UBS Group AG (NYSE:UBS) Position Raised by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG increased its position in shares of UBS Group AG (NYSE:UBS) by 17.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,209 shares of the bank’s stock after purchasing an additional 1,500 shares during the period. Bank Pictet & Cie Europe AG’s holdings in UBS Group were worth $315,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of UBS Group in the 2nd quarter worth $41,000. RFP Financial Group LLC raised its position in UBS Group by 58.3% in the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after acquiring an additional 526 shares in the last quarter. Larson Financial Group LLC lifted 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 valued at $47,000 after acquiring an additional 1,493 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of UBS Group in the 2nd quarter worth approximately $50,000.

Analyst Upgrades and Downgrades

Several research firms recently commented on UBS. Bank of America assumed coverage on shares of UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, UBS Group currently has an average rating of “Hold”.

UBS Group Price Performance

UBS stock opened at $32.49 on Wednesday. UBS Group AG has a one year low of $23.23 and a one year high of $32.88. The firm has a 50-day moving average of $30.69 and a two-hundred day moving average of $30.09. The firm has a market capitalization of $104.18 billion, a PE ratio of 3.54 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the business posted $1.88 EPS. On average, analysts forecast that UBS Group AG will post 1.69 earnings per share for the current year.

UBS Group 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.