UBS Group AG $UBS Holdings Lifted by Korea Investment CORP

Korea Investment CORP boosted its position in shares of UBS Group AG (NYSE:UBS) by 40.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,421,191 shares of the bank’s stock after buying an additional 692,573 shares during the quarter. Korea Investment CORP owned 0.08% of UBS Group worth $112,953,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Public Sector Pension Investment Board boosted its stake in UBS Group by 3.7% during the third quarter. Public Sector Pension Investment Board now owns 2,742,259 shares of the bank’s stock valued at $112,048,000 after buying an additional 97,509 shares in the last quarter. Wellington Management Group LLP boosted its stake in UBS Group by 254.9% during the third quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock valued at $2,601,589,000 after buying an additional 45,731,061 shares in the last quarter. Natixis Advisors LLC boosted its stake in UBS Group by 21.6% during the third quarter. Natixis Advisors LLC now owns 3,662,233 shares of the bank’s stock valued at $150,152,000 after buying an additional 651,133 shares in the last quarter. Fisher Asset Management LLC boosted its stake in UBS Group by 4.7% during the third quarter. Fisher Asset Management LLC now owns 61,168,437 shares of the bank’s stock valued at $2,507,906,000 after buying an additional 2,744,348 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in UBS Group by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock valued at $1,676,302,000 after buying an additional 629,310 shares in the last quarter.

Analyst Ratings Changes

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

UBS Group Trading Up 1.5%

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. UBS Group AG has a 1-year low of $30.36 and a 1-year high of $49.36. The firm has a market capitalization of $152.84 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19. The stock has a fifty day simple moving average of $44.69 and a 200 day simple moving average of $43.45.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.16 billion. UBS Group had a return on equity of 10.05% and a net margin of 12.66%. Sell-side analysts forecast that UBS Group AG will post 3.27 earnings per share 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.