UBS Group AG $UBS Holdings Boosted by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. raised its stake in UBS Group AG (NYSE:UBSFree Report) by 12.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,766,328 shares of the bank’s stock after acquiring an additional 194,764 shares during the period. ABN AMRO Bank N.V. owned 0.06% of UBS Group worth $71,763,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UBS. AQR Capital Management LLC raised its position in shares of UBS Group by 73.9% during the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock worth $1,927,000 after purchasing an additional 26,728 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in UBS Group by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock worth $137,000 after buying an additional 708 shares during the last quarter. NewEdge Advisors LLC grew its stake in UBS Group by 3.1% during the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock worth $1,279,000 after buying an additional 1,267 shares during the last quarter. Focus Partners Wealth increased its position in UBS Group by 11.6% in the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after buying an additional 1,469 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after buying an additional 573 shares during the last quarter.

UBS Group Stock Performance

Shares of NYSE UBS opened at $44.83 on Thursday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $49.36. The firm has a market cap of $140.05 billion, a P/E ratio of 20.19, a PEG ratio of 0.44 and a beta of 1.12. The stock has a fifty day moving average price of $45.33 and a two-hundred day moving average price of $41.42. The company has a debt-to-equity ratio of 3.69, a quick ratio of 1.03 and a current ratio of 1.03.

UBS Group (NYSE:UBSGet Free Report) last released its earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same period in the previous year, the company earned $0.23 earnings per share. UBS Group’s revenue was up 10.3% compared to the same quarter last year. Research analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, April 21st.

Analysts Set New Price Targets

Several research firms have recently commented on UBS. Keefe, Bruyette & Woods lowered shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Finally, BNP Paribas Exane cut UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

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UBS Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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