Great Lakes Advisors LLC Acquires Shares of 376,522 UBS Group AG $UBS

Great Lakes Advisors LLC bought a new stake in UBS Group AG (NYSE:UBS) in the 2nd quarter, Holdings Channel.com reports. The fund bought 376,522 shares of the bank’s stock, valued at approximately $18,660,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UBS. Norges Bank bought a new position in UBS Group in the fourth quarter valued at about $4,889,413,000. Assenagon Asset Management S.A. raised its holdings in UBS Group by 6,277.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 16,536,418 shares of the bank’s stock worth $821,228,000 after purchasing an additional 16,277,125 shares during the last quarter. Viking Global Investors LP lifted its position in UBS Group by 407.5% during the 3rd quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock valued at $534,852,000 after purchasing an additional 10,516,148 shares during the period. Janus Henderson Group PLC lifted its position in UBS Group by 253.3% during the 4th quarter. Janus Henderson Group PLC now owns 6,861,746 shares of the bank’s stock valued at $320,074,000 after purchasing an additional 4,919,494 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of UBS Group by 19.1% in the 4th quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank’s stock valued at $1,371,044,000 after purchasing an additional 4,744,982 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UBS shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research report on Wednesday, August 5th. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, June 19th. Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Finally, Wall Street Zen cut shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Performance

Shares of NYSE:UBS opened at $52.94 on Wednesday. The firm’s 50 day simple moving average is $51.72 and its 200 day simple moving average is $45.86. UBS Group AG has a fifty-two week low of $36.29 and a fifty-two week high of $55.15. The company has a market capitalization of $165.37 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 0.80 and a beta of 1.18. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.02 and a quick ratio of 1.19.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. As a group, sell-side analysts forecast that UBS Group AG will post 3.6 earnings per share for the current year.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.