Bayesian Capital Management LP Purchases New Holdings in UBS Group AG (NYSE:UBS)

Bayesian Capital Management LP purchased a new stake in shares of UBS Group AG (NYSE:UBS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,400 shares of the bank’s stock, valued at approximately $1,303,000.

Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of UBS Group in the fourth quarter valued at approximately $5,004,151,000. Pzena Investment Management LLC increased its stake in shares of UBS Group by 392.8% during the fourth quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock worth $931,484,000 after purchasing an additional 24,027,505 shares during the period. Vanguard Group Inc. increased its stake in shares of UBS Group by 6.8% during the fourth quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock worth $3,522,067,000 after purchasing an additional 7,249,527 shares during the period. M&G Plc bought a new position in shares of UBS Group during the first quarter worth approximately $173,678,000. Finally, WCM Investment Management LLC increased its stake in shares of UBS Group by 6,797.0% during the fourth quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock worth $143,567,000 after purchasing an additional 4,568,457 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UBS shares. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

UBS Group Stock Performance

UBS stock opened at $30.38 on Wednesday. The stock has a 50-day moving average price of $30.65 and a 200-day moving average price of $29.77. UBS Group AG has a 1-year low of $21.34 and a 1-year high of $32.13. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.00. The firm has a market cap of $97.41 billion, a PE ratio of 3.27 and a beta of 1.16.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Tuesday, May 7th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The firm had revenue of $12.74 billion during the quarter, compared to analyst estimates of $12.05 billion. As a group, equities research analysts expect that UBS Group AG will post 1.02 earnings per share for the current year.

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.