Concurrent Investment Advisors LLC acquired a new position in UBS Group AG (NYSE:UBS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,149 shares of the bank's stock, valued at approximately $280,000.
Other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its holdings in UBS Group by 42.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,989 shares of the bank's stock worth $91,000 after purchasing an additional 887 shares during the period. Blair William & Co. IL lifted its holdings in UBS Group by 11.5% in the fourth quarter. Blair William & Co. IL now owns 7,976 shares of the bank's stock worth $242,000 after purchasing an additional 823 shares during the period. Farther Finance Advisors LLC lifted its holdings in UBS Group by 27.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock valued at $68,000 after acquiring an additional 482 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of UBS Group during the 4th quarter valued at about $396,000. Finally, Thrivent Financial for Lutherans grew its stake in shares of UBS Group by 3.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 16,302 shares of the bank's stock worth $531,000 after purchasing an additional 527 shares during the last quarter.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Wedbush reissued a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Citigroup reissued a "neutral" rating on shares of UBS Group in a research note on Wednesday, June 11th. Finally, Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, UBS Group presently has a consensus rating of "Hold".
Check Out Our Latest Analysis on UBS
UBS Group Price Performance
Shares of UBS opened at $35.72 on Friday. The company has a market capitalization of $114.53 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 0.94 and a beta of 1.15. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $36.24. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04. The business's 50-day moving average is $32.66 and its 200-day moving average is $32.16.
UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. Equities research analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.
About UBS Group
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding UBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UBS Group AG (NYSE:UBS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider UBS Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UBS Group wasn't on the list.
While UBS Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
