Massachusetts Wealth Management Makes New $834,000 Investment in UBS Group AG $UBS

Massachusetts Wealth Management bought a new stake in shares of UBS Group AG (NYSE:UBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,330 shares of the bank’s stock, valued at approximately $834,000.

Several other hedge funds and other institutional investors have also bought and sold shares of UBS. Assenagon Asset Management S.A. raised its position in shares of UBS Group by 43.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 23,716,879 shares of the bank’s stock worth $1,144,417,000 after acquiring an additional 7,180,461 shares in the last quarter. Amundi boosted its position in UBS Group by 16.9% during the first quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after purchasing an additional 3,374,516 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in UBS Group by 7.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock valued at $728,340,000 after purchasing an additional 1,323,586 shares in the last quarter. Ninety One UK Ltd boosted its position in UBS Group by 4.7% during the third quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock valued at $360,437,000 after purchasing an additional 336,264 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in UBS Group by 6.0% in the first quarter. Banque Cantonale Vaudoise now owns 7,141,370 shares of the bank’s stock valued at $273,109,000 after purchasing an additional 402,440 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reiterated a “buy” rating on shares of UBS Group in a report on Wednesday, September 23rd. Wall Street Zen lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research report on Friday, July 31st. Finally, Bank of America reaffirmed a “buy” rating on shares of UBS Group in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $60.30.

UBS Group Trading Up 1.4%

Shares of UBS stock opened at $47.89 on Thursday. The business’s fifty day simple moving average is $51.16 and its 200-day simple moving average is $49.16. The company has a market cap of $149.62 billion, a PE ratio of 16.07, a PEG ratio of 0.71 and a beta of 1.21. UBS Group AG has a 12-month low of $36.29 and a 12-month high of $55.99.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.03). The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. On average, equities analysts forecast that UBS Group AG will post 3.59 earnings per share for the current year.

UBS Group Company Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.