Channing Global Advisors LLC Acquires 91,103 Shares of UBS Group AG (NYSE:UBS)

Channing Global Advisors LLC increased its holdings in shares of UBS Group AG (NYSE:UBS) by 13.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 745,768 shares of the bank’s stock after acquiring an additional 91,103 shares during the quarter. UBS Group comprises 15.4% of Channing Global Advisors LLC’s portfolio, making the stock its biggest holding. Channing Global Advisors LLC’s holdings in UBS Group were worth $22,655,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of UBS Group during the 4th quarter worth approximately $5,594,066,000. Vanguard Group Inc. increased its holdings in shares of UBS Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank’s stock worth $3,915,512,000 after acquiring an additional 1,296,428 shares during the last quarter. FMR LLC increased its holdings in shares of UBS Group by 29.4% during the 4th quarter. FMR LLC now owns 55,533,620 shares of the bank’s stock worth $1,695,087,000 after acquiring an additional 12,609,616 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of UBS Group by 18.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank’s stock worth $1,070,335,000 after acquiring an additional 5,555,624 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in UBS Group by 162.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank’s stock valued at $858,359,000 after purchasing an additional 17,525,749 shares during the period.

UBS Group Stock Performance

NYSE:UBS opened at $30.39 on Friday. The stock has a fifty day moving average price of $31.21 and a 200-day moving average price of $31.89. The company has a market cap of $97.43 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 0.81 and a beta of 1.16. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $35.84.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. As a group, equities analysts anticipate that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBS has been the subject of several recent research reports. Keefe, Bruyette & Woods upgraded UBS Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. Bank of America downgraded UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Wedbush restated a “neutral” rating on shares of UBS Group in a research note on Tuesday, May 27th. DZ Bank upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Finally, Morgan Stanley downgraded UBS Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.