270,903 UBS Group AG $UBS Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of UBS Group AG (NYSE:UBS) by 4.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,676,157 shares of the bank’s stock after acquiring an additional 270,903 shares during the period. Russell Investments Group Ltd.’s holdings in UBS Group were worth $322,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. grew its stake in UBS Group by 1.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 13,525 shares of the bank’s stock valued at $651,000 after acquiring an additional 219 shares during the period. Net Worth Advisory Group raised its position in UBS Group by 1.5% during the third quarter. Net Worth Advisory Group now owns 18,224 shares of the bank’s stock worth $867,000 after acquiring an additional 277 shares during the period. Trust Point Inc. raised its position in UBS Group by 2.1% during the second quarter. Trust Point Inc. now owns 13,926 shares of the bank’s stock worth $690,000 after acquiring an additional 288 shares during the period. Cim LLC lifted its holdings in UBS Group by 0.7% during the first quarter. Cim LLC now owns 50,095 shares of the bank’s stock valued at $1,957,000 after purchasing an additional 332 shares in the last quarter. Finally, MGO One Seven LLC lifted its holdings in UBS Group by 2.8% during the third quarter. MGO One Seven LLC now owns 12,409 shares of the bank’s stock valued at $597,000 after purchasing an additional 335 shares in the last quarter.

Latest UBS Group News

Here’s some of the latest news about UBS:

• Neutral Sentiment: UBS AG said it plans to redeem all outstanding securities in ten exchange-traded note series. This is a product-level action, and the announcement did not indicate a material effect on UBS Group’s core business or earnings. UBS Announces Redemption of Ten ETNs
• Neutral Sentiment: Q3 filings showed UBS Group added shares of the ITA and EFV exchange-traded funds. These are reported portfolio holdings, not necessarily a direct investment of UBS’s own capital, so they offer little clear signal about UBS stock. ITA fund update EFV fund update
• Negative Sentiment: A report says CEO Sergio Ermotti’s warning has brought attention to risks from the AI infrastructure buildout. If elevated spending or expectations prove unsustainable, market volatility could weigh on client sentiment and UBS’s wealth-management business; the article details provided do not quantify the potential impact. UBS Group stock faces AI buildout risk after Ermotti warning

UBS Group Stock Performance

Shares of UBS opened at $48.45 on Friday. UBS Group AG has a one year low of $36.29 and a one year high of $55.99. The stock has a market capitalization of $151.36 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 0.73 and a beta of 1.19. The stock has a 50 day moving average price of $49.22 and a 200 day moving average price of $47.18.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 28th. The bank reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.06). UBS Group had a net margin of 13.36% and a return on equity of 10.77%. The firm had revenue of $13.39 billion during the quarter, compared to analysts’ expectations of $13.07 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts predict that UBS Group AG will post 3.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UBS. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research report on Thursday, October 29th. Bank of America restated a “buy” rating on shares of UBS Group in a research report on Tuesday, September 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a research note on Wednesday, September 23rd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of UBS Group in a research note on Monday, September 28th. Finally, Wall Street Zen cut UBS Group from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group Profile

UBS Group AG is a Swiss financial services company providing wealth management, banking, asset management and investment banking services to individuals, businesses, institutions and governments. It has a strong presence in Switzerland and serves clients in markets around the world. The company’s businesses include Global Wealth Management, Swiss Personal & Corporate Banking, Asset Management and the Investment Bank. Its services include financial planning and investment advice, lending and deposit products, portfolio and fund management, and capital markets and advisory services.