Deutsche Bank AG Purchases 4,744,982 Shares of UBS Group AG $UBS

Deutsche Bank AG grew its position in UBS Group AG (NYSE:UBS) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,605,781 shares of the bank’s stock after purchasing an additional 4,744,982 shares during the quarter. Deutsche Bank AG’s holdings in UBS Group were worth $1,371,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of UBS. AQR Capital Management LLC boosted its position in shares of UBS Group by 73.9% in the first quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock worth $1,927,000 after purchasing an additional 26,728 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of UBS Group by 18.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock worth $137,000 after buying an additional 708 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of UBS Group by 3.1% in the first quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock worth $1,279,000 after buying an additional 1,267 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of UBS Group by 11.6% in the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after buying an additional 1,469 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after buying an additional 573 shares in the last quarter.

UBS Group Price Performance

UBS stock opened at $47.85 on Wednesday. UBS Group AG has a 52 week low of $30.36 and a 52 week high of $49.36. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $44.12 and a two-hundred day simple moving average of $43.26. The firm has a market capitalization of $149.47 billion, a P/E ratio of 17.15, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The business had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. Analysts anticipate that UBS Group AG will post 3.25 earnings per share for the current fiscal year.

Key Headlines Impacting UBS Group

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: Swiss lawmakers are reportedly weighing a compromise that could soften UBS’s capital requirements, potentially reducing the amount of extra capital the bank may need to hold and easing a major overhang on the stock. Exclusive: Swiss lawmakers consider fresh compromise for UBS capital rules, sources say
• Positive Sentiment: UBS Wealth Management US announced multiple advisors in California, Hawaii, and Phoenix were named to Barron’s Top 1,500 Financial Advisors list, reinforcing the strength of UBS’s advisory business and brand in wealth management. Three UBS advisors in California and Hawaii Named to Barron’s Top 1,500 Financial Advisors list
• Positive Sentiment: Six UBS advisors in Phoenix were also recognized by Barron’s, adding to the view that UBS continues to attract and retain top talent in a fee-generating business that is important to investor confidence. Six UBS advisors in Phoenix named to Barron’s Top 1,500 Financial Advisors list
• Neutral Sentiment: Reports also said UBS is reducing Asia ESG staff as part of a broader global restructuring, which looks more like cost-cutting and reorganization than a direct catalyst for earnings.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UBS shares. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Weiss Ratings lowered UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $60.30.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.