Summit Global Investments Invests $1.97 Million in UBS Group AG (NYSE:UBS)

Summit Global Investments purchased a new stake in shares of UBS Group AG (NYSE:UBS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,247 shares of the bank's stock, valued at approximately $1,968,000.

Several other hedge funds have also modified their holdings of UBS. Rakuten Securities Inc. acquired a new position in shares of UBS Group during the fourth quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in shares of UBS Group during the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of UBS Group during the fourth quarter valued at about $41,000. Continuum Advisory LLC increased its holdings in shares of UBS Group by 31.1% during the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after acquiring an additional 477 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of 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 acquiring an additional 482 shares in the last quarter.

Wall Street Analysts Forecast Growth

UBS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of UBS Group in a report on Monday, May 12th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Bank of America downgraded shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Wedbush restated a "neutral" rating on shares of UBS Group in a report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

UBS Group Stock Performance

NYSE:UBS traded up $0.26 during midday trading on Friday, hitting $31.90. The company's stock had a trading volume of 3,932,114 shares, compared to its average volume of 2,356,179. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $35.84. The firm's 50 day moving average is $30.25 and its 200-day moving average is $31.86. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market cap of $102.28 billion, a P/E ratio of 20.99 and a beta of 1.15.

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