UBS Group AG $UBS Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in shares of UBS Group AG (NYSE:UBS) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,282,908 shares of the bank’s stock after purchasing an additional 532,230 shares during the period. UBS Group makes up about 0.4% of Russell Investments Group Ltd.’s portfolio, making the stock its 29th biggest holding. Russell Investments Group Ltd. owned about 0.26% of UBS Group worth $338,458,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UBS. Flagship Wealth Advisors LLC purchased a new position in UBS Group during the 3rd quarter worth $29,000. Twin Peaks Wealth Advisors LLC acquired a new stake in UBS Group in the second quarter worth about $33,000. Private Trust Co. NA boosted its holdings in UBS Group by 75.2% in the third quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock worth $35,000 after acquiring an additional 366 shares in the last quarter. Salomon & Ludwin LLC grew its stake in shares of UBS Group by 2,566.7% during the third quarter. Salomon & Ludwin LLC now owns 1,120 shares of the bank’s stock worth $46,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of UBS Group during the third quarter valued at about $46,000.

UBS Group Stock Performance

Shares of NYSE UBS opened at $38.45 on Monday. The company has a 50 day simple moving average of $44.90 and a two-hundred day simple moving average of $41.97. The stock has a market cap of $120.10 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 0.37 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 3.63. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $49.36.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, February 4th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The firm had revenue of $12.20 billion for the quarter, compared to analyst estimates of $9.88 billion. UBS Group had a net margin of 10.88% and a return on equity of 8.68%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. As a group, analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $0.55 per share. The ex-dividend date is Wednesday, April 22nd. UBS Group’s dividend payout ratio (DPR) is presently 14.83%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. Bank of America raised shares of UBS Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. The Goldman Sachs Group reiterated a “neutral” rating on shares of UBS Group in a research note on Friday, February 6th. Finally, Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.30.

UBS Group 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.