772,707 Shares in UBS Group AG (NYSE:UBS) Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC acquired a new stake in UBS Group AG (NYSE:UBS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 772,707 shares of the bank’s stock, valued at approximately $23,884,000.

A number of other large investors also recently bought and sold shares of the stock. Toronto Dominion Bank lifted its holdings in shares of UBS Group by 286.3% in the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after acquiring an additional 201,809 shares during the last quarter. Legal & General Group Plc lifted its stake in UBS Group by 11,313.2% during the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after purchasing an additional 41,027,134 shares in the last quarter. Cetera Investment Advisers lifted its stake in UBS Group by 206.3% during the first quarter. Cetera Investment Advisers now owns 65,029 shares of the bank’s stock worth $1,998,000 after purchasing an additional 43,800 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of UBS Group by 226.8% during the second quarter. AQR Capital Management LLC now owns 27,928 shares of the bank’s stock worth $825,000 after buying an additional 19,382 shares during the period. Finally, Fiera Capital Corp grew its stake in shares of UBS Group by 81.4% in the third quarter. Fiera Capital Corp now owns 111,500 shares of the bank’s stock valued at $3,446,000 after buying an additional 50,041 shares in the last quarter.

UBS Group Trading Up 0.5 %

NYSE:UBS opened at $31.34 on Thursday. UBS Group AG has a 12-month low of $26.00 and a 12-month high of $33.34. The firm has a market cap of $100.47 billion, a PE ratio of 26.11 and a beta of 1.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock has a fifty day moving average price of $31.62 and a 200 day moving average price of $30.73.

UBS Group (NYSE:UBS) last announced 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 during the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter last year, the business posted ($0.24) EPS. Sell-side analysts anticipate that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America started coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently 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.