Allianz Asset Management GmbH Has $125.50 Million Stake in UBS Group AG (NYSE:UBS)

Allianz Asset Management GmbH lessened its stake in UBS Group AG (NYSE:UBS - Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,132,377 shares of the bank's stock after selling 105,003 shares during the quarter. Allianz Asset Management GmbH owned about 0.13% of UBS Group worth $125,495,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of UBS. Gallacher Capital Management LLC raised its position in shares of UBS Group by 3.3% during the first quarter. Gallacher Capital Management LLC now owns 16,570 shares of the bank's stock worth $508,000 after purchasing an additional 537 shares during the period. Lindbrook Capital LLC grew its stake in shares of UBS Group by 7.3% during the 1st quarter. Lindbrook Capital LLC now owns 12,069 shares of the bank's stock worth $370,000 after acquiring an additional 822 shares during the period. Diversify Advisory Services LLC boosted its stake in UBS Group by 11.7% in the 1st quarter. Diversify Advisory Services LLC now owns 13,623 shares of the bank's stock worth $416,000 after purchasing an additional 1,428 shares during the period. Pictet Asset Management Holding SA boosted its stake in UBS Group by 1.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank's stock worth $1,075,976,000 after purchasing an additional 449,013 shares during the period. Finally, Altman Advisors Inc. raised its holdings in shares of UBS Group by 1.4% in the 1st quarter. Altman Advisors Inc. now owns 69,782 shares of the bank's stock valued at $2,110,000 after acquiring an additional 948 shares in the last quarter.

UBS Group Price Performance

Shares of UBS traded up $0.74 during mid-day trading on Tuesday, reaching $37.04. 2,094,812 shares of the company's stock were exchanged, compared to its average volume of 2,487,188. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.72. The company has a 50-day simple moving average of $33.14 and a two-hundred day simple moving average of $32.37. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $37.05. The company has a market cap of $118.75 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 0.94 and a beta of 1.15.

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

Analyst Ratings Changes

Several equities research analysts have commented on the company. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Citigroup reaffirmed a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, five have assigned 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, UBS Group 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.