Mediolanum International Funds Ltd Purchases Shares of 13,054 UBS Group AG (NYSE:UBS)

Mediolanum International Funds Ltd acquired a new position in shares of UBS Group AG (NYSE:UBS) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,054 shares of the bank’s stock, valued at approximately $369,000.

Several other institutional investors have also recently made changes to their positions in UBS. Norges Bank acquired a new stake in UBS Group during the fourth quarter valued at $5,004,151,000. Pzena Investment Management LLC boosted its stake in shares of UBS Group by 392.8% during the 4th quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock worth $931,484,000 after acquiring an additional 24,027,505 shares in the last quarter. Vanguard Group Inc. grew its position in shares of UBS Group by 6.8% during the 4th quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock valued at $3,522,067,000 after acquiring an additional 7,249,527 shares during the period. WCM Investment Management LLC increased its stake in shares of UBS Group by 6,797.0% in the 4th quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock valued at $143,567,000 after purchasing an additional 4,568,457 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in UBS Group by 9.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after purchasing an additional 3,840,395 shares during the period.

UBS Group Price Performance

NYSE:UBS traded up $0.48 during trading hours on Wednesday, hitting $30.75. 886,046 shares of the stock were exchanged, compared to its average volume of 2,542,271. The company has a market cap of $98.60 billion, a P/E ratio of 3.34 and a beta of 1.16. The firm’s fifty day moving average price is $30.19 and its 200 day moving average price is $29.74. UBS Group AG has a 52-week low of $20.17 and a 52-week high of $32.13. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.00.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.23 by $0.29. The firm had revenue of $12.74 billion during the quarter, compared to analysts’ expectations of $12.05 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. As a group, equities research analysts anticipate that UBS Group AG will post 0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. BNP Paribas cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

UBS Group Company 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.