Jane Street Group LLC lifted its holdings in shares of UBS (NYSE:UBS) by 134.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,420 shares of the bank’s stock after buying an additional 176,573 shares during the period. Jane Street Group LLC’s holdings in UBS were worth $5,653,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of UBS by 4.0% during the fourth quarter. Franklin Resources Inc. now owns 65,055,289 shares of the bank’s stock worth $1,197,783,000 after buying an additional 2,520,690 shares during the period. Fisher Asset Management LLC boosted its position in shares of UBS by 3.9% during the fourth quarter. Fisher Asset Management LLC now owns 42,907,502 shares of the bank’s stock worth $789,069,000 after buying an additional 1,604,297 shares during the period. Deutsche Bank AG lifted its position in UBS by 13.9% in the fourth quarter. Deutsche Bank AG now owns 24,975,195 shares of the bank’s stock worth $459,289,000 after purchasing an additional 3,038,816 shares during the period. Allianz Asset Management GmbH lifted its position in UBS by 4.5% in the fourth quarter. Allianz Asset Management GmbH now owns 21,758,540 shares of the bank’s stock worth $400,573,000 after purchasing an additional 938,277 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in UBS in the fourth quarter worth approximately $352,202,000. Institutional investors and hedge funds own 36.72% of the company’s stock.
A number of equities research analysts have weighed in on the company. Morgan Stanley restated a “buy” rating on shares of UBS in a research report on Tuesday, February 13th. JPMorgan Chase restated a “buy” rating on shares of UBS in a research report on Wednesday, March 7th. ValuEngine downgraded UBS from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Barclays assumed coverage on UBS in a research report on Tuesday, January 16th. They issued an “underweight” rating for the company. Finally, Zacks Investment Research downgraded UBS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 3rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. UBS currently has an average rating of “Hold” and a consensus price target of $22.00.
Shares of NYSE UBS traded down $0.22 during trading on Friday, hitting $17.09. The company had a trading volume of 2,379,418 shares, compared to its average volume of 2,410,757. The stock has a market capitalization of $65,869.94, a P/E ratio of 15.97 and a beta of 1.33. UBS has a 52 week low of $15.10 and a 52 week high of $20.89. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.21 and a current ratio of 1.21.
UBS (NYSE:UBS) last posted its quarterly earnings results on Sunday, January 21st. The bank reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $7.31 billion for the quarter. UBS had a return on equity of 7.96% and a net margin of 3.16%. research analysts forecast that UBS will post 1.63 earnings per share for the current year.
UBS declared that its board has initiated a stock buyback plan on Monday, January 22nd that authorizes the company to repurchase outstanding shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
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UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through five divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management, and Investment Bank. The Wealth Management division offers advisory and financial services to wealthy private clients.
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