UBS Group AG $UBS Shares Bought by Orca Wealth Management LLC

Orca Wealth Management LLC raised its stake in UBS Group AG (NYSE:UBS) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,113 shares of the bank’s stock after purchasing an additional 1,134 shares during the quarter. UBS Group comprises approximately 1.7% of Orca Wealth Management LLC’s holdings, making the stock its 20th biggest holding. Orca Wealth Management LLC’s holdings in UBS Group were worth $2,067,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 boosted its holdings in shares of 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 boosted its holdings in shares of 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. boosted its holdings in shares of 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 lifted its holdings in shares of UBS Group by 1.3% during 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 acquiring an additional 449,013 shares in the last quarter.

Analyst Ratings Changes

UBS has been the subject of a number of research reports. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 22nd. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Wednesday, June 11th. Morgan Stanley cut shares of UBS Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Finally, Wall Street Zen lowered shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

UBS Group Trading Up 2.0%

Shares of UBS opened at $41.14 on Friday. The company has a market capitalization of $131.91 billion, a P/E ratio of 21.77, a P/E/G ratio of 0.67 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. 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 stock has a 50-day moving average price of $40.01 and a 200 day moving average price of $34.76.

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

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.