Baader Bank Aktiengesellschaft Buys 10,840 Shares of UBS Group AG (NYSE:UBS)

Key Points

• Baader Bank Aktiengesellschaft increased its stake in UBS Group AG by 3.1%, acquiring an additional 10,840 shares, bringing its total to 360,840 shares valued at approximately $10.96 million.
• Several institutional investors, including LPL Financial and Brown Brothers Harriman, have also increased their positions in UBS Group during the fourth quarter, reflecting growing confidence in the bank.
• UBS Group reported a quarterly EPS of $0.51, surpassing analysts' expectations, and had revenue of $11.90 billion, indicating strong financial performance.

Baader Bank Aktiengesellschaft grew its holdings in UBS Group AG (NYSE:UBS - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 360,840 shares of the bank's stock after purchasing an additional 10,840 shares during the period. UBS Group makes up about 0.8% of Baader Bank Aktiengesellschaft's holdings, making the stock its 19th biggest position. Baader Bank Aktiengesellschaft's holdings in UBS Group were worth $10,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Monaco Asset Management SAM bought a new stake in shares of UBS Group in the first quarter valued at approximately $1,899,000. Arkadios Wealth Advisors bought a new stake in UBS Group during the 1st quarter worth approximately $304,000. Banque Cantonale Vaudoise bought a new stake in UBS Group during the 1st quarter worth approximately $206,885,000. Fiera Capital Corp increased its holdings in UBS Group by 37.4% during the 1st quarter. Fiera Capital Corp now owns 216,991 shares of the bank's stock worth $6,646,000 after acquiring an additional 59,012 shares during the period. Finally, LPL Financial LLC increased its holdings in UBS Group by 15.7% during the 1st quarter. LPL Financial LLC now owns 226,246 shares of the bank's stock worth $6,930,000 after acquiring an additional 30,617 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UBS. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. DZ Bank raised shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Bank of America raised shares of UBS Group from an "underperform" rating to a "neutral" rating in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of UBS Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Morgan Stanley cut shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

UBS Group Stock Down 1.8%

NYSE:UBS traded down $0.66 on Friday, reaching $36.67. 3,697,642 shares of the stock traded hands, compared to its average volume of 2,006,424. The company has a market capitalization of $117.58 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 0.67 and a beta of 1.18. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 3.77. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $38.42. The company's fifty day simple moving average is $34.05 and its 200 day simple moving average is $32.71.

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