Park Avenue Securities LLC Has $1.77 Million Stake in UBS Group AG (NYSE:UBS)

Park Avenue Securities LLC boosted its position in UBS Group AG (NYSE:UBS - Free Report) by 55.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,927 shares of the bank's stock after acquiring an additional 20,722 shares during the period. Park Avenue Securities LLC's holdings in UBS Group were worth $1,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBS. Rakuten Securities Inc. bought a new stake in UBS Group in the fourth quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in shares of UBS Group during the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of UBS Group in the 4th quarter valued at about $41,000. Continuum Advisory LLC boosted its stake in UBS Group by 31.1% during the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock worth $61,000 after acquiring an additional 477 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in UBS Group by 27.6% during the fourth quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank's stock valued at $68,000 after purchasing an additional 482 shares during the period.

UBS Group Price Performance

UBS Group stock traded down $0.12 during trading hours on Thursday, reaching $32.59. 626,798 shares of the stock were exchanged, compared to its average volume of 2,416,611. The stock has a 50 day moving average of $30.64 and a two-hundred day moving average of $31.91. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $35.84. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The company has a market cap of $104.50 billion, a P/E ratio of 21.44 and a beta of 1.16.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. Equities analysts expect that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. DZ Bank raised UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research report on Tuesday, May 27th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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.