69,327 Shares in UBS Group AG $UBS Purchased by Permanent Capital Management LP

Permanent Capital Management LP purchased a new stake in shares of UBS Group AG (NYSE:UBS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,327 shares of the bank’s stock, valued at approximately $2,842,000. UBS Group comprises about 0.5% of Permanent Capital Management LP’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. acquired a new stake in UBS Group in the second quarter valued at $898,000. Thrivent Financial for Lutherans raised its holdings in shares of UBS Group by 6,413.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,061,842 shares of the bank’s stock valued at $35,813,000 after purchasing an additional 1,045,540 shares during the period. Metis Global Partners LLC raised its holdings in shares of UBS Group by 8.0% in the 2nd quarter. Metis Global Partners LLC now owns 106,313 shares of the bank’s stock valued at $3,598,000 after purchasing an additional 7,833 shares during the period. Longfellow Investment Management Co. LLC acquired a new stake in UBS Group in the 2nd quarter valued at about $1,409,000. Finally, American Century Companies Inc. grew its holdings in UBS Group by 1.1% during the second quarter. American Century Companies Inc. now owns 1,248,597 shares of the bank’s stock worth $42,228,000 after purchasing an additional 13,582 shares during the period.

Analyst Ratings Changes

UBS has been the topic of several research analyst reports. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $44.00 to $60.30 in a research note on Tuesday, December 16th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. BNP Paribas cut UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Finally, Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UBS Group presently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

UBS Group Trading Up 0.1%

Shares of UBS Group stock opened at $47.26 on Monday. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50-day moving average of $40.21 and a 200-day moving average of $38.79. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $47.31. The stock has a market cap of $147.62 billion, a PE ratio of 21.29, a PEG ratio of 0.57 and a beta of 1.13.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. The business had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that UBS Group AG will post 1.9 EPS for the current year.

About UBS Group

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.