Granite Group Advisors LLC Makes New $218,000 Investment in UBS Group AG $UBS

Key Points

• Granite Group Advisors LLC has made a new investment of approximately $218,000 in shares of UBS Group AG, acquiring 6,437 shares in the 2nd quarter.
• Several large investors have recently adjusted their positions in UBS, with Grove Bank & Trust and Maseco LLP both purchasing new stakes valued around $28,000.
• UBS shares have received a mixed response from analysts, with ratings ranging from Strong Buy to Sell, resulting in a consensus of Moderate Buy according to MarketBeat.com.

Granite Group Advisors LLC acquired a new position in shares of UBS Group AG (NYSE:UBS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,437 shares of the bank's stock, valued at approximately $218,000.

A number of other large investors have also recently made changes to their positions in the stock. Grove Bank & Trust purchased a new position in UBS Group in the 1st quarter worth $28,000. Maseco LLP acquired a new stake in shares of UBS Group during the second quarter worth about $28,000. Quarry LP acquired a new stake in shares of UBS Group during the first quarter worth about $37,000. Berbice Capital Management LLC boosted its position in 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 last quarter. Finally, Rakuten Securities Inc. increased its holdings in UBS Group by 45.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock worth $45,000 after buying an additional 461 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UBS shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Wall Street Zen cut shares of UBS Group from a "hold" rating to a "sell" rating in a report on Sunday, September 28th. Bank of America upgraded shares of UBS Group from an "underperform" rating to a "neutral" rating in a research report on Tuesday, July 22nd. Morgan Stanley reaffirmed an "underweight" rating on shares of UBS Group in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of UBS Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

UBS Group Stock Down 1.0%

UBS opened at $40.00 on Wednesday. The company has a fifty day moving average of $40.41 and a two-hundred day moving average of $35.14. The stock has a market capitalization of $128.25 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 0.66 and a beta of 1.18. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $42.56. 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 (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, July 30th. The bank reported $0.72 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 firm had revenue of $11.55 billion for the quarter, compared to analysts' expectations of $9.77 billion. During the same period last year, the firm earned $0.34 EPS. On average, research analysts expect that UBS Group AG will post 1.9 earnings per share 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.

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