Fisher Asset Management LLC Acquires Shares of 772,707 UBS Group AG (NYSE:UBS)

Fisher Asset Management LLC acquired a new position in shares of UBS Group AG (NYSE:UBS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 772,707 shares of the bank’s stock, valued at approximately $23,884,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Commerce Bank grew its stake in UBS Group by 3.9% during the 3rd quarter. Commerce Bank now owns 9,278 shares of the bank’s stock worth $287,000 after buying an additional 346 shares during the last quarter. Drive Wealth Management LLC grew its position in shares of UBS Group by 3.2% during the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock worth $328,000 after acquiring an additional 349 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of UBS Group by 15.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after acquiring an additional 355 shares during the period. Parallel Advisors LLC raised its position in UBS Group by 2.6% in the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after purchasing an additional 420 shares during the last quarter. Finally, Traveka Wealth LLC boosted its stake in UBS Group by 6.2% during the 2nd quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock worth $221,000 after purchasing an additional 435 shares during the period.

Wall Street Analyst Weigh In

UBS has been the subject of a number of research reports. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America began coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

UBS Group Stock Up 0.5 %

UBS stock opened at $31.34 on Thursday. The stock has a market capitalization of $100.47 billion, a PE ratio of 26.11 and a beta of 1.15. The company has a fifty day moving average of $31.62 and a 200-day moving average of $30.73. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a one year low of $26.00 and a one year high of $33.34.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter last year, the firm earned ($0.24) earnings per share. As a group, analysts expect that UBS Group AG will post 1.73 EPS 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.