Platinum Investment Management Ltd. reduced its stake in shares of UBS Group AG (NYSE:UBS – Free Report) by 91.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,507 shares of the bank’s stock after selling 1,325,071 shares during the quarter. UBS Group makes up about 1.3% of Platinum Investment Management Ltd.’s holdings, making the stock its 24th biggest holding. Platinum Investment Management Ltd.’s holdings in UBS Group were worth $5,482,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Navalign LLC bought a new stake in shares of UBS Group during the 4th quarter valued at $32,000. Larson Financial Group LLC lifted its stake in UBS Group by 118.4% during the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after acquiring an additional 445 shares during the period. JPL Wealth Management LLC bought a new position in UBS Group during the 3rd quarter valued at about $37,000. Empowered Funds LLC bought a new position in UBS Group during the 4th quarter valued at about $41,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of UBS Group by 1,013.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 969 shares of the bank’s stock worth $46,000 after purchasing an additional 882 shares during the period.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Wednesday, May 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Finally, Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.30.
UBS Group Price Performance
UBS opened at $48.93 on Friday. The business’s 50-day moving average is $44.69 and its two-hundred day moving average is $43.45. UBS Group AG has a 1 year low of $30.36 and a 1 year high of $49.36. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The firm has a market capitalization of $152.84 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19.
UBS Group (NYSE:UBS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. Research analysts anticipate that UBS Group AG will post 3.27 earnings per share for the current fiscal year.
About UBS Group
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.
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