Fidelity Management & Research Co recently announced the acquisition of new stake in UBS Group AG (NYSE:UBS). The institutional investor has increased its shareholding in the Financial company by 50.56% to 38.44 million shares with purchase of 12.91 million shares. This fresh investment now brings its stake to 1.11% valued currently at $1.09 billion. In addition, Capital Research & Management Co raised its holdings by 15.48 million to 33.54 million shares. And Goldman Sachs International has lifted its position by 64.92% or 11.97 million shares – to 30.41 million shares.
With over 4.18 million UBS Group AG (UBS) shares trading Tuesday and a closing price of $31.04 on the day, the dollar volume was approximately $129.74 million. The shares have shown a positive half year performance of 56.14% and its price on 12/26/23 gained nearly 0.49%. Currently, there are 3.11B common shares owned by the public and among those 2.84B shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for UBS have a consensus price objective of $30.64. The analysts have set the share’s price value over the next 12 months at a high of $39.43 and a low of $19.80. The average price target is -1.94% below its recent price level and a downside to the estimated low will see the stock lose -56.77% over that period. But an upside of 21.28% will see the stock hit the forecast high price target while median target price for the stock is $32.03.
Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 11 occasions, with total insider shares sold totaling 1,087,401 shares.
The top 3 mutual fund holders in UBS Group AG are Government Pension Fund – Global, Dodge & Cox International Stock F, and Artisan International Value Fund. Government Pension Fund – Global owns 118.78 million shares of the company’s stock, all valued at over $3.36 billion. The company sold -47.65 million shares recently to bring their total holdings to about 3.43% of the shares outstanding. Dodge & Cox International Stock F sold -13.01 million shares to see its total holdings shrink to 67.21 million shares valued at over $1.9 billion and representing 1.94% of the shares outstanding. Artisan International Value Fund sold -0.28 million shares to bring its total holdings to over 52.44 million shares at a value of $1.48 billion. Artisan International Value Fund now owns shares totaling to 1.52% of the shares outstanding.
Shares of UBS Group AG (NYSE: UBS) opened at $30.79, down -$0.1 from a prior closing price of $30.89. However, the script later moved the day high at 31.15, up 0.49%. The company’s stock has a 5-day price change of 6.30% and 23.81% over the past three months. UBS shares are trading 68.41% year to date (YTD), with the 12-month market performance up to 70.98% higher. It has a 12-month low price of $17.76 and touched a high of $31.13 over the same period. UBS has an average intraday trading volume of 3.21 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.11%, 18.24%, and 36.14% respectively.
Institutional ownership of UBS Group AG (NYSE: UBS) shares accounts for 46.05% of the company’s 3.11B shares outstanding. Mutual fund holders own 3.19%, while other institutional holders and individual stakeholders account for 37.81% and — respectively.
It has a market capitalization of $100.36B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 3.24, while the earnings-per-share (ttm) stands at $9.57. The company has a PEG of 0.28 and the debt-to-equity ratio at 5.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.74% over the week and 1.53% over the month.
Analysts forecast that UBS Group AG (UBS) will achieve an EPS of $0.22 for the current quarter, $0 for the next quarter and $1.68 for 2024. The lowest estimate earnings-per-share for the quarter is $0.22 while analysts give the company a high EPS estimate of $0.22. Comparatively, EPS for the current quarter was $0.5 a year ago. Earnings per share for the fiscal year are expected to decrease by -53.84%, and 56.94% over the next financial year. EPS should shrink at an annualized rate of 11.70% over the next five years, compared to 55.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 19 brokerage firm advisors rate UBS Group AG (UBS) as a “Moderate Buy” at a consensus score of 2.21. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 5 of the 19 advise that investors “hold,” and 3 rated it as a “Sell.”
