Public Sector Pension Investment Board Raises Stake in UBS Group AG (NYSE:UBS)

Public Sector Pension Investment Board boosted its stake in shares of UBS Group AG (NYSE:UBS) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,813,088 shares of the bank’s stock after buying an additional 62,844 shares during the quarter. Public Sector Pension Investment Board owned 0.06% of UBS Group worth $53,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new stake in UBS Group in the 1st quarter valued at about $42,000. Nisa Investment Advisors LLC purchased a new position in UBS Group in the second quarter valued at about $41,000. RFP Financial Group LLC lifted its position in UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after acquiring an additional 526 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of UBS Group by 5,742.3% during the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after purchasing an additional 1,493 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in UBS Group in the 1st quarter worth $51,000.

UBS Group Stock Performance

UBS Group stock opened at $29.90 on Monday. The company has a market cap of $95.87 billion, a PE ratio of 3.26 and a beta of 1.15. UBS Group AG has a 12 month low of $23.23 and a 12 month high of $32.13. The company has a fifty day moving average price of $29.92 and a two-hundred day moving average price of $30.04. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the business posted $1.88 EPS. Research analysts expect that UBS Group AG will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UBS. Bank of America began coverage on UBS Group in a research note on Thursday. They set a “neutral” rating for the company. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

UBS Group Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.