M&G Plc Acquires 135,766 Shares of UBS Group AG (NYSE:UBS)

M&G Plc lifted its holdings in shares of UBS Group AG (NYSE:UBS) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,507,947 shares of the bank’s stock after purchasing an additional 135,766 shares during the period. M&G Plc’s holdings in UBS Group were worth $138,593,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new position in shares of UBS Group during the 2nd quarter valued at $41,000. RFP Financial Group LLC grew its holdings in shares of UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after purchasing an additional 526 shares during the last quarter. Larson Financial Group LLC grew its holdings in UBS Group by 5,742.3% in the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after acquiring an additional 1,493 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in UBS Group by 566.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after acquiring an additional 1,416 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in UBS Group in the 2nd quarter worth $50,000.

Wall Street Analyst Weigh In

UBS has been the topic of a number of recent analyst reports. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America initiated coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

UBS Group Trading Up 4.0 %

Shares of UBS opened at $33.02 on Thursday. The firm’s 50-day moving average price is $30.93 and its 200-day moving average price is $30.30. The firm has a market capitalization of $105.86 billion, a price-to-earnings ratio of 27.51 and a beta of 1.15. 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 1-year low of $24.07 and a 1-year high of $33.08.

UBS Group (NYSE:UBS) last announced 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. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same quarter in the previous year, the firm posted ($0.24) EPS. Sell-side analysts anticipate that UBS Group AG will post 1.45 EPS for the current year.

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.