Raymond James & Associates Raises Stake in UBS Group AG (NYSE:UBS)

Raymond James & Associates boosted its holdings in UBS Group AG (NYSE:UBS) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,014,965 shares of the bank’s stock after buying an additional 12,380 shares during the period. Raymond James & Associates’ holdings in UBS Group were worth $31,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after acquiring an additional 41,027,134 shares during the period. M&G Plc acquired a new stake in UBS Group in the 1st quarter valued at $173,678,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after purchasing an additional 5,508,422 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of UBS Group by 72.7% during the first quarter. Acadian Asset Management LLC now owns 8,130,150 shares of the bank’s stock worth $250,360,000 after purchasing an additional 3,421,396 shares in the last quarter. Finally, Susquehanna International Securities Ltd. boosted its position in shares of UBS Group by 162.3% in the second quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock worth $148,185,000 after buying an additional 3,103,747 shares during the period.

UBS Group Stock Down 1.7 %

Shares of NYSE UBS opened at $31.95 on Thursday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06. UBS Group AG has a 1 year low of $23.23 and a 1 year high of $32.88. The stock’s 50-day simple moving average is $30.71 and its 200-day simple moving average is $30.10. The firm has a market cap of $102.45 billion, a price-to-earnings ratio of 3.48 and a beta of 1.15.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.22. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. During the same period in the previous year, the business earned $1.88 EPS. As a group, equities analysts anticipate that UBS Group AG will post 1.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBS has been the topic of several analyst reports. Bank of America initiated coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating on the stock. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, UBS Group currently has an average rating of “Hold”.

About UBS Group

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.