UBS Group AG $UBS is Generali Asset Management SPA SGR’s 8th Largest Position

Generali Asset Management SPA SGR grew its position in shares of UBS Group AG (NYSE:UBS) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,337,752 shares of the bank’s stock after purchasing an additional 380,665 shares during the quarter. UBS Group makes up about 2.1% of Generali Asset Management SPA SGR’s investment portfolio, making the stock its 8th largest position. Generali Asset Management SPA SGR owned 0.07% of UBS Group worth $95,848,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UBS. Permanent Capital Management LP purchased a new stake in shares of UBS Group in the 3rd quarter valued at $2,842,000. B. Riley Wealth Advisors Inc. bought a new stake in UBS Group in the second quarter worth $898,000. Thrivent Financial for Lutherans boosted its position in UBS Group by 6,413.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,061,842 shares of the bank’s stock valued at $35,813,000 after buying an additional 1,045,540 shares during the period. Corient Private Wealth LLC boosted its position in UBS Group by 29.6% during the second quarter. Corient Private Wealth LLC now owns 95,681 shares of the bank’s stock valued at $3,236,000 after buying an additional 21,829 shares during the period. Finally, Metis Global Partners LLC grew its stake in shares of UBS Group by 8.0% during the second quarter. Metis Global Partners LLC now owns 106,313 shares of the bank’s stock valued at $3,598,000 after buying an additional 7,833 shares during the last quarter.

UBS Group Stock Down 0.5%

Shares of NYSE UBS opened at $46.28 on Friday. The firm has a fifty day simple moving average of $40.88 and a two-hundred day simple moving average of $39.09. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $47.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.69. The firm has a market capitalization of $144.58 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 0.56 and a beta of 1.12.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating 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 company had revenue of $12.76 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. UBS Group’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UBS shares. Bank of America raised UBS Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $44.00 to $60.30 in a research note on Tuesday, December 16th. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. Finally, Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three 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 a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

UBS Group Company 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.