Fullerton Fund Management Co Ltd. Buys Shares of 792,832 UBS Group AG (NYSE:UBS)

Fullerton Fund Management Co Ltd. acquired a new position in shares of UBS Group AG (NYSE:UBS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 792,832 shares of the bank's stock, valued at approximately $24,260,000. UBS Group comprises about 0.8% of Fullerton Fund Management Co Ltd.'s investment portfolio, making the stock its 28th biggest position.

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

Wall Street Analysts Forecast Growth

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

UBS Group Price Performance

Shares of UBS traded up $0.36 during trading hours on Tuesday, hitting $32.52. 3,656,836 shares of the company were exchanged, compared to its average volume of 2,289,301. UBS Group AG has a one year low of $25.75 and a one year high of $35.84. The company has a market capitalization of $104.27 billion, a PE ratio of 21.39 and a beta of 1.15. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a fifty day simple moving average of $30.40 and a 200-day simple moving average of $31.82.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. As a group, sell-side analysts predict that UBS Group AG will post 1.9 earnings per share for the current 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.