Balyasny Asset Management L.P. Purchases Shares of 27,112 UBS Group AG (NYSE:UBS)

Balyasny Asset Management L.P. purchased a new stake in UBS Group AG (NYSE:UBS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 27,112 shares of the bank's stock, valued at approximately $822,000.

Other hedge funds also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new stake in UBS Group during the 4th quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new stake in UBS Group during the 4th quarter worth approximately $30,000. Headlands Technologies LLC acquired a new stake in UBS Group during the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in UBS Group during the 4th quarter worth approximately $41,000. Finally, Farther Finance Advisors LLC boosted its position in UBS Group by 27.6% during the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock worth $68,000 after buying an additional 482 shares during the period.

Wall Street Analysts Forecast Growth

UBS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research report on Monday, May 12th. Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Morgan Stanley lowered shares of UBS Group from an "overweight" rating to an "equal weight" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

UBS Group Trading Down 0.8%

Shares of NYSE:UBS traded down $0.27 during mid-day trading on Friday, hitting $33.02. The company had a trading volume of 2,659,954 shares, compared to its average volume of 2,300,838. The firm has a fifty day moving average price of $30.42 and a 200 day moving average price of $31.85. The company has a market capitalization of $105.86 billion, a PE ratio of 21.72 and a beta of 1.15. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. UBS Group AG has a one year low of $25.75 and a one year high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $10.19 billion. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. As a group, research analysts forecast that UBS Group AG will post 1.9 EPS 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.