Morningstar Investment Management LLC Invests $1.38 Million in UBS Group AG $UBS

Morningstar Investment Management LLC bought a new stake in shares of UBS Group AG (NYSE:UBS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 29,854 shares of the bank’s stock, valued at approximately $1,378,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UBS. Wellington Management Group LLP grew its holdings in shares of 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 purchasing an additional 45,731,061 shares during the last quarter. Viking Global Investors LP grew its holdings in shares of UBS Group by 407.5% during the 3rd quarter. Viking Global Investors LP now owns 13,096,560 shares of the bank’s stock valued at $534,852,000 after purchasing an additional 10,516,148 shares during the last quarter. Ninety One UK Ltd bought a new position in shares of UBS Group during the 4th quarter valued at $411,917,000. Bank of Montreal Can grew its holdings in shares of UBS Group by 248.7% during the 3rd quarter. Bank of Montreal Can now owns 9,325,276 shares of the bank’s stock valued at $380,782,000 after purchasing an additional 6,650,862 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of 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 purchasing an additional 2,744,348 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UBS shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. 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. Royal Bank Of Canada reissued an “outperform” rating on shares of UBS Group in a research report on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating on shares of UBS Group in a research report on Friday, February 6th. Finally, Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Trading Down 0.1%

NYSE:UBS 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 12 month low of $30.36 and a 12 month high of $49.36. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23. The stock has a market cap of $146.62 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 0.81 and a beta of 1.19.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $13.16 billion. Equities analysts predict that UBS Group AG will post 3.25 EPS for the current year.

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.