Columbia Asset Management Takes Position in UBS Group AG (NYSE:UBS)

Columbia Asset Management acquired a new stake in UBS Group AG (NYSE:UBS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,268 shares of the bank’s stock, valued at approximately $244,000.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of UBS Group in the 4th quarter worth approximately $5,004,151,000. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 1,546,632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after buying an additional 5,508,422 shares during the period. Capital World Investors raised its holdings in shares of UBS Group by 3.1% in the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock valued at $1,175,229,000 after buying an additional 1,147,836 shares during the period. Finally, Pzena Investment Management LLC raised its holdings in shares of 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 buying an additional 24,027,505 shares during the period.

UBS Group Stock Down 2.8 %

UBS Group stock opened at $28.53 on Friday. UBS Group AG has a twelve month low of $23.23 and a twelve month high of $32.13. The stock has a 50 day moving average of $30.11 and a two-hundred day moving average of $29.94. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $91.48 billion, a price-to-earnings ratio of 3.11 and a beta of 1.15.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share 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 during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the firm earned $1.88 EPS. As a group, research analysts expect that UBS Group AG will post 1.02 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.