Crossmark Global Holdings Inc. Acquires 4,007 Shares of UBS Group AG (NYSE:UBS)

Crossmark Global Holdings Inc. lifted its stake in UBS Group AG (NYSE:UBS) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,679 shares of the bank’s stock after buying an additional 4,007 shares during the period. Crossmark Global Holdings Inc.’s holdings in UBS Group were worth $7,873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UBS. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of UBS Group by 6.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after purchasing an additional 3,289,387 shares in the last quarter. Legal & General Group Plc increased its holdings in UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after buying an additional 41,027,134 shares during the period. Pzena Investment Management LLC raised its position in shares of UBS Group by 2.8% in the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock valued at $952,104,000 after buying an additional 851,231 shares in the last quarter. Wellington Management Group LLP raised its position in shares of UBS Group by 20.2% in the 3rd quarter. Wellington Management Group LLP now owns 13,708,623 shares of the bank’s stock valued at $423,504,000 after buying an additional 2,307,033 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in shares of UBS Group by 0.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 7,149,149 shares of the bank’s stock worth $220,980,000 after acquiring an additional 43,881 shares in the last quarter.

Analyst Ratings Changes

UBS has been the subject of several recent analyst reports. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. Finally, BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Up 3.0 %

Shares of UBS opened at $35.07 on Wednesday. The stock has a market capitalization of $112.43 billion, a price-to-earnings ratio of 29.22 and a beta of 1.15. UBS Group AG has a 52 week low of $26.00 and a 52 week high of $35.11. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $31.72 and a 200-day moving average of $31.03.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The company had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same period in the previous year, the business posted ($0.24) earnings per share. As a group, sell-side analysts anticipate that UBS Group AG will post 1.53 earnings per share for the current fiscal 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.