UBS Group AG $UBS Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its holdings in UBS Group AG (NYSE:UBSFree Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,611,119 shares of the bank’s stock after acquiring an additional 207,752 shares during the period. Legal & General Group Plc’s holdings in UBS Group were worth $1,101,502,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Navalign LLC acquired a new position in UBS Group in the 4th quarter valued at $32,000. Larson Financial Group LLC grew its stake in shares of UBS Group by 118.4% during the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after buying an additional 445 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of UBS Group during the 3rd quarter valued at $37,000. Cornerstone Planning Group LLC grew its stake in shares of UBS Group by 1,013.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 969 shares of the bank’s stock valued at $46,000 after buying an additional 882 shares during the period. Finally, YANKCOM Partnership purchased a new stake in shares of UBS Group during the 4th quarter valued at $47,000.

UBS Group News Roundup

Here are the key news stories impacting UBS Group this week:

UBS Group Stock Down 0.1%

Shares of UBS Group stock opened at $46.94 on Monday. The company has a fifty day moving average price of $41.68 and a 200 day moving average price of $42.51. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23. UBS Group AG has a twelve month low of $30.36 and a twelve month high of $49.36. The stock has a market cap of $146.62 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19.

UBS Group (NYSE:UBSGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The firm had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.16 billion. Equities research analysts forecast that UBS Group AG will post 3.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on UBS shares. The Goldman Sachs Group reissued a “neutral” rating on shares of UBS Group in a research note on Friday, February 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.30.

Read Our Latest Stock Report on UBS Group

UBS Group Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS Group AG (NYSE:UBSFree Report).

Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

Receive News & Ratings for UBS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBS Group and related companies with MarketBeat.com's FREE daily email newsletter.