Summit Trail Advisors LLC Makes New Investment in UBS Group AG (NYSE:UBS)

Summit Trail Advisors LLC bought a new position in shares of UBS Group AG (NYSE:UBS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,420 shares of the bank's stock, valued at approximately $227,000.

A number of other hedge funds have also modified their holdings of UBS. Norges Bank acquired a new position in UBS Group during the fourth quarter worth $5,594,066,000. Vanguard Group Inc. boosted its position in shares of UBS Group by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 127,886,868 shares of the bank's stock valued at $3,915,512,000 after acquiring an additional 1,296,428 shares during the last quarter. FMR LLC boosted its position in shares of UBS Group by 29.4% during the 4th quarter. FMR LLC now owns 55,533,620 shares of the bank's stock valued at $1,695,087,000 after acquiring an additional 12,609,616 shares during the last quarter. Pictet Asset Management Holding SA increased its position in UBS Group by 18.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 34,979,795 shares of the bank's stock worth $1,070,335,000 after purchasing an additional 5,555,624 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in UBS Group by 162.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 28,307,335 shares of the bank's stock worth $858,359,000 after purchasing an additional 17,525,749 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UBS shares. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a report on Thursday, April 17th. Citigroup restated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a report on Monday, May 12th. DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Finally, Jefferies Financial Group raised shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

UBS Group Trading Up 0.3%

UBS Group stock traded up $0.11 during midday trading on Friday, reaching $34.88. 2,181,041 shares of the stock traded hands, compared to its average volume of 2,442,552. The firm has a market cap of $111.84 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 0.91 and a beta of 1.15. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 3.72. The company has a 50-day simple moving average of $32.06 and a two-hundred day simple moving average of $31.95. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $35.84.

UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $10.19 billion. Research analysts expect 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.