USS Investment Management Ltd Raises Stake in UBS Group AG (NYSE:UBS)

USS Investment Management Ltd raised its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 516,617 shares of the bank's stock after buying an additional 13,247 shares during the quarter. USS Investment Management Ltd's holdings in UBS Group were worth $15,769,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Berbice Capital Management LLC bought a new position in shares of UBS Group in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. bought a new stake in UBS Group during the 4th quarter worth approximately $30,000. Headlands Technologies LLC purchased a new stake in UBS Group in the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new position in UBS Group in the 4th quarter valued at $41,000. Finally, Farther Finance Advisors LLC boosted its holdings in UBS Group by 27.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock valued at $68,000 after purchasing an additional 482 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Morgan Stanley lowered UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Bank of America downgraded shares of UBS Group from a "neutral" rating to an "underperform" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

UBS Group Stock Down 4.4%

UBS opened at $32.28 on Wednesday. The business's fifty day simple moving average is $30.47 and its 200 day simple moving average is $31.87. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The stock has a market cap of $103.50 billion, a PE ratio of 21.24 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $10.19 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. As a group, research analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

UBS Group Company 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.

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