Mediolanum International Funds Ltd Purchases 812 Shares of UBS Group AG (NYSE:UBS)

Mediolanum International Funds Ltd increased its position in shares of UBS Group AG (NYSE:UBS) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,083 shares of the bank’s stock after purchasing an additional 812 shares during the period. Mediolanum International Funds Ltd’s holdings in UBS Group were worth $469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in UBS Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock valued at $3,549,063,000 after acquiring an additional 1,546,632 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in UBS Group by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after acquiring an additional 5,508,422 shares during the period. Legal & General Group Plc grew its position in UBS Group by 11,313.2% in 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 acquiring an additional 41,027,134 shares during the period. Capital World Investors grew its position in UBS Group by 3.1% in the first quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock valued at $1,175,229,000 after acquiring an additional 1,147,836 shares during the period. Finally, Pzena Investment Management LLC grew its position in UBS Group by 0.9% in the second quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock valued at $884,759,000 after acquiring an additional 280,696 shares during the period.

UBS Group Price Performance

UBS Group stock opened at $32.10 on Monday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $102.93 billion, a P/E ratio of 3.50 and a beta of 1.15. The business’s fifty day moving average is $30.79 and its two-hundred day moving average is $30.13. UBS Group AG has a 52 week low of $23.23 and a 52 week high of $32.88.

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 return on equity of 2.14% and a net margin of 2.31%. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the firm earned $1.88 earnings per share. Equities research analysts forecast that UBS Group AG will post 1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on UBS. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Bank of America began coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.