Platinum Investment Management Ltd. Has $5.48 Million Stock Holdings in UBS Group AG $UBS

Platinum Investment Management Ltd. decreased its holdings in shares of UBS Group AG (NYSE:UBS) by 91.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,507 shares of the bank’s stock after selling 1,325,071 shares during the period. UBS Group makes up about 1.3% of Platinum Investment Management Ltd.’s portfolio, making the stock its 24th largest position. Platinum Investment Management Ltd.’s holdings in UBS Group were worth $5,482,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Navalign LLC acquired a new position in UBS Group during the fourth quarter worth $32,000. Larson Financial Group LLC raised its holdings in shares of UBS Group by 118.4% in the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after purchasing an additional 445 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of UBS Group in the third quarter valued at about $37,000. Empowered Funds LLC purchased a new stake in shares of UBS Group in the fourth quarter valued at about $41,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of UBS Group by 1,013.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 969 shares of the bank’s stock valued at $46,000 after purchasing an additional 882 shares during the last quarter.

Wall Street Analysts Forecast Growth

UBS has been the subject of several analyst reports. Weiss Ratings downgraded shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a report on Wednesday, May 13th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.30.

UBS Group Price Performance

Shares of NYSE:UBS opened at $48.93 on Friday. 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 firm has a market capitalization of $152.84 billion, a PE ratio of 17.54, a P/E/G ratio of 0.82 and a beta of 1.19. UBS Group AG has a twelve month low of $30.36 and a twelve month high of $49.36. The company has a 50-day moving average price of $44.69 and a two-hundred day moving average price of $43.45.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $13.16 billion. Equities analysts forecast that UBS Group AG will post 3.27 EPS for the current year.

About UBS Group

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.