Maryland State Retirement & Pension System Increases Stake in UBS Group AG $UBS

Maryland State Retirement & Pension System increased its stake in UBS Group AG (NYSE:UBS) by 7.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 355,549 shares of the bank’s stock after buying an additional 24,132 shares during the period. Maryland State Retirement & Pension System’s holdings in UBS Group were worth $13,681,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in UBS Group during the first quarter worth approximately $25,000. MidFirst Bank acquired a new position in shares of UBS Group in the 4th quarter valued at $30,000. Navalign LLC acquired a new position in shares of UBS Group in the 4th quarter valued at $32,000. Larson Financial Group LLC grew its stake in shares of UBS Group by 118.4% during the 3rd quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after buying an additional 445 shares during the period. Finally, JPL Wealth Management LLC purchased a new stake in shares of UBS Group during the 3rd quarter valued at $37,000.

UBS Group Stock Performance

Shares of UBS stock opened at $53.80 on Wednesday. The company’s fifty day simple moving average is $48.53 and its 200-day simple moving average is $44.86. UBS Group AG has a 52 week low of $35.40 and a 52 week high of $54.31. 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 company has a market cap of $168.05 billion, a PE ratio of 19.28, 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 earnings per share for the quarter, beating 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 business had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.16 billion. As a group, equities research analysts anticipate that UBS Group AG will post 3.49 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on UBS. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research report on Thursday, July 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, UBS Group presently has a consensus rating of “Hold” and an average target price of $60.30.

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.