Lansforsakringar Fondforvaltning AB publ Has $53.93 Million Stock Position in UBS Group AG $UBS

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of UBS Group AG (NYSE:UBS) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,410,094 shares of the bank’s stock after buying an additional 43,522 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in UBS Group were worth $53,926,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in UBS Group by 73.9% during the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock valued at $1,927,000 after purchasing an additional 26,728 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in UBS Group by 18.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock valued at $137,000 after buying an additional 708 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of UBS Group by 3.1% in the first quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after purchasing an additional 1,267 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of UBS Group by 11.6% during the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock worth $432,000 after buying an additional 1,469 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in UBS Group by 62.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after purchasing an additional 573 shares in the last quarter.

UBS Group Trading Up 1.0%

Shares of UBS Group stock opened at $49.57 on Tuesday. The firm has a market capitalization of $154.85 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19. 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 firm’s 50 day moving average is $46.63 and its 200 day moving average is $44.34. UBS Group AG has a 1 year low of $33.48 and a 1 year high of $51.24.

UBS Group (NYSE:UBS) last issued its earnings results 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. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. Equities research analysts forecast that UBS Group AG will post 3.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UBS shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Monday. Weiss Ratings lowered UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UBS Group in a research note on Thursday, May 7th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods downgraded shares of UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. 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 company’s stock. Based on data from MarketBeat.com, UBS Group presently has an average rating of “Hold” and a consensus target price of $60.30.

UBS Group Company Profile

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.