Bank Pictet & Cie Europe AG Raises Holdings in UBS Group AG $UBS

Bank Pictet & Cie Europe AG grew its holdings in UBS Group AG (NYSE:UBS) by 144.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,115 shares of the bank’s stock after buying an additional 50,941 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in UBS Group were worth $3,519,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Maseco LLP purchased a new position in UBS Group in the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of UBS Group during the 2nd quarter worth $33,000. Private Trust Co. NA increased its holdings in shares of UBS Group by 75.2% in the 3rd quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock valued at $35,000 after purchasing an additional 366 shares in the last quarter. Quarry LP purchased a new position in shares of UBS Group in the 1st quarter valued at about $37,000. Finally, Westside Investment Management Inc. lifted its stake in shares of UBS Group by 535.2% in the second quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock valued at $38,000 after purchasing an additional 958 shares during the period.

Analyst Ratings Changes

A number of research firms recently commented on UBS. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Zacks Research raised UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 17th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Bank of America raised UBS Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. Finally, BNP Paribas cut UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three 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 “Moderate Buy” and an average target price of $60.30.

UBS Group Trading Down 0.5%

Shares of UBS Group stock opened at $46.28 on Friday. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.03 and a quick ratio of 1.03. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $47.31. The company has a market capitalization of $144.58 billion, a P/E ratio of 20.85, a P/E/G ratio of 0.56 and a beta of 1.12. The business has a 50 day moving average price of $40.88 and a 200 day moving average price of $39.09.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.28. The firm had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.UBS Group’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. Sell-side analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Profile

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.