Fisher Asset Management LLC Grows Stock Position in UBS Group AG (NYSE:UBS)

Fisher Asset Management LLC increased its holdings in shares of UBS Group AG (NYSE:UBS) by 3.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,988 shares of the bank’s stock after acquiring an additional 466 shares during the period. Fisher Asset Management LLC’s holdings in UBS Group were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of UBS. Scoggin Management LP acquired a new stake in UBS Group in the 1st quarter worth about $2,134,000. FMR LLC boosted its holdings in UBS Group by 56.3% in the 1st quarter. FMR LLC now owns 35,824,103 shares of the bank’s stock worth $762,065,000 after buying an additional 12,907,622 shares during the last quarter. Point Break Capital Management LLC acquired a new stake in UBS Group in the 1st quarter worth about $5,245,000. Westpac Banking Corp acquired a new stake in UBS Group in the 1st quarter worth about $5,714,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in UBS Group by 21.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 107,879 shares of the bank’s stock worth $2,186,000 after buying an additional 19,012 shares during the last quarter. 36.44% of the stock is currently owned by institutional investors and hedge funds.

UBS Group Stock Up 2.9 %

UBS stock opened at $26.19 on Monday. The firm has a market cap of $91.14 billion, a PE ratio of 2.74, a PEG ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 4.10, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s 50 day moving average price is $24.74 and its 200-day moving average price is $22.57. UBS Group AG has a one year low of $17.60 and a one year high of $26.97.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Monday, November 6th. The bank reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.30). The firm had revenue of $19.72 billion for the quarter. UBS Group had a return on equity of 11.03% and a net margin of 52.89%. During the same period in the prior year, the company posted $0.52 EPS. On average, equities research analysts anticipate that UBS Group AG will post 1.03 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on UBS shares. StockNews.com started coverage on UBS Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, October 6th. Finally, Royal Bank of Canada upgraded UBS Group from a “sector perform” rating to an “outperform” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, UBS Group presently has a consensus rating of “Hold” and a consensus target price of $18.86.

About UBS Group

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.