Acadian Asset Management LLC Buys 3,421,396 Shares of UBS Group AG (NYSE:UBS)

Acadian Asset Management LLC grew its position in UBS Group AG (NYSE:UBS) by 72.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,130,150 shares of the bank’s stock after acquiring an additional 3,421,396 shares during the period. UBS Group accounts for approximately 0.9% of Acadian Asset Management LLC’s investment portfolio, making the stock its 24th biggest position. Acadian Asset Management LLC’s holdings in UBS Group were worth $250,360,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UBS. Allworth Financial LP grew its holdings in UBS Group by 8.7% during the 4th quarter. Allworth Financial LP now owns 4,514 shares of the bank’s stock worth $139,000 after acquiring an additional 361 shares during the last quarter. D Orazio & Associates Inc. increased its holdings in UBS Group by 3.5% in the first quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock valued at $346,000 after purchasing an additional 381 shares during the period. Global Retirement Partners LLC raised its position in UBS Group by 24.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock worth $61,000 after purchasing an additional 402 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of UBS Group by 5.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,364 shares of the bank’s stock valued at $258,000 after buying an additional 419 shares during the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of UBS Group by 11.2% in the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock valued at $128,000 after buying an additional 420 shares during the period.

Analysts Set New Price Targets

A number of research firms recently commented on UBS. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. BNP Paribas lowered shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, UBS Group currently has an average rating of “Hold”.

UBS Group Trading Down 0.6 %

Shares of NYSE:UBS traded down $0.17 during midday trading on Friday, reaching $30.42. The company’s stock had a trading volume of 890,736 shares, compared to its average volume of 1,437,533. The firm has a 50 day moving average price of $30.64 and a two-hundred day moving average price of $29.75. UBS Group AG has a fifty-two week low of $21.19 and a fifty-two week high of $32.13. The firm has a market capitalization of $97.54 billion, a price-to-earnings ratio of 3.31 and a beta of 1.16. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.08 and a current ratio of 1.08.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.29. The firm had revenue of $12.74 billion for the quarter, compared to analyst estimates of $12.05 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. As a group, analysts forecast that UBS Group AG will post 0.97 earnings per share for the current year.

UBS Group 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.