UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $2.29 Billion Stake in UBS Group AG $UBS

Key Points

• UBS AM, a unit of UBS Asset Management Americas LLC, increased its stake in UBS Group AG by 1.9% during the first quarter, bringing its total shares to 74,893,429, valued at approximately $2.29 billion.
• Other significant investors, such as Vanguard Group and Goldman Sachs, also raised their stakes in UBS Group during the same period, with Goldman Sachs increasing its position by an outstanding 88.5%.
• UBS Group recently reported a quarterly earnings per share of $0.72, surpassing analysts' expectations, and has a current market capitalization of $130 billion.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in UBS Group AG (NYSE:UBS - Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,893,429 shares of the bank's stock after buying an additional 1,363,149 shares during the quarter. UBS Group accounts for about 0.6% of UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC's portfolio, making the stock its 24th largest position. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 2.34% of UBS Group worth $2,293,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of UBS. Vanguard Group Inc. raised its position in UBS Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank's stock valued at $4,037,467,000 after buying an additional 3,562,475 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group by 8.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock worth $1,688,163,000 after acquiring an additional 4,207,140 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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. Pictet Asset Management Holding SA boosted its stake in UBS Group by 1.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank's stock valued at $1,075,976,000 after purchasing an additional 449,013 shares during the period. Finally, Deutsche Bank AG boosted its stake in 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.

UBS Group Price Performance

UBS Group stock opened at $40.55 on Tuesday. The firm has a market capitalization of $130.00 billion, a P/E ratio of 21.45, a PEG ratio of 0.71 and a beta of 1.21. UBS Group AG has a one year low of $25.75 and a one year high of $40.90. The business has a fifty day moving average price of $38.02 and a 200-day moving average price of $33.73. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05.

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, beating 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 company had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter last year, the company earned $0.34 earnings per share. As a group, equities research analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UBS. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Wedbush restated a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, Zacks Research raised UBS Group to a "strong-buy" rating in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

UBS Group Company 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.

Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS Group AG (NYSE:UBS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.