Governors Lane LP Takes $27.22 Million Position in UBS Group AG (NYSE:UBS)

Governors Lane LP bought a new position in UBS Group AG (NYSE:UBS) during the 4th quarter, Holdings Channel reports. The fund bought 890,800 shares of the bank’s stock, valued at approximately $27,223,000. UBS Group accounts for about 2.1% of Governors Lane LP’s portfolio, making the stock its 15th biggest holding.

A number of other hedge funds also recently made changes to their positions in UBS. Berbice Capital Management LLC bought a new stake in shares of UBS Group in the 4th quarter worth about $27,000. Rakuten Securities Inc. bought a new stake in UBS Group during the fourth quarter worth approximately $30,000. Headlands Technologies LLC purchased a new stake in UBS Group during the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of UBS Group in the 4th quarter valued at approximately $41,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of UBS Group by 27.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank’s stock worth $68,000 after purchasing an additional 482 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. DZ Bank raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised shares of UBS Group from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 17th. Bank of America lowered UBS Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

UBS Group Trading Up 1.3 %

Shares of UBS opened at $31.49 on Friday. The firm has a market capitalization of $100.97 billion, a price-to-earnings ratio of 20.72 and a beta of 1.15. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a 50-day moving average of $30.44 and a 200 day moving average of $31.83.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $10.19 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. On average, research analysts expect that UBS Group AG will post 1.9 EPS for the current year.

UBS Group Profile

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.