UBS Group AG (NYSE:UBS) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in UBS Group AG (NYSE:UBS) by 0.5% during the third quarter, HoldingsChannel reports. The firm owned 102,797 shares of the bank’s stock after purchasing an additional 521 shares during the quarter. PNC Financial Services Group Inc.’s holdings in UBS Group were worth $3,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UBS Group by 11.3% in 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 in the last quarter. Legal & General Group Plc boosted its stake in shares of UBS Group by 11,313.2% in the second 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 in the last quarter. Pzena Investment Management LLC boosted its stake in shares of UBS Group by 0.9% in the second quarter. Pzena Investment Management LLC now owns 29,951,235 shares of the bank’s stock valued at $884,759,000 after buying an additional 280,696 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of UBS Group by 20.3% in the second quarter. Acadian Asset Management LLC now owns 9,779,265 shares of the bank’s stock valued at $287,803,000 after buying an additional 1,649,115 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of UBS Group by 10.8% in the second quarter. Canada Pension Plan Investment Board now owns 8,630,819 shares of the bank’s stock valued at $254,045,000 after buying an additional 843,903 shares in the last quarter.

UBS Group Stock Up 0.2 %

UBS opened at $31.80 on Monday. The business’s fifty day moving average is $31.52 and its two-hundred day moving average is $30.69. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $101.96 billion, a price-to-earnings ratio of 26.50 and a beta of 1.15. UBS Group AG has a one year low of $26.00 and a one year high of $33.34.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (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 business had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the prior year, the business earned ($0.24) earnings per share. Analysts anticipate that UBS Group AG will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

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

UBS Group Company Profile

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.