Oppenheimer Asset Management Inc. Buys 1,045 Shares of UBS Group AG (NYSE:UBS)

Oppenheimer Asset Management Inc. increased its stake in shares of UBS Group AG (NYSE:UBS) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,054 shares of the bank’s stock after acquiring an additional 1,045 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in UBS Group were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Legal & General Group Plc raised its position in shares of 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 worth $1,218,317,000 after acquiring an additional 41,027,134 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in UBS Group by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,060,137 shares of the bank’s stock valued at $1,591,242,000 after buying an additional 5,508,422 shares during the period. Susquehanna International Securities Ltd. boosted its holdings in shares of UBS Group by 162.3% during the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock valued at $148,185,000 after buying an additional 3,103,747 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of UBS Group by 20.3% in the 2nd 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 during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of UBS Group by 23.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 7,786,916 shares of the bank’s stock worth $239,824,000 after acquiring an additional 1,490,235 shares in the last quarter.

UBS Group Stock Performance

Shares of NYSE UBS opened at $31.85 on Wednesday. The firm’s fifty day moving average is $31.37 and its two-hundred day moving average is $30.63. UBS Group AG has a 52-week low of $25.94 and a 52-week high of $33.34. The company has a market cap of $102.12 billion, a P/E ratio of 26.54 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.15. The business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same quarter last year, the business posted ($0.24) EPS. As a group, analysts anticipate that UBS Group AG will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UBS shares. StockNews.com raised 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 research note on Thursday, September 19th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently 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.