Morningstar Investment Management LLC Purchases New Holdings in UBS Group AG $UBS

Morningstar Investment Management LLC purchased a new stake in shares of UBS Group AG (NYSE:UBS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 29,854 shares of the bank’s stock, valued at approximately $1,378,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in UBS Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock valued at $6,423,207,000 after acquiring an additional 1,758,287 shares during the period. Wellington Management Group LLP lifted its position in UBS Group by 254.9% during the 3rd quarter. Wellington Management Group LLP now owns 63,671,310 shares of the bank’s stock valued at $2,601,589,000 after acquiring an additional 45,731,061 shares during the period. Fisher Asset Management LLC lifted its position in UBS Group by 4.7% during the 3rd quarter. Fisher Asset Management LLC now owns 61,168,437 shares of the bank’s stock valued at $2,507,906,000 after acquiring an additional 2,744,348 shares during the period. Capital World Investors lifted its position in UBS Group by 1.0% during the 3rd quarter. Capital World Investors now owns 37,343,504 shares of the bank’s stock valued at $1,525,163,000 after acquiring an additional 386,264 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in UBS Group by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock valued at $1,676,302,000 after acquiring an additional 629,310 shares during the period.

Analysts Set New Price Targets

UBS has been the subject of a number of recent research reports. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Thursday, April 23rd. Barclays upgraded shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Finally, Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $60.30.

UBS Group Stock Performance

Shares of UBS stock opened at $46.94 on Tuesday. The company has a 50 day moving average price of $41.87 and a 200-day moving average price of $42.57. UBS Group AG has a 52 week low of $30.36 and a 52 week high of $49.36. The firm has a market capitalization of $146.62 billion, a PE ratio of 16.82, a P/E/G ratio of 0.81 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 0.85 and a debt-to-equity ratio of 1.23.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $13.16 billion. As a group, equities research analysts expect that UBS Group AG will post 3.25 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.