Factory Mutual Insurance Co. Makes New Investment in UBS Group AG $UBS

Factory Mutual Insurance Co. purchased a new stake in UBS Group AG (NYSE:UBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 77,256 shares of the bank’s stock, valued at approximately $3,167,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Public Sector Pension Investment Board lifted its position in shares of UBS Group by 3.7% in the third quarter. Public Sector Pension Investment Board now owns 2,742,259 shares of the bank’s stock worth $112,048,000 after purchasing an additional 97,509 shares in the last quarter. Lingohr Asset Management GmbH lifted its position in UBS Group by 1,198.4% in the 3rd 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 in the last quarter. Permanent Capital Management LP acquired a new stake in shares of UBS Group during the 3rd quarter valued at $2,842,000. Allianz Asset Management GmbH grew its holdings in shares of UBS Group by 6.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 4,439,632 shares of the bank’s stock valued at $181,409,000 after acquiring an additional 265,475 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of UBS Group by 21.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 77,353,590 shares of the bank’s stock worth $3,171,497,000 after acquiring an additional 13,417,945 shares during the last quarter.

UBS Group Stock Performance

Shares of UBS opened at $42.34 on Friday. The company has a market capitalization of $132.27 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.42 and a beta of 1.12. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.02 and a quick ratio of 1.03. UBS Group AG has a one year low of $25.75 and a one year high of $49.36. The company’s fifty day moving average price is $46.00 and its 200 day moving average price is $41.80.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The company had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.88 billion. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. As a group, analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UBS. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. The Goldman Sachs Group reissued a “neutral” rating on shares of UBS Group in a research note on Friday, February 6th. Zacks Research downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Thursday, January 22nd. Finally, Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $60.30 in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

About UBS Group

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.