17,330 Shares of UBS Group AG $UBS Purchased by Massachusetts Wealth Management

Massachusetts Wealth Management acquired a new stake in UBS Group AG (NYSE:UBS) in the 3rd quarter, Holdings Channel reports. The fund acquired 17,330 shares of the bank’s stock, valued at approximately $834,000.

A number of other institutional investors also recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its stake in UBS Group by 43.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 23,716,879 shares of the bank’s stock worth $1,144,417,000 after purchasing an additional 7,180,461 shares in the last quarter. Amundi increased its stake in UBS Group by 16.9% during the 1st quarter. Amundi now owns 23,294,847 shares of the bank’s stock valued at $910,130,000 after purchasing an additional 3,374,516 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in UBS Group by 7.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 18,850,928 shares of the bank’s stock valued at $728,340,000 after purchasing an additional 1,323,586 shares in the last quarter. Ninety One UK Ltd increased its stake in UBS Group by 4.7% during the 3rd quarter. Ninety One UK Ltd now owns 7,469,509 shares of the bank’s stock valued at $360,437,000 after purchasing an additional 336,264 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in UBS Group by 6.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,141,370 shares of the bank’s stock valued at $273,109,000 after purchasing an additional 402,440 shares in the last quarter.

UBS Group Stock Up 1.4%

Shares of NYSE:UBS opened at $47.89 on Thursday. UBS Group AG has a 52-week low of $36.29 and a 52-week high of $55.99. The stock has a market cap of $149.62 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 0.71 and a beta of 1.21. The business has a 50-day moving average price of $51.16 and a 200-day moving average price of $49.16.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, July 29th. The bank reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). The firm had revenue of $13.35 billion during the quarter, compared to analysts’ expectations of $13.40 billion. UBS Group had a net margin of 13.10% and a return on equity of 10.50%. UBS Group’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. As a group, equities analysts anticipate that UBS Group AG will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBS has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Monday, June 29th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a report on Wednesday, September 2nd. Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Friday, July 31st. Finally, Royal Bank Of Canada restated a “buy” rating on shares of UBS Group in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, UBS Group has an average rating of “Hold” and an average target price of $60.30.

UBS Group Company Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.