American Century Companies Inc. Buys 13,582 Shares of UBS Group AG $UBS

American Century Companies Inc. increased its stake in UBS Group AG (NYSE:UBS) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,248,597 shares of the bank’s stock after purchasing an additional 13,582 shares during the quarter. American Century Companies Inc.’s holdings in UBS Group were worth $42,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBS. Maseco LLP bought a new position in shares of UBS Group in the second quarter valued at approximately $28,000. Quarry LP bought a new stake in shares of UBS Group during the 1st quarter worth $37,000. Westside Investment Management Inc. grew its stake in UBS Group by 535.2% in the 2nd quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock valued at $38,000 after buying an additional 958 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after acquiring an additional 573 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in UBS Group during the 2nd quarter worth $65,000.

UBS Group Stock Performance

NYSE:UBS opened at $38.61 on Friday. The firm has a market capitalization of $123.78 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $42.56. The firm has a 50-day moving average price of $39.13 and a 200 day moving average price of $37.21.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UBS. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Monday. Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

UBS Group 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.