Russell Investments Group Ltd. Has $237.05 Million Stake in UBS Group AG (NYSE:UBS)

Russell Investments Group Ltd. raised its stake in shares of UBS Group AG (NYSE:UBS) by 38.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,802,029 shares of the bank’s stock after acquiring an additional 2,174,366 shares during the quarter. Russell Investments Group Ltd.’s holdings in UBS Group were worth $237,050,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Integrated Wealth Concepts LLC increased its holdings in shares of UBS Group by 0.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank’s stock worth $1,998,000 after purchasing an additional 320 shares during the period. First National Bank of Hutchinson increased its stake in UBS Group by 3.1% in the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank’s stock valued at $379,000 after acquiring an additional 367 shares during the period. Allianz SE increased its stake in UBS Group by 3.2% in the first quarter. Allianz SE now owns 12,312 shares of the bank’s stock valued at $374,000 after acquiring an additional 380 shares during the period. Keel Point LLC increased its stake in UBS Group by 4.4% in the fourth quarter. Keel Point LLC now owns 9,227 shares of the bank’s stock valued at $280,000 after acquiring an additional 389 shares during the period. Finally, Berbice Capital Management LLC increased its stake in UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after acquiring an additional 400 shares during the period.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UBS shares. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. DZ Bank raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Wedbush reissued a “neutral” rating on shares of UBS Group in a research note on Tuesday, May 27th. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, Morgan Stanley lowered shares of UBS Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 18th. Two equities 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 company’s stock. According to data from MarketBeat.com, UBS Group presently has an average rating of “Hold”.

UBS Group Price Performance

Shares of UBS stock opened at $38.79 on Tuesday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $39.71. The firm’s 50 day moving average is $34.93 and its 200-day moving average is $32.89. The firm has a market capitalization of $124.39 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 0.70 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The company had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the business earned $0.34 earnings per share. Sell-side analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group Company 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.