Commerce Bank Grows Stake in UBS Group AG (NYSE:UBS)

Commerce Bank grew its holdings in UBS Group AG (NYSE:UBS) by 3.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,278 shares of the bank’s stock after acquiring an additional 346 shares during the quarter. Commerce Bank’s holdings in UBS Group were worth $287,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legal & General Group Plc grew its stake in UBS Group by 11,313.2% during the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after buying an additional 41,027,134 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in UBS Group by 11.3% during 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 during the last quarter. Susquehanna International Securities Ltd. grew its stake in UBS Group by 162.3% during the 2nd quarter. Susquehanna International Securities Ltd. now owns 5,016,425 shares of the bank’s stock worth $148,185,000 after buying an additional 3,103,747 shares during the last quarter. Acadian Asset Management LLC grew its stake in UBS Group by 20.3% during 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 last quarter. Finally, AXA S.A. grew its stake in UBS Group by 25.6% during the 2nd quarter. AXA S.A. now owns 4,441,397 shares of the bank’s stock worth $131,199,000 after buying an additional 905,612 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on UBS. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America began coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

UBS Group Stock Up 0.5 %

UBS opened at $31.34 on Thursday. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $31.62 and a 200-day simple moving average of $30.73. The stock has a market capitalization of $100.47 billion, a P/E ratio of 26.11 and a beta of 1.15. UBS Group AG has a 12 month low of $26.00 and a 12 month high of $33.34.

UBS Group (NYSE:UBS) last posted its quarterly 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. 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 period last year, the firm earned ($0.24) EPS. On average, equities analysts anticipate that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

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.