Sei Investments Co. Has $6.89 Million Stake in UBS Group AG $UBS

Sei Investments Co. boosted its holdings in UBS Group AG (NYSE:UBS) by 6.4% in the first quarter, Holdings Channel reports. The firm owned 176,266 shares of the bank’s stock after purchasing an additional 10,609 shares during the quarter. Sei Investments Co.’s holdings in UBS Group were worth $6,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA raised its holdings in UBS Group by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock worth $1,676,302,000 after acquiring an additional 629,310 shares in the last quarter. Leonteq Securities AG bought a new position in UBS Group in the fourth quarter valued at approximately $16,512,000. Havemeyer Place LP acquired a new position in shares of UBS Group during the 4th quarter worth approximately $1,085,000. U S Global Investors Inc. acquired a new position in shares of UBS Group during the 4th quarter worth approximately $1,135,000. Finally, Vanguard Group Inc. raised its stake in shares of UBS Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock worth $6,423,207,000 after purchasing an additional 1,758,287 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Zacks Research raised UBS Group from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Monday, July 20th. Finally, Wall Street Zen lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.30.

UBS Group Stock Up 0.0%

NYSE UBS opened at $52.75 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.19 and a debt-to-equity ratio of 3.84. UBS Group AG has a 1-year low of $36.29 and a 1-year high of $55.15. The company has a 50 day moving average of $50.38 and a 200-day moving average of $45.40. The company has a market cap of $164.79 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 0.82 and a beta of 1.18.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, July 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The company had revenue of $13.35 billion for the quarter, compared to analyst estimates of $13.40 billion. UBS Group had a return on equity of 10.50% and a net margin of 13.10%.The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. On average, equities research analysts expect that UBS Group AG will post 3.52 earnings per share for the current fiscal year.

UBS Group Company Profile

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.