Transatlantique Private Wealth LLC Grows Holdings in UBS Group AG $UBS

Transatlantique Private Wealth LLC boosted its holdings in UBS Group AG (NYSE:UBS) by 26.6% in the 2nd quarter, Holdings Channel reports. The firm owned 53,878 shares of the bank’s stock after purchasing an additional 11,309 shares during the period. Transatlantique Private Wealth LLC’s holdings in UBS Group were worth $1,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in UBS Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 131,449,343 shares of the bank’s stock valued at $4,037,467,000 after purchasing an additional 3,562,475 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in UBS Group by 1.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank’s stock valued at $2,293,986,000 after purchasing an additional 1,363,149 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in UBS Group by 8.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,586,232 shares of the bank’s stock valued at $1,688,163,000 after purchasing an additional 4,207,140 shares during the last quarter. Goldman Sachs Group Inc. raised its position in UBS Group by 88.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock valued at $1,153,354,000 after purchasing an additional 17,676,829 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in UBS Group by 1.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 35,428,808 shares of the bank’s stock valued at $1,075,976,000 after purchasing an additional 449,013 shares during the last quarter.

UBS Group Stock Down 1.2%

Shares of UBS Group stock opened at $37.91 on Tuesday. The firm has a fifty day moving average of $40.09 and a two-hundred day moving average of $36.23. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $121.54 billion, a P/E ratio of 17.07, a PEG ratio of 0.66 and a beta of 1.18. UBS Group AG has a one year low of $25.75 and a one year high of $42.56.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. The business had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. On average, analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on UBS shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research report on Monday, October 6th. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a research report on Friday, August 8th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, UBS Group has an average rating of “Moderate Buy”.

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.