Fullerton Fund Management Co Ltd. Acquires Shares of 792,832 UBS Group AG (NYSE:UBS)

Fullerton Fund Management Co Ltd. bought a new position in UBS Group AG (NYSE:UBS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 792,832 shares of the bank’s stock, valued at approximately $24,260,000. UBS Group makes up about 0.8% of Fullerton Fund Management Co Ltd.’s portfolio, making the stock its 28th biggest position.

A number of other institutional investors have also made changes to their positions in the company. Ethic Inc. grew its position in shares of UBS Group by 17.7% during the 4th quarter. Ethic Inc. now owns 26,711 shares of the bank’s stock valued at $810,000 after buying an additional 4,025 shares during the last quarter. Fiduciary Trust Co boosted its position in UBS Group by 13.3% during the 4th quarter. Fiduciary Trust Co now owns 9,146 shares of the bank’s stock valued at $277,000 after purchasing an additional 1,072 shares during the period. Deutsche Bank AG grew its stake in UBS Group by 15.8% during the 4th quarter. Deutsche Bank AG now owns 27,013,906 shares of the bank’s stock worth $819,062,000 after buying an additional 3,684,437 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in UBS Group by 162.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank’s stock worth $858,359,000 after buying an additional 17,525,749 shares during the period. Finally, Cetera Investment Advisers lifted its stake in UBS Group by 0.9% in the fourth quarter. Cetera Investment Advisers now owns 60,549 shares of the bank’s stock valued at $1,836,000 after buying an additional 538 shares during the last quarter.

UBS Group Price Performance

Shares of NYSE:UBS opened at $31.49 on Friday. The stock’s 50 day moving average price is $30.44 and its 200 day moving average price is $31.83. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market cap of $100.97 billion, a price-to-earnings ratio of 20.72 and a beta of 1.15. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $35.84.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $10.19 billion. Equities research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Bank of America cut UBS Group from a “neutral” rating to an “underperform” rating in a report on Thursday, March 27th. Kepler Capital Markets raised UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Morgan Stanley downgraded UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. Finally, StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.