ARGA Investment Management LP Boosts Position in UBS Group AG (NYSE:UBS)

ARGA Investment Management LP grew its stake in shares of UBS Group AG (NYSE:UBS) by 5.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,892,162 shares of the bank’s stock after purchasing an additional 372,258 shares during the quarter. UBS Group makes up about 7.0% of ARGA Investment Management LP’s holdings, making the stock its 5th largest position. ARGA Investment Management LP’s holdings in UBS Group were worth $212,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec increased its holdings in UBS Group by 11.5% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,751,869 shares of the bank’s stock valued at $54,121,000 after buying an additional 181,219 shares during the last quarter. Verition Fund Management LLC grew its position in shares of UBS Group by 58.6% in the 3rd quarter. Verition Fund Management LLC now owns 31,214 shares of the bank’s stock worth $965,000 after acquiring an additional 11,531 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of UBS Group by 17.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,136,398 shares of the bank’s stock worth $66,000,000 after acquiring an additional 323,310 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of UBS Group by 6.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock valued at $1,771,713,000 after acquiring an additional 3,289,387 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC raised its position in shares of UBS Group by 0.7% during the 3rd quarter. RPg Family Wealth Advisory LLC now owns 265,950 shares of the bank’s stock valued at $8,221,000 after acquiring an additional 1,866 shares in the last quarter.

UBS Group Trading Up 3.2 %

Shares of NYSE UBS opened at $32.34 on Friday. The company has a market cap of $103.70 billion, a price-to-earnings ratio of 26.95 and a beta of 1.15. The stock’s 50 day simple moving average is $31.69 and its 200 day simple moving average is $30.76. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a 12-month low of $26.00 and a 12-month high of $33.34.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The company had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same period last year, the business posted ($0.24) earnings per share. Equities research analysts expect that UBS Group AG will post 1.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UBS shares. Bank of America initiated coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.