Zhang Financial LLC Increases Stock Position in UBS Group AG (NYSE:UBS)

Zhang Financial LLC grew its stake in shares of UBS Group AG (NYSE:UBS) by 8.3% during the third quarter, HoldingsChannel.com reports. The fund owned 34,640 shares of the bank’s stock after buying an additional 2,640 shares during the quarter. Zhang Financial LLC’s holdings in UBS Group were worth $1,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in UBS Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock valued at $3,549,063,000 after purchasing an additional 1,546,632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after acquiring an additional 5,508,422 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of UBS Group by 11,313.2% during the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after purchasing an additional 41,027,134 shares during the period. Capital World Investors boosted its stake in shares of UBS Group by 3.1% during the first quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock valued at $1,175,229,000 after purchasing an additional 1,147,836 shares during the period. Finally, Pzena Investment Management LLC lifted its stake in UBS Group by 0.9% in the second quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock worth $884,759,000 after acquiring an additional 280,696 shares during the period.

UBS Group Stock Down 0.5 %

UBS Group stock traded down $0.17 during trading hours on Tuesday, reaching $32.02. The stock had a trading volume of 621,678 shares, compared to its average volume of 2,234,114. The company has a market cap of $102.67 billion, a price-to-earnings ratio of 3.50 and a beta of 1.15. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day moving average price is $30.22 and its 200-day moving average price is $30.02. UBS Group AG has a 52 week low of $23.23 and a 52 week high of $32.43.

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, beating the consensus estimate of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. Sell-side analysts anticipate that UBS Group AG will post 1.36 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on UBS shares. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America started coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.