UBS Group AG (NYSE:UBS) Shares Purchased by Prudential PLC

Key Points

• Prudential PLC increased its stake in UBS Group AG by 5.2%, acquiring a total of 299,648 shares valued at approximately $9.1 million.
• Several hedge funds, including Goldman Sachs Group Inc., escalated their holdings in UBS Group, with Goldman Sachs increasing its stake by 88.5% during the same quarter.
• UBS reported earnings of $0.72 per share for the last quarter, surpassing analysts' estimates, with revenues reaching $11.55 billion, significantly above predictions of $9.77 billion.

Prudential PLC lifted its position in UBS Group AG (NYSE:UBS - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 299,648 shares of the bank's stock after acquiring an additional 14,886 shares during the period. Prudential PLC's holdings in UBS Group were worth $9,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in UBS Group by 2.8% in the first quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank's stock valued at $4,037,467,000 after purchasing an additional 3,562,475 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in UBS Group by 8.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank's stock valued at $1,688,163,000 after purchasing an additional 4,207,140 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in UBS Group by 88.5% in the first 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 last quarter. Pictet Asset Management Holding SA boosted its holdings in UBS Group by 1.3% in the first 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 last quarter. Finally, Deutsche Bank AG boosted its holdings in UBS Group by 16.1% in the first 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 last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UBS shares. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, UBS Group presently has an average rating of "Hold".

UBS Group Trading Up 1.9%

Shares of UBS Group stock opened at $39.52 on Wednesday. The firm has a market capitalization of $126.72 billion, a PE ratio of 20.91, a P/E/G ratio of 0.68 and a beta of 1.18. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $39.71. The firm's 50-day moving average price is $35.05 and its 200 day moving average price is $32.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same period last year, the company posted $0.34 EPS. On average, sell-side analysts predict 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.

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