Zurich Insurance Group Ltd FI Grows Stock Position in UBS Group AG (NYSE:UBS)

Zurich Insurance Group Ltd FI boosted its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 44.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 855,185 shares of the bank's stock after buying an additional 263,900 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in UBS Group were worth $26,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of UBS. Kingsview Wealth Management LLC purchased a new position in shares of UBS Group during the 4th quarter worth about $218,000. Jones Financial Companies Lllp lifted its stake in UBS Group by 142.4% in the fourth quarter. Jones Financial Companies Lllp now owns 22,023 shares of the bank's stock worth $668,000 after purchasing an additional 12,939 shares during the last quarter. Park Avenue Securities LLC lifted its stake in UBS Group by 21.7% in the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank's stock worth $1,128,000 after purchasing an additional 6,638 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of UBS Group by 13.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 42,753 shares of the bank's stock valued at $1,307,000 after buying an additional 4,912 shares during the period. Finally, Orca Wealth Management LLC bought a new position in shares of UBS Group during the fourth quarter valued at approximately $1,826,000.

UBS Group Stock Performance

Shares of UBS Group stock opened at $32.28 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The firm has a market cap of $103.50 billion, a P/E ratio of 21.24 and a beta of 1.15. The stock's fifty day moving average price is $30.47 and its 200-day moving average price is $31.87. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly 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. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. On average, equities research analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UBS. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Bank of America cut shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Morgan Stanley cut shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

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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