Fidelity Management & Research Co has recently announced that it has increased stake in UBS Group AG (NYSE:UBS) by 50.56%. After grabbing 38.44 million shares, the institutional investor is now in possession of 12.91 million shares of the Financial Company. The new investment brought the stake of investor firm to 1.11% having worth around $1.09 billion. Moreover, Capital Research & Management Co increased its share by 15.48 million to have a control over 33.54 million shares. And Goldman Sachs International raised its holdings to 11.97 million shares by acquiring 30.41 million shares or 0.88% of the stake.
UBS Group AG (UBS) concluded trading on 01/10/24 at a closing price of $29.92, with 2.88 million shares of worth about $86.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.61% during that period and on Wednesday the price saw a gain of about 0.67%. Currently the company’s common shares owned by public are about 3.11B shares, out of which, 2.84B shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the UBS stock and their offered price forecasts bring an average price target of $31.44. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $39.43 and could fall to a lowest price of $19.80. The stock’s current price level is 4.35% above of average price target set by the analysts, while a rise to estimated low would result in loss of -51.11% for the stock. However, touching the estimated high of $39.43 would mean a gain of 24.12% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 11 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 11 selling transactions, insiders dumped 1,087,401 shares.
Government Pension Fund – Global, Dodge & Cox International Stock F, and Artisan International Value Fund are the top 3 mutual funds which are holding stakes in UBS Group AG Government Pension Fund – Global is currently holding 118.78 million shares of worth totaling $3.36 billion. The company recently came selling -47.65 million shares which brought its stake up to 3.43% of the company’s outstanding shares. Dodge & Cox International Stock F sold -13.01 million shares, after which its hold over company’s outstanding shares shrunk to 1.94%, leaving 67.21 million shares with the mutual fund that have a worth of about $1.9 billion. Artisan International Value Fund, after selling 52.44 million shares, have now control over 1.52% of the stake in the company. It holds -0.28 million shares of worth $1.48 billion.
UBS Group AG (NYSE: UBS) started trading at $30.02, above $0.3 from concluding price of the previous day. However, the stock later moved at a day high price of 30.03, or with a gain of 0.67%. Stock saw a price change of 2.12% in past 5 days and over the past one month there was a price change of 4.95%. Year-to-date (YTD), UBS shares are showing a performance of -3.17% which increased to 51.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.76 but also hit the highest price of $31.40 during that period. The average intraday trading volume for UBS Group AG shares is 3.36 million. The stock is currently trading -0.29% below its 20-day simple moving average (SMA20), while that difference is up 8.83% for SMA50 and it goes to 28.12% higher than SMA200.
Fidelity Management & Research Co acquired 38.44 million shares of UBS Group AG having value of about $1.09 billion. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 12.91 million shares in the company valued at close to $386200388.64, or have control over 50.56% stake in the company. UBS Group AG (NYSE: UBS) currently have 3.11B outstanding shares and institutions hold larger chunk of about 45.96% of that. Holding of mutual funds in the company is about 3.13% while other institutional holders and individual stake holders have control over 37.75% and — of the stake respectively.
The stock has a current market capitalization of $96.74B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 3.13, while it has posted earnings per share of $9.57 in the same period. Its PEG reads 0.31 while making debt-to-equity ratio of 5.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UBS, volatility over the week remained 1.17% while standing at 1.41% over the month.
Analysts are in expectations that UBS Group AG (UBS) stock would likely to be making an EPS of $0.22 in the current quarter, while forecast for next quarter EPS is $0 and it is $1.76 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.22 which is $0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.5 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -55.99% while it is estimated to increase by 63.24% in next year. EPS is likely to shrink at an annualized rate of 10.12% for next 5-years, compared to annual growth of 55.10% made by the stock over the past 5-years.
