State of Wisconsin Investment Board Purchases Shares of 1,260,085 UBS Group AG $UBS

State of Wisconsin Investment Board purchased a new stake in UBS Group AG (NYSE:UBS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,260,085 shares of the bank’s stock, valued at approximately $58,785,000.

A number of other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in shares of UBS Group by 73.9% in the first quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock valued at $1,927,000 after purchasing an additional 26,728 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of UBS Group by 18.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock valued at $137,000 after purchasing an additional 708 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of UBS Group by 3.1% in the first quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after purchasing an additional 1,267 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of UBS Group by 11.6% in the first quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock valued at $432,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of UBS Group by 62.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after purchasing an additional 573 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UBS shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Barclays upgraded shares of 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 report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.30.

UBS Group Price Performance

Shares of UBS opened at $50.46 on Wednesday. The company has a market cap of $157.62 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 0.83 and a beta of 1.19. UBS Group AG has a 1-year low of $30.36 and a 1-year high of $50.91. The company’s fifty day simple moving average is $45.11 and its 200 day simple moving average is $43.67. The company has a current ratio of 0.85, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The business had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. On average, research analysts forecast that UBS Group AG will post 3.33 earnings per share for the current fiscal year.

About UBS Group

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.