Quadrant Capital Group LLC Purchases 127,127 Shares of UBS Group AG $UBS

Quadrant Capital Group LLC acquired a new stake in UBS Group AG (NYSE:UBS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 127,127 shares of the bank’s stock, valued at approximately $6,083,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in UBS Group by 43.4% during the third quarter. Assenagon Asset Management S.A. now owns 23,716,879 shares of the bank’s stock worth $1,144,417,000 after buying an additional 7,180,461 shares during the period. Amundi grew its holdings in UBS Group by 16.9% in the 1st quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after buying an additional 3,374,516 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in UBS Group by 7.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock valued at $728,340,000 after buying an additional 1,323,586 shares during the period. Ninety One UK Ltd grew its holdings in UBS Group by 4.7% in the 3rd quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock valued at $360,437,000 after buying an additional 336,264 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in shares of UBS Group by 6.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,141,370 shares of the bank’s stock valued at $273,109,000 after acquiring an additional 402,440 shares during the last quarter.

UBS Group Stock Performance

UBS Group stock opened at $47.28 on Wednesday. The firm has a market capitalization of $147.72 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. UBS Group AG has a one year low of $36.29 and a one year high of $55.99. The stock’s 50 day moving average price is $51.28 and its 200 day moving average price is $49.10.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.03). The firm had revenue of $13.35 billion during the quarter, compared to analyst estimates of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. On average, analysts forecast that UBS Group AG will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBS has been the topic of several recent analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. DZ Bank reissued a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Royal Bank Of Canada restated a “buy” rating on shares of UBS Group in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Finally, Bank of America reiterated a “buy” rating on shares of UBS Group in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.30.

UBS Group Company Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.