ARGA Investment Management LP Grows Stock Position in UBS Group AG (NYSE:UBS)

ARGA Investment Management LP raised its position in shares of UBS Group AG (NYSE:UBS) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,130,386 shares of the bank’s stock after purchasing an additional 158,939 shares during the quarter. UBS Group accounts for about 6.3% of ARGA Investment Management LP’s investment portfolio, making the stock its 7th largest position. ARGA Investment Management LP owned approximately 0.18% of UBS Group worth $188,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Anchor Investment Management LLC bought a new position in UBS Group in the 4th quarter worth $28,000. Cary Street Partners Investment Advisory LLC grew its position in shares of UBS Group by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock worth $33,000 after purchasing an additional 512 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in UBS Group during the 1st quarter valued at approximately $42,000. First Horizon Advisors Inc. raised its stake in UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after purchasing an additional 736 shares during the period. Finally, Naples Money Management LLC purchased a new position in UBS Group in the 4th quarter worth approximately $51,000.

Analysts Set New Price Targets

UBS has been the topic of several recent analyst reports. BNP Paribas cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Citigroup cut shares of UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, UBS Group currently has an average rating of “Hold”.

UBS Group Price Performance

Shares of UBS stock traded down $0.52 on Wednesday, reaching $29.28. The company’s stock had a trading volume of 2,449,126 shares, compared to its average volume of 2,629,935. The stock’s fifty day simple moving average is $29.73 and its 200-day simple moving average is $29.72. UBS Group AG has a 1 year low of $19.25 and a 1 year high of $32.13. The company has a market capitalization of $93.88 billion, a price-to-earnings ratio of 3.19 and a beta of 1.16. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.00.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, May 7th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.29. UBS Group had a net margin of 39.78% and a return on equity of 7.78%. The business had revenue of $12.74 billion during the quarter, compared to analysts’ expectations of $12.05 billion. Analysts forecast that UBS Group AG will post 0.78 earnings per share for the current fiscal year.

UBS Group Company 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.