UBS Group AG $UBS Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in UBS Group AG (NYSE:UBS) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,357,012 shares of the bank’s stock after acquiring an additional 3,907,669 shares during the quarter. Vanguard Group Inc. owned about 4.22% of UBS Group worth $4,595,641,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. raised its position in shares of UBS Group by 120.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 21,433 shares of the bank’s stock valued at $656,000 after purchasing an additional 11,710 shares in the last quarter. Journey Strategic Wealth LLC bought a new position in UBS Group in the 1st quarter worth approximately $279,000. ANTIPODES PARTNERS Ltd grew its stake in shares of UBS Group by 9.6% in the first quarter. ANTIPODES PARTNERS Ltd now owns 2,684,289 shares of the bank’s stock worth $81,529,000 after purchasing an additional 234,528 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in UBS Group by 3.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 49,181 shares of the bank’s stock valued at $1,506,000 after buying an additional 1,778 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of UBS Group by 32.3% during the first quarter. Cetera Investment Advisers now owns 80,090 shares of the bank’s stock valued at $2,453,000 after acquiring an additional 19,541 shares during the period.

UBS Group Trading Up 0.5%

Shares of NYSE:UBS opened at $38.21 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The stock has a market capitalization of $122.51 billion, a PE ratio of 17.21, a P/E/G ratio of 0.66 and a beta of 1.20. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56. The firm has a fifty day moving average price of $39.66 and a 200 day moving average price of $36.94.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. The company had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UBS has been the subject of several recent research reports. Zacks Research lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. BNP Paribas cut UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Finally, Citigroup restated a “neutral” rating on shares of UBS Group in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.