Financial Perspectives Inc Grows Stock Holdings in UBS Group AG (NYSE:UBS)

Financial Perspectives Inc boosted its holdings in UBS Group AG (NYSE:UBS) by 19.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,894 shares of the bank’s stock after buying an additional 800 shares during the period. Financial Perspectives Inc’s holdings in UBS Group were worth $150,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of UBS Group during the fourth quarter valued at about $5,004,151,000. Vanguard Group Inc. grew its position in shares of UBS Group by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock valued at $3,522,067,000 after purchasing an additional 7,249,527 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of UBS Group by 9.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock valued at $1,424,902,000 after purchasing an additional 3,840,395 shares in the last quarter. Capital World Investors grew its position in shares of UBS Group by 10.5% during the fourth quarter. Capital World Investors now owns 37,059,828 shares of the bank’s stock valued at $1,151,033,000 after purchasing an additional 3,523,105 shares in the last quarter. Finally, Pzena Investment Management LLC grew its position in shares of UBS Group by 392.8% during the fourth quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock valued at $931,484,000 after purchasing an additional 24,027,505 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

UBS Group Stock Up 1.1 %

UBS stock traded up $0.32 during trading on Thursday, hitting $30.34. 1,003,101 shares of the company’s stock traded hands, compared to its average volume of 1,847,036. The firm has a market capitalization of $97.28 billion, a P/E ratio of 3.31 and a beta of 1.16. The business has a fifty day simple moving average of $29.94 and a two-hundred day simple moving average of $29.74. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00. UBS Group AG has a 1 year low of $19.25 and a 1 year high of $32.13.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.29. The company had revenue of $12.74 billion for the quarter, compared to analyst estimates of $12.05 billion. UBS Group had a net margin of 39.78% and a return on equity of 7.78%. Sell-side analysts anticipate that UBS Group AG will post 0.78 EPS for the current year.

About UBS Group

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.