Studio Investment Management LLC Grows Position in UBS Group AG (NYSE:UBS)

Studio Investment Management LLC raised its stake in shares of UBS Group AG (NYSE:UBS) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,556 shares of the bank’s stock after acquiring an additional 464 shares during the period. Studio Investment Management LLC’s holdings in UBS Group were worth $481,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc lifted its position 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of UBS Group by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after buying an additional 5,508,422 shares in the last quarter. Susquehanna International Securities Ltd. boosted its stake in shares of UBS Group by 162.3% in the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock worth $148,185,000 after buying an additional 3,103,747 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of UBS Group by 20.3% in the second quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock valued at $287,803,000 after acquiring an additional 1,649,115 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of UBS Group by 25.6% in the second quarter. AXA S.A. now owns 4,441,397 shares of the bank’s stock valued at $131,199,000 after acquiring an additional 905,612 shares in the last quarter.

UBS Group Trading Down 0.3 %

NYSE:UBS opened at $31.74 on Friday. The firm’s 50 day moving average is $31.48 and its 200 day moving average is $30.64. UBS Group AG has a 12 month low of $25.98 and a 12 month high of $33.34. The stock has a market capitalization of $101.77 billion, a PE ratio of 26.45 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 (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the prior year, the firm earned ($0.24) EPS. Sell-side analysts expect that UBS Group AG will post 1.73 earnings per share for the current year.

Analyst Ratings Changes

UBS has been the topic of several research analyst reports. Bank of America started coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.