Arkadios Wealth Advisors Acquires Shares of 9,936 UBS Group AG (NYSE:UBS)

Arkadios Wealth Advisors purchased a new position in shares of UBS Group AG (NYSE:UBS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,936 shares of the bank's stock, valued at approximately $304,000.

Several other hedge funds also recently modified their holdings of the business. Integrated Wealth Concepts LLC raised its stake in UBS Group by 0.5% during the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after purchasing an additional 320 shares during the last quarter. First National Bank of Hutchinson increased its holdings in shares of UBS Group by 3.1% during the 1st quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank's stock worth $379,000 after purchasing an additional 367 shares during the period. Keel Point LLC raised its position in shares of UBS Group by 4.4% during the fourth quarter. Keel Point LLC now owns 9,227 shares of the bank's stock valued at $280,000 after buying an additional 389 shares during the last quarter. Berbice Capital Management LLC lifted its stake in shares of UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after buying an additional 400 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of UBS Group by 19.0% in the first quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank's stock valued at $81,000 after buying an additional 423 shares during the period.

Analysts Set New Price Targets

UBS has been the subject of several recent research reports. Wall Street Zen cut UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Wedbush reissued a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. Finally, Morgan Stanley downgraded shares of UBS Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, June 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold".

UBS Group Price Performance

UBS stock traded up $0.60 during trading on Friday, hitting $39.54. The company had a trading volume of 1,744,669 shares, compared to its average volume of 3,180,724. The company has a fifty day moving average price of $34.64 and a two-hundred day moving average price of $32.86. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $39.71. The company has a market cap of $126.78 billion, a P/E ratio of 20.92, a P/E/G ratio of 0.67 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. UBS Group had a return on equity of 7.17% and a net margin of 9.21%. The company had revenue of $11.55 billion during the quarter, compared to analysts' expectations of $9.77 billion. During the same period last year, the business earned $0.34 earnings per share. Equities research analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

About UBS Group

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.