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

Public Sector Pension Investment Board raised its holdings in shares of UBS Group AG (NYSE:UBS) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,136,398 shares of the bank’s stock after acquiring an additional 323,310 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.07% of UBS Group worth $66,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of UBS. B. Riley Wealth Advisors Inc. boosted its stake in shares of UBS Group by 33.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 29,916 shares of the bank’s stock worth $919,000 after acquiring an additional 7,508 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of UBS Group by 35.5% during the 1st quarter. Virtu Financial LLC now owns 19,475 shares of the bank’s stock worth $598,000 after acquiring an additional 5,099 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of UBS Group by 206.3% during the 1st quarter. Cetera Investment Advisers now owns 65,029 shares of the bank’s stock worth $1,998,000 after acquiring an additional 43,800 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of UBS Group by 133.7% during the 1st quarter. Cetera Advisors LLC now owns 25,584 shares of the bank’s stock worth $786,000 after acquiring an additional 14,638 shares during the last quarter. Finally, Jackson Wealth Management LLC boosted its stake in shares of UBS Group by 5.5% during the 1st quarter. Jackson Wealth Management LLC now owns 149,621 shares of the bank’s stock worth $4,596,000 after acquiring an additional 7,867 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the topic of several analyst reports. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America assumed coverage on shares of UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating on the stock. Three 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 stock currently has an average rating of “Moderate Buy”.

UBS Group Stock Up 0.5 %

UBS opened at $31.34 on Thursday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $33.34. The firm’s fifty day moving average is $31.62 and its 200 day moving average is $30.73. The stock has a market cap of $100.47 billion, a price-to-earnings ratio of 26.11 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The company had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the previous year, the company earned ($0.24) EPS. On average, sell-side analysts forecast that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

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.