US Bancorp DE Has $1.04 Million Stock Position in UBS Group AG (NYSE:UBS)

US Bancorp DE lifted its holdings in shares of UBS Group AG (NYSE:UBSGet Rating) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,735 shares of the bank’s stock after acquiring an additional 1,716 shares during the quarter. US Bancorp DE’s holdings in UBS Group were worth $1,040,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBS. Cambridge Investment Research Advisors Inc. boosted its stake in UBS Group by 6.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,726 shares of the bank’s stock valued at $483,000 after purchasing an additional 1,412 shares during the period. BlackRock Inc. lifted its position in shares of UBS Group by 6.1% during the 1st quarter. BlackRock Inc. now owns 2,465,156 shares of the bank’s stock worth $48,169,000 after buying an additional 142,328 shares during the last quarter. Dimensional Fund Advisors LP raised its position in UBS Group by 11.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,348,771 shares of the bank’s stock valued at $84,975,000 after purchasing an additional 453,906 shares during the last quarter. Sei Investments Co. raised its position in UBS Group by 136.0% in the first quarter. Sei Investments Co. now owns 293,491 shares of the bank’s stock valued at $5,716,000 after purchasing an additional 169,106 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in UBS Group by 39.3% in the first quarter. Sequoia Financial Advisors LLC now owns 15,826 shares of the bank’s stock valued at $309,000 after purchasing an additional 4,466 shares during the last quarter. 32.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley raised their target price on UBS Group from CHF 18.50 to CHF 20 and gave the stock an “equal weight” rating in a research note on Wednesday, October 26th. Royal Bank of Canada lifted their price target on UBS Group from CHF 19 to CHF 20 in a research report on Wednesday, October 26th. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 8th. JPMorgan Chase & Co. boosted their target price on UBS Group from CHF 20 to CHF 20.70 and gave the stock an “overweight” rating in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on UBS Group from CHF 21 to CHF 22 and gave the stock a “buy” rating in a research note on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.69.

UBS Group Trading Up 0.4 %

Shares of UBS Group stock opened at $21.30 on Thursday. The firm has a market cap of $74.12 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 1.46 and a beta of 1.11. UBS Group AG has a twelve month low of $13.80 and a twelve month high of $21.71. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.20. The business has a 50-day moving average price of $18.82 and a 200-day moving average price of $16.86.

UBS Group (NYSE:UBSGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $8.05 billion. UBS Group had a net margin of 17.38% and a return on equity of 12.55%. Equities research analysts anticipate that UBS Group AG will post 2.15 EPS for the current fiscal year.

UBS Group Profile

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UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions to ultra high net worth and high net worth clients.

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

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