UBS Group AG (NYSE:UBS) Position Increased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in UBS Group AG (NYSE:UBS - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,428,808 shares of the bank's stock after acquiring an additional 449,013 shares during the quarter. UBS Group accounts for 1.2% of Pictet Asset Management Holding SA's portfolio, making the stock its 11th largest position. Pictet Asset Management Holding SA owned about 1.10% of UBS Group worth $1,075,976,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. City Holding Co. bought a new position in UBS Group during the 1st quarter valued at $25,000. Grove Bank & Trust bought a new position in UBS Group during the 1st quarter valued at $28,000. Headlands Technologies LLC bought a new position in UBS Group during the 4th quarter valued at $33,000. Berbice Capital Management LLC boosted its stake in shares of UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after acquiring an additional 400 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of UBS Group by 45.9% during the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after acquiring an additional 461 shares in the last quarter.

UBS Group Stock Up 1.5%

Shares of UBS Group stock traded up $0.55 during midday trading on Monday, hitting $36.57. The company's stock had a trading volume of 374,589 shares, compared to its average volume of 2,485,432. The firm has a market capitalization of $117.24 billion, a P/E ratio of 24.22, a PEG ratio of 0.94 and a beta of 1.15. The stock has a 50-day simple moving average of $33.14 and a 200-day simple moving average of $32.37. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.72. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $36.58.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. The business 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 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Wedbush reissued a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus 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.