DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of UBS Group AG (NYSE:UBS - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,240,888 shares of the bank's stock after purchasing an additional 663,673 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in UBS Group were worth $410,692,000 at the end of the most recent reporting period.
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Other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in UBS Group in the fourth quarter worth approximately $28,000. Cary Street Partners Investment Advisory LLC grew its position in UBS Group by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank's stock valued at $33,000 after purchasing an additional 512 shares during the period. First Horizon Advisors Inc. grew its position in UBS Group by 91.2% in the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank's stock valued at $48,000 after purchasing an additional 736 shares during the period. Naples Money Management LLC acquired a new position in UBS Group during the fourth quarter worth $51,000. Finally, Global Retirement Partners LLC raised its holdings in UBS Group by 24.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank's stock worth $61,000 after buying an additional 402 shares during the last quarter.
Analyst Ratings Changes
Several research firms have recently commented on UBS. Morgan Stanley raised shares of UBS Group from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 8th. BNP Paribas cut UBS Group from an "outperform" rating to a "neutral" rating in a research report on Monday, April 22nd. Finally, Citigroup downgraded UBS Group from a "buy" rating to a "neutral" rating in a report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, UBS Group has a consensus rating of "Hold".
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View Our Latest Stock Report on UBS Group
UBS Group Stock Down 0.4 %
UBS stock traded down $0.12 during trading on Friday, reaching $30.30. The stock had a trading volume of 1,022,028 shares, compared to its average volume of 2,648,789. UBS Group AG has a one year low of $19.25 and a one year high of $32.13. The company's 50 day moving average is $29.56 and its two-hundred day moving average is $29.52. The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of 3.29 and a beta of 1.16. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00.
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UBS Group (NYSE:UBS - Get Free Report) last released its earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.29. The company had revenue of $12.74 billion during the quarter, compared to analyst estimates of $12.05 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. Equities research analysts forecast that UBS Group AG will post 0.78 EPS for the current year.
UBS Group Profile
(Free Report)
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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