's stock, valued at approximately $1,959,000.
A number of other hedge funds also recently modified their holdings of UBS. Norges Bank bought a new position in UBS Group in the 4th quarter valued at about $5,594,066,000. Vanguard Group Inc. increased its stake in shares of UBS Group by 1.0% during the fourth 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 during the period. FMR LLC lifted its holdings in 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 during the last quarter. Pictet Asset Management Holding SA boosted its stake in UBS Group by 18.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock valued at $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 grew its holdings in 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 buying an additional 17,525,749 shares in the last quarter.
Wall Street Analysts Forecast Growth
UBS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a report on Monday, May 12th. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".
View Our Latest Report on UBS Group
UBS Group Price Performance
NYSE UBS traded up $1.01 on Tuesday, hitting $32.07. 2,324,585 shares of the company's stock were exchanged, compared to its average volume of 2,427,619. The stock has a 50-day moving average of $31.32 and a 200-day moving average of $31.87. The stock has a market cap of $102.84 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 0.83 and a beta of 1.16. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.72.
UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. Analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.
UBS Group Profile
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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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