Pinnacle Associates Ltd. Grows Position in UBS Group AG (NYSE:UBS)

Key Points

• Pinnacle Associates Ltd. increased its stake in UBS Group AG by 120.4% during the first quarter, owning 21,433 shares valued at approximately $656,000.
• Several institutional investors have also raised their positions in UBS Group, with notable increases including a 6,521.7% boost by Brown Brothers Harriman & Co.
• Analysts have mixed opinions on UBS Group, with ratings ranging from sell to strong buy, and an average rating classified as "Moderate Buy."

Pinnacle Associates Ltd. lifted its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 120.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,433 shares of the bank's stock after purchasing an additional 11,710 shares during the quarter. Pinnacle Associates Ltd.'s holdings in UBS Group were worth $656,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in UBS Group by 3.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 16,302 shares of the bank's stock valued at $531,000 after buying an additional 527 shares during the period. Sei Investments Co. boosted its stake in shares of UBS Group by 2.7% during the 4th quarter. Sei Investments Co. now owns 197,201 shares of the bank's stock worth $5,979,000 after acquiring an additional 5,217 shares in the last quarter. LPL Financial LLC grew its position in shares of UBS Group by 20.4% during the 4th quarter. LPL Financial LLC now owns 195,629 shares of the bank's stock valued at $5,931,000 after acquiring an additional 33,126 shares during the period. Blair William & Co. IL increased its stake in shares of UBS Group by 11.5% in the 4th quarter. Blair William & Co. IL now owns 7,976 shares of the bank's stock valued at $242,000 after purchasing an additional 823 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in UBS Group by 6,521.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 15,230 shares of the bank's stock worth $462,000 after purchasing an additional 15,000 shares during the period.

Analyst Ratings Changes

Several analysts have commented on the company. Jefferies Financial Group raised UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Morgan Stanley cut 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 reaffirmed an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods raised shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

UBS Group Trading Up 0.5%

Shares of UBS stock opened at $38.41 on Monday. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $38.42. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04. The stock's fifty day moving average is $33.63 and its two-hundred day moving average is $32.56. The firm has a market capitalization of $123.15 billion, a P/E ratio of 25.43, a PEG ratio of 0.69 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The business had revenue of $11.90 billion during the quarter, compared to analysts' expectations of $10.19 billion. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. Research analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

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.

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