Fortis Capital Advisors LLC Takes Position in UBS Group AG $UBS

Key Points

• Fortis Capital Advisors LLC acquired a new stake in UBS Group AG, purchasing 20,850 shares valued at approximately $639,000 in the first quarter.
• Multiple institutional investors have increased their stakes in UBS, with Ascent Group LLC reporting a significant 43.5% increase, indicating continued interest in the company.
• UBS Group AG's stock has been rated a "Moderate Buy" by analysts, with varying opinions from different research firms, highlighting a mix of optimism and caution among financial experts.

Fortis Capital Advisors LLC bought a new stake in UBS Group AG (NYSE:UBS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,850 shares of the bank's stock, valued at approximately $639,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth boosted its stake in shares of UBS Group by 11.6% in the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank's stock valued at $432,000 after purchasing an additional 1,469 shares during the last quarter. Alaethes Wealth LLC lifted its stake in shares of UBS Group by 1.5% in the first quarter. Alaethes Wealth LLC now owns 72,821 shares of the bank's stock valued at $2,231,000 after buying an additional 1,078 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of UBS Group by 1.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,893,429 shares of the bank's stock valued at $2,293,986,000 after buying an additional 1,363,149 shares in the last quarter. Ascent Group LLC lifted its stake in shares of UBS Group by 43.5% in the first quarter. Ascent Group LLC now owns 15,233 shares of the bank's stock valued at $467,000 after buying an additional 4,620 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in shares of UBS Group by 6.2% in the first quarter. Great Lakes Advisors LLC now owns 74,119 shares of the bank's stock valued at $2,270,000 after buying an additional 4,308 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBS. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Morgan Stanley lowered shares of UBS Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada reissued an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

UBS Group Stock Performance

Shares of UBS stock opened at $40.13 on Thursday. The firm has a market cap of $128.66 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 0.70 and a beta of 1.21. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $40.90. The firm's 50-day simple moving average is $38.26 and its two-hundred day simple moving average is $33.82.

UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $11.55 billion during the quarter, compared to the consensus estimate of $9.77 billion. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. During the same quarter last year, the company earned $0.34 earnings per share. As a group, equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current 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.

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