M&G PLC Increases Holdings in UBS Group AG $UBS

M&G PLC boosted its holdings in shares of UBS Group AG (NYSE:UBS) by 17.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,413,062 shares of the bank’s stock after buying an additional 640,249 shares during the quarter. M&G PLC owned approximately 0.14% of UBS Group worth $150,234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Maseco LLP bought a new stake in UBS Group during the second quarter valued at about $28,000. Quarry LP bought a new position in UBS Group in the 1st quarter worth $37,000. Westside Investment Management Inc. increased its stake in UBS Group by 535.2% in the 2nd quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock worth $38,000 after buying an additional 958 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of UBS Group by 62.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after purchasing an additional 573 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in UBS Group in the 2nd quarter valued at $65,000.

UBS Group Stock Up 1.4%

Shares of NYSE UBS opened at $38.97 on Wednesday. The stock has a market capitalization of $124.95 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. 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 stock’s fifty day simple moving average is $39.84 and its two-hundred day simple moving average is $36.63.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, topping the consensus estimate of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.37%. The firm had revenue of $12.20 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same quarter in the previous year, the business posted $0.43 EPS. UBS Group’s revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBS has been the topic of several recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. Zacks Research upgraded UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.