Public Employees Retirement System of Ohio bought a new position in shares of UBS Group AG (NYSE:UBS – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,398,700 shares of the bank’s stock, valued at approximately $119,055,000.
Several other large investors have also recently bought and sold shares of the stock. First Bancorp Inc ME acquired a new stake in UBS Group in the 2nd quarter worth $32,000. Ancora Advisors LLC acquired a new position in shares of UBS Group during the second quarter valued at about $50,000. Great Lakes Advisors LLC acquired a new position in shares of UBS Group during the second quarter valued at about $18,660,000. Plato Investment Management Ltd bought a new stake in shares of UBS Group in the second quarter valued at about $4,915,000. Finally, Fiduciary Financial Group LLC bought a new stake in shares of UBS Group in the second quarter valued at about $211,000.
UBS Group Price Performance
Shares of UBS stock opened at $54.41 on Friday. The stock’s fifty day simple moving average is $52.36 and its 200 day simple moving average is $46.23. UBS Group AG has a one year low of $36.29 and a one year high of $55.15. The firm has a market cap of $169.98 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 0.82 and a beta of 1.18. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.02 and a quick ratio of 1.19.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on UBS. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Monday, June 29th. Wall Street Zen downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research report on Thursday, July 30th. Finally, Zacks Research upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.30.
Read Our Latest Stock Report on UBS Group
Key Stories Impacting UBS Group
Here are the key news stories impacting UBS Group this week:
- Positive Sentiment: UBS appears to be helping move Switzerland’s capital debate toward a potentially less costly compromise. A softer outcome than the government’s initial proposals could reduce pressure on UBS’s excess capital, profitability and buyback capacity. UBS Is Nudging Swiss Capital Debate Toward a Cheaper Compromise
- Positive Sentiment: Recent UBS research upgrades on Celestica, SolarEdge and Argenx, along with a higher price target for Dell, highlight continued activity in the bank’s equity-research and advisory franchise. These headlines may support UBS’s market profile and fee-generating businesses, although they are not major direct earnings catalysts. The Market and UBS Saw Celestica’s $3 Billion Raise Very Differently
- Neutral Sentiment: UBS reported falling below substantial-holding disclosure thresholds in ASX Limited and Azelis. These appear to be routine portfolio or ownership changes and are unlikely to materially alter UBS’s investment case. UBS Drops Below Substantial Holding Threshold in ASX Limited
- Negative Sentiment: The Swiss National Bank reiterated support for tougher capital rules for UBS. Higher required capital could constrain shareholder returns, increase the bank’s funding burden and reduce return on equity. This is the most significant near-term risk in the latest headlines, despite ongoing discussion of a compromise. Swiss National Bank’s Martin Backs Tougher Capital Rules for UBS
UBS Group Company Profile
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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