UBS Group AG (NYSE:UBS) Shares Bought by Forsta AP Fonden

Key Points

• Forsta AP Fonden significantly increased its stake in UBS Group AG by 96.4%, owning a total of 461,854 shares valued at approximately $14.15 million as of its latest SEC filing.
• Equities analysts have mixed ratings on UBS Group, with two sell ratings, four hold ratings, five buy ratings, and one strong buy rating, resulting in an average rating of "Hold".
• UBS Group reported $0.72 earnings per share for the last quarter, exceeding expectations, alongside a revenue of $11.55 billion against a forecast of $9.77 billion.

Forsta AP Fonden raised its holdings in UBS Group AG (NYSE:UBS - Free Report) by 96.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 461,854 shares of the bank's stock after purchasing an additional 226,700 shares during the quarter. Forsta AP Fonden's holdings in UBS Group were worth $14,147,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in UBS. Geode Capital Management LLC purchased a new stake in UBS Group in the fourth quarter valued at $1,104,000. Invesco Ltd. boosted its holdings in UBS Group by 20.0% in the fourth quarter. Invesco Ltd. now owns 2,404,933 shares of the bank's stock valued at $72,918,000 after purchasing an additional 400,694 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of UBS Group during the 4th quarter worth about $31,449,000. Bessemer Group Inc. boosted its stake in shares of UBS Group by 0.9% during the 4th quarter. Bessemer Group Inc. now owns 58,777 shares of the bank's stock worth $1,782,000 after acquiring an additional 538 shares in the last quarter. Finally, Legacy Financial Advisors Inc. purchased a new stake in shares of UBS Group during the 4th quarter worth about $322,000.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UBS. Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Wedbush reissued a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Finally, Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

UBS Group Price Performance

Shares of UBS traded up $0.60 during mid-day trading on Friday, hitting $39.54. 1,744,669 shares of the company were exchanged, compared to its average volume of 2,047,204. 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 quick ratio of 1.05 and a current ratio of 1.05. The company has a 50 day moving average of $34.79 and a 200-day moving average of $32.86. The stock has a market cap of $126.78 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter in the prior year, the firm earned $0.34 EPS. Analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

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.