UBS Group AG $UBS Position Trimmed by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its stake in shares of UBS Group AG (NYSE:UBS) by 0.9% in the 1st quarter, HoldingsChannel.com reports. The firm owned 35,591,624 shares of the bank’s stock after selling 340,568 shares during the period. UBS Group accounts for 1.4% of Pictet Asset Management Holding SA’s holdings, making the stock its 7th biggest position. Pictet Asset Management Holding SA’s holdings in UBS Group were worth $1,361,113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MidFirst Bank bought a new position in shares of UBS Group in the fourth quarter worth about $30,000. Navalign LLC bought a new position in shares of UBS Group during the 4th quarter valued at approximately $32,000. Larson Financial Group LLC increased its holdings in UBS Group by 118.4% in the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after acquiring an additional 445 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in UBS Group in the 3rd quarter worth approximately $37,000. Finally, Prosperity Bancshares Inc bought a new stake in UBS Group during the 4th quarter worth approximately $40,000.

UBS Group Trading Down 1.6%

UBS stock opened at $49.14 on Friday. UBS Group AG has a 1-year low of $33.26 and a 1-year high of $51.24. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The company has a market capitalization of $153.52 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.82 and a beta of 1.19. The business has a 50 day simple moving average of $46.49 and a two-hundred day simple moving average of $44.26.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The firm had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. Research analysts anticipate that UBS Group AG will post 3.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UBS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Wednesday, May 13th. Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 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. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, UBS Group currently has a consensus rating of “Hold” and a consensus target price of $60.30.

UBS Group News Summary

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: UBS continues to appear well-positioned on profitability, with an article highlighting it as one of the most profitable value stocks and citing strong trailing-twelve-month net income of $9.12 billion. 5 Most Profitable Value Stocks to Invest In Now
• Positive Sentiment: The IMF gave strong backing to Switzerland’s capital plan for UBS, which could reduce uncertainty around future regulatory requirements and bolster confidence in the bank’s balance-sheet strength. Swiss government’s capital plan for UBS Group receives IMF praise
• Neutral Sentiment: UBS has also been active on the analyst and research front, including coverage of names like Broadcom, T-Mobile, Six Flags, and Veritone, but these items are more about UBS’s market commentary than a direct catalyst for UBS shares. UBS Maintains Buy Rating on Broadcom (AVGO) Stock
• Neutral Sentiment: UBS also urged investors to build more resilient portfolios, a message that underscores a cautious macro tone rather than a clearly stock-moving company-specific development. UBS Group (SWX:UBSG) Urges Investors To Build More Resilient Portfolios

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.