GC Wealth Management RIA LLC Has $933,000 Stock Position in UBS Group AG $UBS

GC Wealth Management RIA LLC increased its holdings in UBS Group AG (NYSE:UBS) by 162.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,946 shares of the bank’s stock after acquiring an additional 14,829 shares during the period. GC Wealth Management RIA LLC’s holdings in UBS Group were worth $933,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of UBS Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 139,105,725 shares of the bank’s stock valued at $6,423,207,000 after purchasing an additional 1,758,287 shares during the period. Norges Bank acquired a new stake in shares of UBS Group during the fourth quarter worth approximately $4,889,413,000. Fisher Asset Management LLC boosted its holdings in shares of UBS Group by 4.8% during the fourth quarter. Fisher Asset Management LLC now owns 64,107,264 shares of the bank’s stock worth $2,968,807,000 after purchasing an additional 2,938,827 shares during the period. Pictet Asset Management Holding SA grew its position in UBS Group by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 35,932,192 shares of the bank’s stock valued at $1,676,302,000 after purchasing an additional 629,310 shares in the last quarter. Finally, Deutsche Bank AG grew its position in UBS Group by 19.1% during the fourth quarter. Deutsche Bank AG now owns 29,605,781 shares of the bank’s stock valued at $1,371,044,000 after purchasing an additional 4,744,982 shares in the last quarter.

Wall Street Analysts Forecast Growth

UBS has been the topic of several research reports. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Monday. Zacks Research raised shares of UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Wall Street Zen upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $60.30.

UBS Group Trading Up 0.3%

Shares of NYSE UBS opened at $51.69 on Friday. The stock has a market cap of $161.47 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.80 and a beta of 1.19. The business has a 50 day simple moving average of $49.69 and a 200 day simple moving average of $45.20. UBS Group AG has a 52 week low of $35.94 and a 52 week high of $55.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.16 billion. UBS Group had a return on equity of 10.05% and a net margin of 12.66%. On average, research analysts predict that UBS Group AG will post 3.51 earnings per share for the current fiscal year.

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.