Bleakley Financial Group LLC Grows Position in UBS Group AG $UBS

Bleakley Financial Group LLC raised its position in UBS Group AG (NYSE:UBS) by 25.2% during the first quarter, HoldingsChannel reports. The firm owned 80,450 shares of the bank’s stock after buying an additional 16,210 shares during the quarter. Bleakley Financial Group LLC’s holdings in UBS Group were worth $3,143,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in UBS Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock worth $6,423,207,000 after buying an additional 1,758,287 shares during the last quarter. Norges Bank purchased a new position in shares of UBS Group in the 4th quarter valued at about $4,889,413,000. Fisher Asset Management LLC increased its holdings in shares of UBS Group by 4.8% in the 4th quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock valued at $2,968,807,000 after acquiring an additional 2,938,827 shares during the last quarter. Pictet Asset Management Holding SA raised its position in shares of UBS Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock worth $1,676,302,000 after acquiring an additional 629,310 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of UBS Group by 19.1% during the 4th quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank’s stock worth $1,371,044,000 after acquiring an additional 4,744,982 shares in the last quarter.

Wall Street Analysts Forecast Growth

UBS has been the subject of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings downgraded shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.30.

UBS Group Stock Performance

NYSE UBS opened at $55.12 on Thursday. The firm has a market cap of $172.18 billion, a P/E ratio of 19.75, a P/E/G ratio of 0.84 and a beta of 1.19. UBS Group AG has a 52-week low of $35.42 and a 52-week high of $55.15. The business’s 50-day moving average price is $48.73 and its 200 day moving average price is $44.91. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.16 billion. On average, equities research analysts expect that UBS Group AG will post 3.49 earnings per share for the current year.

UBS Group 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.