Lansforsakringar Fondforvaltning AB publ Has $35.88 Million Position in UBS Group AG $UBS

Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of UBS Group AG (NYSE:UBS) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,181,261 shares of the bank’s stock after buying an additional 42,288 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in UBS Group were worth $35,875,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UBS. Goldman Sachs Group Inc. lifted its holdings in shares of UBS Group by 88.5% during the first quarter. Goldman Sachs Group Inc. now owns 37,654,399 shares of the bank’s stock worth $1,153,354,000 after buying an additional 17,676,829 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of UBS Group by 162.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank’s stock valued at $858,359,000 after purchasing an additional 17,525,749 shares during the period. Nuveen LLC bought a new stake in shares of UBS Group during the first quarter valued at approximately $348,161,000. Banque Cantonale Vaudoise bought a new stake in shares of UBS Group during the first quarter valued at approximately $206,885,000. Finally, Deutsche Bank AG increased its position in shares of UBS Group by 16.1% during the first quarter. Deutsche Bank AG now owns 31,350,911 shares of the bank’s stock valued at $960,278,000 after purchasing an additional 4,337,005 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on UBS shares. Wedbush reiterated a “neutral” rating on shares of UBS Group in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Wednesday, June 11th. Wall Street Zen cut UBS Group from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, UBS Group presently has a consensus rating of “Moderate Buy”.

UBS Group Trading Down 0.8%

Shares of UBS opened at $40.22 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $40.58. The firm has a market capitalization of $128.97 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 0.71 and a beta of 1.18. The stock’s fifty day simple moving average is $36.71 and its 200-day simple moving average is $33.36.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.The business had revenue of $11.55 billion for the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the prior year, the firm posted $0.34 earnings per share. As a group, research analysts predict that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Profile

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.