Allianz Asset Management GmbH Purchases 265,475 Shares of UBS Group AG $UBS

Allianz Asset Management GmbH boosted its position in UBS Group AG (NYSE:UBS) by 6.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,439,632 shares of the bank’s stock after acquiring an additional 265,475 shares during the period. Allianz Asset Management GmbH owned 0.14% of UBS Group worth $181,409,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UBS. Lingohr Asset Management GmbH raised its stake in UBS Group by 1,198.4% during the third quarter. Lingohr Asset Management GmbH now owns 258,115 shares of the bank’s stock valued at $10,559,000 after buying an additional 238,235 shares during the last quarter. Permanent Capital Management LP purchased a new position in shares of UBS Group in the 3rd quarter worth about $2,842,000. Massachusetts Financial Services Co. MA raised its position in shares of UBS Group by 21.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock worth $3,171,497,000 after purchasing an additional 13,417,945 shares during the last quarter. ASR Vermogensbeheer N.V. boosted its stake in UBS Group by 5.7% in the 3rd quarter. ASR Vermogensbeheer N.V. now owns 839,193 shares of the bank’s stock worth $34,291,000 after purchasing an additional 45,095 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in UBS Group by 6,413.6% during 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 last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on UBS shares. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. BNP Paribas Exane downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, January 21st. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Zacks Research cut UBS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, UBS Group currently has an average rating of “Moderate Buy” and an average target price of $60.30.

UBS Group Trading Up 1.3%

Shares of UBS opened at $47.78 on Tuesday. The firm has a market cap of $149.25 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 0.44 and a beta of 1.12. 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 $49.36. The company has a 50 day simple moving average of $44.99 and a two-hundred day simple moving average of $41.31.

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.