Public Sector Pension Investment Board Purchases 323,310 Shares of UBS Group AG (NYSE:UBS)

Public Sector Pension Investment Board lifted its holdings in UBS Group AG (NYSE:UBS) by 17.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,136,398 shares of the bank’s stock after purchasing an additional 323,310 shares during the quarter. Public Sector Pension Investment Board’s holdings in UBS Group were worth $66,000,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Legal & General Group Plc lifted its stake in shares of UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after purchasing an additional 41,027,134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after acquiring an additional 5,508,422 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group by 6.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after purchasing an additional 3,289,387 shares during the period. Susquehanna International Securities Ltd. grew its holdings in UBS Group by 162.3% during the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock valued at $148,185,000 after purchasing an additional 3,103,747 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in UBS Group by 20.3% in the 2nd quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock worth $287,803,000 after purchasing an additional 1,649,115 shares during the period.

UBS Group Price Performance

NYSE UBS opened at $31.34 on Thursday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day moving average price is $31.62 and its 200-day moving average price is $30.73. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $33.34. The company has a market cap of $100.47 billion, a PE ratio of 26.11 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same period last year, the firm earned ($0.24) earnings per share. Sell-side analysts forecast that UBS Group AG will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on UBS. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America initiated coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

UBS Group Company 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.