Nuveen Asset Management LLC Raises Stock Position in UBS Group AG (NYSE:UBS)

Nuveen Asset Management LLC increased its holdings in shares of UBS Group AG (NYSE:UBS - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,891,970 shares of the bank's stock after purchasing an additional 816,082 shares during the quarter. Nuveen Asset Management LLC owned 0.37% of UBS Group worth $363,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in UBS Group by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank's stock valued at $3,277,000 after acquiring an additional 1,114 shares during the period. Kathmere Capital Management LLC lifted its position in UBS Group by 3.9% during the fourth quarter. Kathmere Capital Management LLC now owns 34,747 shares of the bank's stock valued at $1,054,000 after purchasing an additional 1,309 shares during the period. Park Avenue Securities LLC lifted its position in UBS Group by 21.7% during the fourth quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank's stock valued at $1,128,000 after purchasing an additional 6,638 shares during the period. Ritholtz Wealth Management boosted its holdings in UBS Group by 16.6% in the fourth quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank's stock worth $6,270,000 after purchasing an additional 29,367 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd grew its position in UBS Group by 15.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 2,090,000 shares of the bank's stock worth $63,908,000 after purchasing an additional 272,789 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a report on Monday, May 12th. StockNews.com downgraded UBS Group from a "buy" rating to a "hold" rating in a report on Wednesday, January 22nd. DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a research report on Thursday, March 27th. Finally, Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, UBS Group presently has a consensus rating of "Moderate Buy".

UBS Group Stock Performance

UBS Group stock traded down $0.27 during trading on Friday, reaching $33.02. The company had a trading volume of 2,659,954 shares, compared to its average volume of 2,300,838. The firm has a market capitalization of $105.86 billion, a price-to-earnings ratio of 21.72 and a beta of 1.15. 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's 50-day simple moving average is $30.42 and its 200 day simple moving average is $31.85. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84.

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, topping analysts' consensus estimates of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $10.19 billion. Sell-side analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

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.