UBS Group AG (NYSE:UBS) Shares Bought by AMJ Financial Wealth Management

AMJ Financial Wealth Management raised its stake in UBS Group AG (NYSE:UBS) by 91.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 185,183 shares of the bank’s stock after purchasing an additional 88,631 shares during the period. AMJ Financial Wealth Management’s holdings in UBS Group were worth $5,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of UBS. Norges Bank acquired a new position in UBS Group in the fourth quarter valued at $5,004,151,000. Pzena Investment Management LLC boosted its stake in shares of UBS Group by 392.8% during the fourth quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock worth $931,484,000 after buying an additional 24,027,505 shares during the period. Vanguard Group Inc. boosted its stake in shares of UBS Group by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock worth $3,522,067,000 after buying an additional 7,249,527 shares during the period. M&G Plc acquired a new stake in shares of UBS Group during the first quarter worth about $173,678,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after buying an additional 5,508,422 shares during the period.

UBS Group Price Performance

UBS Group stock traded down $0.38 during mid-day trading on Tuesday, reaching $28.64. The company had a trading volume of 127,654 shares, compared to its average volume of 2,353,952. UBS Group AG has a 1 year low of $23.23 and a 1 year high of $32.13. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $91.83 billion, a P/E ratio of 3.16 and a beta of 1.15. The stock’s 50-day simple moving average is $30.10 and its 200-day simple moving average is $29.98.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the company posted $1.88 earnings per share. On average, equities analysts predict that UBS Group AG will post 1.02 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

About UBS Group

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.