Mediolanum International Funds Ltd Increases Stock Position in UBS Group AG (NYSE:UBS)

Mediolanum International Funds Ltd lifted its holdings in shares of UBS Group AG (NYSE:UBS) by 845.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,551 shares of the bank’s stock after buying an additional 127,468 shares during the period. Mediolanum International Funds Ltd’s holdings in UBS Group were worth $4,349,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Commerce Bank raised its position in UBS Group by 3.9% in the third quarter. Commerce Bank now owns 9,278 shares of the bank’s stock worth $287,000 after acquiring an additional 346 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after purchasing an additional 355 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of UBS Group by 3.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 12,813 shares of the bank’s stock valued at $396,000 after purchasing an additional 394 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of UBS Group by 0.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 60,705 shares of the bank’s stock valued at $1,876,000 after purchasing an additional 438 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in UBS Group by 41.6% during the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after buying an additional 450 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UBS. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, January 10th. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

UBS Group Trading Down 0.5 %

Shares of UBS Group stock opened at $35.42 on Friday. The business has a 50 day moving average price of $32.37 and a 200 day moving average price of $31.32. The company has a market capitalization of $113.56 billion, a P/E ratio of 29.51 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a 1 year low of $26.00 and a 1 year high of $35.84.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.15. The business had revenue of $19.31 billion for the quarter, compared to the consensus estimate 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 in the prior year, the business earned ($0.24) earnings per share. Sell-side analysts anticipate that UBS Group AG will post 1.62 EPS for the current fiscal year.

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.