PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in UBS Group AG (NYSE:UBS – Free Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 379,049 shares of the bank’s stock, valued at approximately $17,684,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of UBS. Navalign LLC purchased a new stake in UBS Group in the fourth quarter worth about $32,000. Larson Financial Group LLC lifted its stake in shares of UBS Group by 118.4% in the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock worth $34,000 after buying an additional 445 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of UBS Group in the third quarter worth approximately $37,000. Geneos Wealth Management Inc. lifted its stake in shares of UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after buying an additional 573 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of UBS Group by 1,013.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 969 shares of the bank’s stock worth $46,000 after buying an additional 882 shares in the last quarter.
More UBS Group News
Here are the key news stories impacting UBS Group this week:
- Positive Sentiment: Investor’s Business Daily highlighted UBS as one of the bank stocks “close to emerging from cup bases,” suggesting improving chart momentum and renewed trader interest. Banking On Breakouts: UBS, Citi Charts Shape Up
- Positive Sentiment: UBS was also cited in a dividend-stock roundup for identifying income ideas with “11%-plus dividend yield and double-digit upside,” reinforcing its reputation as a source of attractive yield-focused research. 11%-Plus Dividend Yield and Double-Digit Upside: UBS Picks 2 Dividend Stocks to Buy
- Neutral Sentiment: CEO Sergio Ermotti said he hopes not to still be UBS’s CEO by 2030, which is more of a long-term leadership comment than a near-term earnings or capital update. UBS boss Ermotti says he hopes no longer to be the bank’s CEO by 2030
- Neutral Sentiment: UBS also disclosed changes in holdings and shelf/notes activity across unrelated investments, but these items do not appear material enough on their own to drive the stock today. UBS Exits Substantial Holding in Temple & Webster
- Negative Sentiment: Separately, Bloomberg reported UBS’s CEO pushing back on a Swiss population-cap proposal, keeping regulatory and political scrutiny around the bank in view. UBS CEO Says Swiss Population Cap Is ‘Not the Solution’
UBS Group Trading Down 1.3%
UBS Group (NYSE:UBS – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $13.16 billion. As a group, analysts anticipate that UBS Group AG will post 3.25 earnings per share for the current year.
Analyst Ratings Changes
UBS has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Wednesday, May 13th. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Finally, 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. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, UBS Group presently has an average rating of “Hold” and a consensus target price of $60.30.
Get Our Latest Stock Analysis on UBS Group
About UBS Group
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.
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