UBS Group AG (NYSE:UBS) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of UBS Group AG (NYSE:UBS) by 0.2% in the first quarter, HoldingsChannel.com reports. The firm owned 7,199,245 shares of the bank’s stock after buying an additional 14,492 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in UBS Group were worth $221,577,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UBS. Norges Bank acquired a new stake in shares of UBS Group in the fourth quarter valued at $5,004,151,000. Pzena Investment Management LLC grew its position in UBS Group by 392.8% in the 4th quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock valued at $931,484,000 after acquiring an additional 24,027,505 shares in the last quarter. Vanguard Group Inc. increased its stake in UBS Group by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock worth $3,522,067,000 after purchasing an additional 7,249,527 shares during the period. WCM Investment Management LLC increased its stake in UBS Group by 6,797.0% during the fourth quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock worth $143,567,000 after purchasing an additional 4,568,457 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of UBS Group by 9.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after purchasing an additional 3,840,395 shares in the last quarter.

UBS Group Trading Up 1.1 %

Shares of NYSE:UBS opened at $30.34 on Thursday. The company has a market cap of $97.28 billion, a PE ratio of 3.31 and a beta of 1.16. The company’s 50 day moving average is $29.88 and its two-hundred day moving average is $29.74. UBS Group AG has a 52 week low of $19.25 and a 52 week high of $32.13. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.00.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The company had revenue of $12.74 billion during the quarter, compared to the consensus estimate of $12.05 billion. Equities analysts predict that UBS Group AG will post 0.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UBS shares. Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Finally, Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.