State of Wisconsin Investment Board Acquires Shares of 1,260,085 UBS Group AG $UBS

State of Wisconsin Investment Board acquired a new stake in UBS Group AG (NYSE:UBS) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,260,085 shares of the bank’s stock, valued at approximately $58,785,000.

Several other institutional investors and hedge funds have also recently modified their holdings of UBS. Navalign LLC acquired a new position in shares of UBS Group in the fourth quarter valued at $32,000. Larson Financial Group LLC increased 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 acquired a new position in shares of UBS Group in the third quarter valued at $37,000. Empowered Funds LLC acquired a new position in shares of UBS Group in the fourth quarter valued at $41,000. Finally, Cornerstone Planning Group LLC increased 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.

UBS Group Trading Up 1.8%

UBS stock opened at $50.46 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. The company’s 50-day simple moving average is $45.11 and its 200 day simple moving average is $43.67. UBS Group AG has a 52 week low of $30.36 and a 52 week high of $50.91. The company has a market capitalization of $157.62 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19.

UBS Group (NYSE:UBS) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $13.16 billion. As a group, sell-side analysts anticipate that UBS Group AG will post 3.33 earnings per share for the current year.

Analyst Ratings Changes

UBS has been the topic of several research reports. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings downgraded shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Wednesday, May 13th. Citigroup restated a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research note 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 data from MarketBeat, the company has an average 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.