NBC Securities Inc. Raises Position in UBS Group AG (NYSE:UBS)

NBC Securities Inc. raised its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 98,052.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,686 shares of the bank's stock after purchasing an additional 16,669 shares during the period. NBC Securities Inc.'s holdings in UBS Group were worth $511,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC purchased a new stake in UBS Group during the fourth quarter valued at about $218,000. Jones Financial Companies Lllp raised its position in UBS Group by 142.4% during the fourth quarter. Jones Financial Companies Lllp now owns 22,023 shares of the bank's stock valued at $668,000 after purchasing an additional 12,939 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in UBS Group by 13.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 42,753 shares of the bank's stock valued at $1,307,000 after purchasing an additional 4,912 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in UBS Group by 42.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,989 shares of the bank's stock valued at $91,000 after purchasing an additional 887 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of UBS Group by 11.5% during the fourth quarter. Blair William & Co. IL now owns 7,976 shares of the bank's stock valued at $242,000 after buying an additional 823 shares during the last quarter.

UBS Group Trading Up 2.3%

Shares of NYSE UBS traded up $0.76 during trading hours on Friday, hitting $33.61. The company's stock had a trading volume of 7,079,179 shares, compared to its average volume of 2,405,000. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market cap of $107.77 billion, a price-to-earnings ratio of 22.11 and a beta of 1.16. UBS Group AG has a 12 month low of $25.75 and a 12 month high of $35.84. The business has a 50-day simple moving average of $30.39 and a 200-day simple moving average of $31.89.

UBS Group (NYSE:UBS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The company had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. On average, analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UBS. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research note on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, Morgan Stanley cut UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. One investment analyst has 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 stock presently has an average rating of "Moderate Buy".

UBS Group Company 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.