Thornburg Investment Management Inc. raised its position in shares of UBS Group AG (NYSE:UBS) by 8.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,229,907 shares of the bank’s stock after buying an additional 181,254 shares during the period. Thornburg Investment Management Inc.’s holdings in UBS Group AG were worth $35,567,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in UBS. Norges Bank purchased a new stake in shares of UBS Group AG during the fourth quarter valued at $2,005,588,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group AG by 7.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,945,753 shares of the bank’s stock valued at $545,164,000 after buying an additional 2,748,407 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of UBS Group AG by 2.4% in the first quarter. Fisher Asset Management LLC now owns 37,527,776 shares of the bank’s stock valued at $598,568,000 after buying an additional 895,877 shares during the last quarter. FMR LLC boosted its stake in shares of UBS Group AG by 19.5% in the fourth quarter. FMR LLC now owns 35,685,715 shares of the bank’s stock valued at $559,053,000 after buying an additional 5,825,275 shares during the last quarter. Finally, Allianz Asset Management AG boosted its stake in shares of UBS Group AG by 18.3% in the fourth quarter. Allianz Asset Management AG now owns 17,687,181 shares of the bank’s stock valued at $277,570,000 after buying an additional 2,734,094 shares during the last quarter. Institutional investors own 26.52% of the company’s stock.
Shares of UBS Group AG (NYSE:UBS) traded up 1.87% during midday trading on Friday, reaching $16.37. The company had a trading volume of 2,197,103 shares. The stock has a market capitalization of $60.80 billion, a price-to-earnings ratio of 16.49 and a beta of 1.36. UBS Group AG has a 1-year low of $11.93 and a 1-year high of $17.71. The firm’s 50 day moving average price is $16.26 and its 200-day moving average price is $16.02.
UBS Group AG (NYSE:UBS) last announced its quarterly earnings results on Friday, April 28th. The bank reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.08. UBS Group AG had a return on equity of 6.03% and a net margin of 9.26%. The business had revenue of $7.50 billion for the quarter. Equities research analysts expect that UBS Group AG will post $1.31 EPS for the current fiscal year.
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Several brokerages recently weighed in on UBS. Rafferty Capital Markets cut UBS Group AG from a “buy” rating to a “hold” rating in a research note on Saturday, April 22nd. Zacks Investment Research raised UBS Group AG from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a research note on Wednesday, May 10th. Bank of America Corp raised UBS Group AG from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 7th. Finally, Keefe, Bruyette & Woods raised UBS Group AG from an “underperform” rating to an “outperform” rating in a research note on Tuesday, January 31st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.76.
About UBS Group AG
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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