UBS Group AG $UBS Shares Bought by AMF Tjanstepension AB

AMF Tjanstepension AB raised its stake in shares of UBS Group AG (NYSE:UBS) by 12.6% during the second quarter, HoldingsChannel reports. The firm owned 708,033 shares of the bank’s stock after purchasing an additional 79,163 shares during the quarter. AMF Tjanstepension AB’s holdings in UBS Group were worth $23,953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in UBS. City Holding Co. purchased a new stake in shares of UBS Group during the first quarter valued at $25,000. Grove Bank & Trust purchased a new position in UBS Group in the 1st quarter worth $28,000. Maseco LLP acquired a new stake in UBS Group during the 2nd quarter worth about $28,000. Quarry LP purchased a new stake in UBS Group during the 1st quarter valued at about $37,000. Finally, Berbice Capital Management LLC grew its stake in UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after purchasing an additional 400 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the subject of several research analyst reports. Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Wednesday, June 11th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, UBS Group presently has an average rating of “Moderate Buy”.

UBS Group Trading Up 2.0%

Shares of NYSE:UBS opened at $41.14 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $42.56. The business has a 50 day moving average of $40.01 and a two-hundred day moving average of $34.75. The company has a market capitalization of $131.91 billion, a PE ratio of 21.77, a PEG ratio of 0.66 and a beta of 1.18.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The firm had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the firm earned $0.34 EPS. As a group, analysts forecast that UBS Group AG will post 1.9 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.