Pictet Asset Management Holding SA Has $1.08 Billion Position in UBS Group AG (NYSE:UBS)

Pictet Asset Management Holding SA lifted its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,428,808 shares of the bank's stock after acquiring an additional 449,013 shares during the quarter. UBS Group makes up about 1.2% of Pictet Asset Management Holding SA's investment portfolio, making the stock its 11th largest position. Pictet Asset Management Holding SA owned approximately 1.10% of UBS Group worth $1,075,976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blair William & Co. IL raised its position in shares of UBS Group by 11.5% during the fourth quarter. Blair William & Co. IL now owns 7,976 shares of the bank's stock worth $242,000 after acquiring an additional 823 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of UBS Group by 27.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock worth $68,000 after purchasing an additional 482 shares during the period. Proficio Capital Partners LLC bought a new stake in UBS Group in the fourth quarter valued at about $396,000. Thrivent Financial for Lutherans increased its holdings in UBS Group by 3.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,302 shares of the bank's stock valued at $531,000 after purchasing an additional 527 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in UBS Group by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 259,326 shares of the bank's stock valued at $7,863,000 after purchasing an additional 39,284 shares during the last quarter.

UBS Group Stock Performance

NYSE:UBS remained flat at $36.04 on Friday. The company's stock had a trading volume of 1,430,812 shares, compared to its average volume of 2,487,142. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $36.26. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.72. The stock has a market cap of $115.56 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 0.94 and a beta of 1.15. The stock's fifty day moving average price is $33.14 and its 200-day moving average price is $32.34.

UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. The firm had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $10.19 billion. As a group, sell-side analysts expect that UBS Group AG will post 1.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UBS shares. Keefe, Bruyette & Woods upgraded UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Wedbush reiterated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Bank of America downgraded UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Finally, DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold".

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.