UBS Group AG (NYSE:UBS) Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its stake in UBS Group AG by 8.2% in the first quarter, making it the bank's second largest holding, valued at approximately $1.69 billion.
• Analysts have given UBS Group a consensus rating of "Moderate Buy," with several firms upgrading their ratings and expectations for future earnings.
• UBS Group reported strong financial performance, achieving earnings of $0.51 per share for the last quarter, surpassing analyst estimates significantly.

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in UBS Group AG (NYSE:UBS - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,586,232 shares of the bank's stock after purchasing an additional 4,207,140 shares during the period. UBS Group comprises approximately 4.8% of Zurcher Kantonalbank Zurich Cantonalbank's portfolio, making the stock its 2nd biggest holding. Zurcher Kantonalbank Zurich Cantonalbank owned 1.73% of UBS Group worth $1,688,163,000 at the end of the most recent reporting period.

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

UBS Group Stock Up 0.5%

UBS traded up $0.21 on Wednesday, hitting $38.21. The company had a trading volume of 1,594,370 shares, compared to its average volume of 3,220,115. The stock has a fifty day moving average price of $33.82 and a 200-day moving average price of $32.64. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $38.42. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $122.50 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 0.68 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. The company had revenue of $11.55 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same period last year, the business posted $0.34 earnings per share. Analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Wedbush reissued a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Finally, Citigroup restated a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, UBS Group presently has a consensus rating of "Moderate Buy".

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.