UBS Group AG (NYSE:UBS) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC increased its stake in UBS Group AG (NYSE:UBS) by 58.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,214 shares of the bank’s stock after buying an additional 11,531 shares during the quarter. Verition Fund Management LLC’s holdings in UBS Group were worth $965,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of UBS Group by 6.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,349,524 shares of the bank’s stock worth $1,771,713,000 after purchasing an additional 3,289,387 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in UBS Group by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock worth $1,591,242,000 after buying an additional 5,508,422 shares in the last quarter. Legal & General Group Plc boosted its position in UBS Group by 11,313.2% in the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after buying an additional 41,027,134 shares during the last quarter. Pzena Investment Management LLC increased its holdings in UBS Group by 2.8% during the 3rd quarter. Pzena Investment Management LLC now owns 30,802,466 shares of the bank’s stock worth $952,104,000 after purchasing an additional 851,231 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of UBS Group by 20.3% during the second quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock worth $287,803,000 after buying an additional 1,649,115 shares in the last quarter.

UBS Group Price Performance

Shares of NYSE:UBS opened at $32.79 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The firm has a 50-day simple moving average of $31.89 and a 200 day simple moving average of $30.84. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $33.34. The company has a market cap of $105.14 billion, a PE ratio of 27.33 and a beta of 1.14.

UBS Group (NYSE:UBS) last posted its earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, beating the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. During the same period in the prior year, the company earned ($0.24) earnings per share. On average, sell-side analysts anticipate that UBS Group AG will post 1.73 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UBS shares. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America assumed coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.