Koch Industries Inc. bought a new position in UBS Group AG (NYSE:UBS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,791 shares of the bank’s stock, valued at approximately $208,000.
Several other hedge funds have also modified their holdings of the company. Fiera Capital Corp purchased a new stake in shares of UBS Group during the first quarter worth about $177,000. Sei Investments Co. grew its stake in shares of UBS Group by 4.8% during the first quarter. Sei Investments Co. now owns 1,456,866 shares of the bank’s stock worth $25,729,000 after acquiring an additional 66,515 shares during the last quarter. NorthCoast Asset Management LLC purchased a new stake in shares of UBS Group during the first quarter worth about $2,001,000. BNP Paribas Arbitrage SA purchased a new stake in shares of UBS Group during the first quarter worth about $543,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of UBS Group by 15.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,781,173 shares of the bank’s stock worth $49,116,000 after acquiring an additional 375,252 shares during the last quarter. Institutional investors and hedge funds own 33.32% of the company’s stock.
UBS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated a “buy” rating on shares of UBS Group in a research note on Monday, June 4th. Zacks Investment Research lowered UBS Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 3rd. ValuEngine lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, TheStreet lowered UBS Group from a “c” rating to a “d+” rating in a research report on Wednesday, April 25th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.
Shares of UBS Group opened at $15.31 on Thursday, according to MarketBeat Ratings. The company has a market capitalization of $58.43 billion, a P/E ratio of 14.31 and a beta of 1.31. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.98 and a current ratio of 0.98. UBS Group AG has a 52 week low of $15.02 and a 52 week high of $20.89.
UBS Group (NYSE:UBS) last announced its quarterly earnings data on Monday, April 23rd. The bank reported $0.46 earnings per share for the quarter. The firm had revenue of $8.12 billion during the quarter. UBS Group had a net margin of 3.93% and a return on equity of 8.58%. sell-side analysts predict that UBS Group AG will post 1.47 earnings per share for the current fiscal year.
UBS Group Profile
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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