Amundi Acquires 468,814 Shares of UBS Group AG $UBS

Amundi raised its holdings in UBS Group AG (NYSE:UBS) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,220,775 shares of the bank’s stock after buying an additional 468,814 shares during the period. Amundi owned about 0.54% of UBS Group worth $485,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. City Holding Co. bought a new position in shares of UBS Group in the first quarter valued at $25,000. Grove Bank & Trust purchased a new stake in shares of UBS Group in the first quarter valued at about $28,000. Quarry LP purchased a new stake in shares of UBS Group in the first quarter valued at about $37,000. Berbice Capital Management LLC raised its holdings in shares of 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 purchasing an additional 400 shares during the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of UBS Group by 45.9% in the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank’s stock valued at $45,000 after purchasing an additional 461 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the subject of several analyst reports. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Wedbush reiterated a “neutral” rating on shares of UBS Group in a report on Tuesday, May 27th. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a report on Wednesday, May 21st. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Wednesday, June 11th. Finally, Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UBS Group has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS stock opened at $39.74 on Thursday. The firm has a market cap of $127.42 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 0.71 and a beta of 1.21. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $40.71. The firm’s 50-day simple moving average is $37.60 and its two-hundred day simple moving average is $33.59.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current year.

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.