UBS Group AG (NYSE:UBS) Position Lifted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in UBS Group AG (NYSE:UBS) by 9.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 147,915 shares of the bank’s stock after purchasing an additional 12,443 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in UBS Group were worth $4,349,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in UBS Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after purchasing an additional 1,546,632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 worth $1,591,242,000 after purchasing an additional 5,508,422 shares in the last quarter. Capital World Investors grew its stake in UBS Group by 3.1% in the first quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock worth $1,175,229,000 after purchasing an additional 1,147,836 shares in the last quarter. Pzena Investment Management LLC grew its stake in UBS Group by 392.8% in the fourth quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock worth $931,484,000 after purchasing an additional 24,027,505 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in UBS Group by 5.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,240,888 shares of the bank’s stock worth $410,692,000 after purchasing an additional 663,673 shares in the last quarter.

UBS Group Stock Performance

Shares of NYSE UBS opened at $29.91 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. The firm’s 50-day moving average price is $29.96 and its two-hundred day moving average price is $30.02. UBS Group AG has a 52-week low of $23.23 and a 52-week high of $32.13. The stock has a market capitalization of $95.90 billion, a P/E ratio of 3.26 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter last year, the company posted $1.88 earnings per share. As a group, sell-side analysts forecast that UBS Group AG will post 1.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, UBS Group 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.