Zurich Cantonal Bank (Zurich C – GuruFocus.com

Zurich Cantonal Bank (Zurich Cantonal Bank) recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock positions. listed in the United States and American certificates of deposit at the end of the quarter. They are not required to include international holdings, short positions or other types of investments. Yet even this limited repository can provide valuable information.

Zürcher Kantonalbank is the fourth largest bank in Switzerland and the largest cantonal bank. The bank was founded in 1870 with the founding support of board member Johan Jakob Keller. Zürcher Kantonalbank was intended to be the “bank of the citizens of Zürich” and would provide for the needs of workers and employees for their neglected businesses and industrial undertakings. The canton of Zurich provided the necessary initial endowment capital and guaranteed the bank’s liabilities and appointed the entity’s board of directors. At the beginning of the 1900s, the company will experience accelerated growth which reflects the significant recovery of the Zurich economy. Zürcher Kantonalbank would retain conservative business operations and be able to weather the credit crisis of the early 1930s with relative ease and be able to provide stability and reliability to the canton during wars and crises of the first half of the 1900s. The company would become an important international financial center by the end of the 1900s and would reach 35 billion francs in total assets with more than 3,700 employees by 1988. Although the Cantonal Bank of Zurich suffer some setbacks during the real estate crisis of the 1990s and be restructured, the company would become an international universal bank. The bank would be hit hard by the 2008 financial crisis and would rely on its interest margin business to provide income stable enough to survive. Zürcher Kantonalbank would recover and add nine new business units in the following years. The bank is currently ranked among the five safest banks in the world and currently manages more than 150 billion Swiss francs with nearly 5,000 employees. Zürcher Kantonalbank operates through a network of over 100 branches in Zürich and has its investments highly diversified with assets spread across a wide variety of sectors.

According to the latest 13F report, the guru’s stock portfolio contained 2813 stocks valued at a total of $17.02 billion. Top holdings were MSFT (4.73%), AAPL (4.65%) and UBS (4.02%).

According to data from GuruFocus, these were the top five deals for Zurcher Kantonalbank (Zurich Cantonalbank) in the quarter.

Tesla Inc.

During the quarter, Zurcher Kantonalbank (Zurich Cantonalbank) purchased 71,610 shares of NAS:TSLA for a total holding of 340,617. The transaction had an impact of 0.28% on the equity portfolio. During the quarter, the stock traded at an average price of $822.98.

On 8/11/2022, Tesla Inc traded at a price of $883.07 per share and a market capitalization of $922.36 billion. The stock has returned 24.38% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 5 out of 10.

In terms of valuation, Tesla Inc has a price/earnings ratio of 107.73, a price/pounds ratio of 25.59, an EV/Ebitda ratio of 64.27 and a price/sales ratio of 15.19.

The GF price/value ratio is 0.87, giving the stock a GF value rank of 9.

NVIDIA Corp.

During the quarter, Zurcher Kantonalbank (Zurich Cantonalbank) purchased 231,321 shares of NAS:NVDA for a total holding of 1,243,745. The transaction had an impact of 0.21% on the equity portfolio. During the quarter, the stock traded at an average price of $190.07.

As of 08/11/2022, NVIDIA Corp traded at a price of $180.97 per share and a market capitalization of $452.43 billion. The stock has returned -9.14% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, NVIDIA Corp has a price/earnings ratio of 48.54, a price/book ratio of 17.23, a price/earnings/growth (PEG) ratio of 1.51, an EV/Ebitda ratio of 39.72 and a price-to-sales ratio of 15.56.

The GF price-to-value ratio is 0.68, giving the stock a GF value rank of 10.

UBS Group AG

During the quarter, Zurcher Kantonalbank (Zurich Cantonalbank) purchased 2,019,155 shares of NYSE:UBS for a total holding of 42,550,996. The transaction had an impact of 0.19% on the equity portfolio. During the quarter, the stock traded at an average price of $17.56.

On 08/11/2022, UBS Group AG traded at a price of $16.78 per share and a market capitalization of $59.03 billion. The stock has returned 2.07% over the past year.

GuruFocus gives the company a financial strength rating of 2 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, UBS Group SA has a price/earnings ratio of 7.65, a price/book ratio of 0.95, a price/earnings/growth (PEG) ratio of 3.06 and a price/sales ratio of 1.68.

The GF price-to-value ratio is 0.99, giving the stock a GF value rank of 6.

Amazon.com Inc.

Zurcher Kantonalbank (Zurich Cantonalbank) reduced its investment in NAS:AMZN by 228,493 shares. The transaction had an impact of 0.18% on the equity portfolio. During the quarter, the stock traded at an average price of $125.73.

On 8/11/2022, Amazon.com Inc traded at a price of $142.69 per share and a market capitalization of $1,453.66 billion. The stock has returned -14.06% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Amazon.com Inc has a price/earnings ratio of 127.86, a price/book ratio of 11.08, a price/earnings/growth (PEG) ratio of 3.05, an EV/ Ebitda of 29.93. and a price-to-sales ratio of 3.01.

The GF price/value ratio is 0.76, giving the stock a GF value rank of 10.

Aptiv PLC

Zurcher Kantonalbank (Zurich Cantonalbank) reduced its investment in NYSE:APTV by 279,080 shares. The transaction had an impact of 0.16% on the equity portfolio. During the quarter, the stock traded at an average price of $102.33.

On 8/11/2022, Aptiv PLC traded at a price of $105.33 per share and a market capitalization of $28.54 billion. The stock has returned -37.95% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Aptiv PLC has a price/earnings ratio of 257.25, a price/book ratio of 3.62, a price/earnings/growth (PEG) ratio of 51.45, an EV/Ebitda ratio of 22.43 and a price-to-sales ratio of 1.83.

The GF price/value ratio is 0.91, giving the stock a GF value rank of 9.

Please note that figures and facts quoted are at the time of writing this article and may not reflect the latest business data or company announcements.

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