M&G Plc Increases Stock Position in UBS Group AG (NYSE:UBS)

M&G PLC lifted its position in UBS Group AG (NYSE:UBS - Free Report) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,507,947 shares of the bank's stock after buying an additional 135,766 shares during the period. M&G PLC owned about 0.14% of UBS Group worth $138,593,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in UBS Group during the 2nd quarter valued at $41,000. RFP Financial Group LLC increased its holdings in UBS Group by 58.3% in the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank's stock worth $44,000 after buying an additional 526 shares in the last quarter. Larson Financial Group LLC lifted its stake in UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank's stock valued at $47,000 after acquiring an additional 1,493 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank's stock valued at $49,000 after acquiring an additional 1,416 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of UBS Group in the second quarter worth approximately $50,000.

UBS Group Stock Performance

Shares of NYSE UBS traded up $0.06 during trading on Thursday, hitting $33.08. The company had a trading volume of 1,621,328 shares, compared to its average volume of 2,171,276. UBS Group AG has a 12 month low of $24.07 and a 12 month high of $33.34. 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 firm has a market capitalization of $106.07 billion, a P/E ratio of 27.58 and a beta of 1.15. The stock has a 50 day simple moving average of $30.93 and a 200 day simple moving average of $30.30.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.15. The business had revenue of $19.31 billion during the quarter, compared to analyst estimates 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 in the prior year, the business posted ($0.24) EPS. As a group, analysts anticipate that UBS Group AG will post 1.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UBS. Bank of America assumed coverage on shares of UBS Group in a research report on Thursday, September 19th. They set 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

UBS Group 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.