Janus Henderson Group PLC Lowers Holdings in UBS Group AG (NYSE:UBS)

Janus Henderson Group PLC reduced its position in shares of UBS Group AG (NYSE:UBS) by 4.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,247,489 shares of the bank’s stock after selling 158,839 shares during the quarter. Janus Henderson Group PLC’s holdings in UBS Group were worth $100,036,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of UBS Group in the fourth quarter worth $5,004,151,000. Vanguard Group Inc. raised its position in UBS Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 115,529,381 shares of the bank’s stock worth $3,549,063,000 after buying an additional 1,546,632 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in UBS Group by 5.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,551,715 shares of the bank’s stock valued at $1,495,309,000 after acquiring an additional 2,602,616 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UBS Group by 9.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after acquiring an additional 3,840,395 shares during the period. Finally, Capital World Investors raised its stake in UBS Group by 3.1% during the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock valued at $1,175,229,000 after buying an additional 1,147,836 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup downgraded UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. BNP Paribas cut shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

UBS Group Stock Performance

UBS Group stock traded up $0.24 during trading on Wednesday, reaching $30.25. The company had a trading volume of 595,926 shares, compared to its average volume of 2,411,748. The firm’s 50-day simple moving average is $30.65 and its 200 day simple moving average is $29.77. UBS Group AG has a 52 week low of $21.34 and a 52 week high of $32.13. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $96.99 billion, a price-to-earnings ratio of 3.31 and a beta of 1.16.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, May 7th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.29. The company had revenue of $12.74 billion for the quarter, compared to analysts’ expectations of $12.05 billion. UBS Group had a net margin of 39.78% and a return on equity of 7.78%. Sell-side analysts forecast that UBS Group AG will post 1.02 earnings per share for the current fiscal year.

About UBS Group

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.