Lansforsakringar Fondforvaltning AB publ Has $53.93 Million Holdings in UBS Group AG $UBS

Lansforsakringar Fondforvaltning AB publ boosted its stake in UBS Group AG (NYSE:UBS) by 3.2% in the first quarter, HoldingsChannel.com reports. The firm owned 1,410,094 shares of the bank’s stock after buying an additional 43,522 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in UBS Group were worth $53,926,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in shares of UBS Group by 53.6% in the first quarter. Janney Montgomery Scott LLC now owns 15,056 shares of the bank’s stock valued at $588,000 after buying an additional 5,257 shares during the period. Venturi Wealth Management LLC boosted its holdings in UBS Group by 61.5% in the first quarter. Venturi Wealth Management LLC now owns 19,502 shares of the bank’s stock valued at $762,000 after acquiring an additional 7,427 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new position in shares of UBS Group in the 1st quarter worth approximately $349,000. BTC Capital Management Inc. boosted its stake in shares of UBS Group by 26.1% in the 1st quarter. BTC Capital Management Inc. now owns 72,621 shares of the bank’s stock valued at $2,837,000 after purchasing an additional 15,052 shares during the last quarter. Finally, Banque Cantonale Vaudoise increased its position in shares of UBS Group by 6.0% during the first quarter. Banque Cantonale Vaudoise now owns 7,141,370 shares of the bank’s stock worth $273,109,000 after buying an additional 402,440 shares during the period.

Analyst Upgrades and Downgrades

UBS has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research report on Thursday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Keefe, Bruyette & Woods downgraded UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, June 19th. Barclays upgraded UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Up 1.0%

Shares of NYSE:UBS opened at $49.57 on Tuesday. The business’s 50 day simple moving average is $46.63 and its two-hundred day simple moving average is $44.34. The firm has a market cap of $154.85 billion, a P/E ratio of 17.77, a PEG ratio of 0.82 and a beta of 1.19. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 0.85. UBS Group AG has a 52-week low of $33.48 and a 52-week high of $51.24.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. UBS Group had a return on equity of 10.05% and a net margin of 12.66%.The firm had revenue of $13.64 billion during the quarter, compared to the consensus estimate of $13.16 billion. As a group, research analysts forecast that UBS Group AG will post 3.33 EPS for the current fiscal year.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.