UBS Group Target of Unusually High Options Trading (NYSE:UBS)

UBS Group AG (NYSE:UBSGet Free Report) was the target of unusually large options trading activity on Wednesday. Investors bought 7,558 call options on the stock. This represents an increase of approximately 161% compared to the typical daily volume of 2,898 call options.

Key Stories Impacting UBS Group

Here are the key news stories impacting UBS Group this week:

Institutional Investors Weigh In On UBS Group

Several institutional investors have recently made changes to their positions in UBS. Public Sector Pension Investment Board boosted its position in shares of UBS Group by 3.7% during the third quarter. Public Sector Pension Investment Board now owns 2,742,259 shares of the bank’s stock valued at $112,048,000 after buying an additional 97,509 shares during the period. Lingohr Asset Management GmbH raised its holdings in shares of UBS Group by 1,198.4% in the third quarter. Lingohr Asset Management GmbH now owns 258,115 shares of the bank’s stock worth $10,559,000 after buying an additional 238,235 shares during the period. Allianz Asset Management GmbH raised its holdings in shares of UBS Group by 6.4% in the third quarter. Allianz Asset Management GmbH now owns 4,439,632 shares of the bank’s stock worth $181,409,000 after buying an additional 265,475 shares during the period. Permanent Capital Management LP bought a new stake in shares of UBS Group during the 3rd quarter worth approximately $2,842,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in UBS Group by 21.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock valued at $3,171,497,000 after acquiring an additional 13,417,945 shares during the period.

UBS Group Trading Up 3.0%

Shares of UBS stock opened at $38.10 on Thursday. The company has a market cap of $119.01 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.36 and a beta of 1.14. UBS Group has a 1 year low of $25.75 and a 1 year high of $49.36. The stock’s 50 day simple moving average is $42.45 and its two-hundred day simple moving average is $41.73. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.19 and a quick ratio of 1.19.

UBS Group (NYSE:UBSGet Free Report) last announced its earnings results on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. UBS Group had a return on equity of 8.68% and a net margin of 10.88%.The firm had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Research analysts predict that UBS Group will post 1.9 earnings per share for the current year.

UBS Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, April 22nd.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UBS. Bank of America upgraded UBS Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $44.00 to $60.30 in a research report on Tuesday, December 16th. The Goldman Sachs Group reiterated a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, January 21st. Zacks Research downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 15th. Finally, Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UBS Group presently has an average rating of “Moderate Buy” and an average price target of $60.30.

View Our Latest Research Report on UBS Group

About UBS Group

(Get 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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