TrueMark Investments LLC Has $2.56 Million Stake in UBS Group AG $UBS

Key Points

• TrueMark Investments LLC increased its stake in UBS Group AG by 18.3% in the second quarter, now holding 75,686 shares valued at approximately $2.56 million.
• Multiple institutional investors have also recently modified their positions in UBS, with new stakes valued at amounts ranging from $28,000 to $65,000.
• Analysts have mixed ratings on UBS stock, with the current average rating of "Moderate Buy", as two analysts rated it a Strong Buy, while others issued Hold and Sell ratings.

TrueMark Investments LLC boosted its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,686 shares of the bank's stock after acquiring an additional 11,730 shares during the quarter. TrueMark Investments LLC's holdings in UBS Group were worth $2,560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBS. Maseco LLP bought a new stake in UBS Group during the second quarter worth $28,000. Quarry LP bought a new stake in UBS Group during the first quarter worth $37,000. Berbice Capital Management LLC raised its position in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock worth $40,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. raised its position in UBS Group by 62.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank's stock worth $46,000 after acquiring an additional 573 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in UBS Group during the second quarter worth $65,000.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UBS shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research report on Thursday, August 14th. Morgan Stanley reissued an "underweight" rating on shares of UBS Group in a research report on Monday, October 6th. Zacks Research raised shares of UBS Group to a "strong-buy" rating in a research report on Friday, August 8th. Weiss Ratings reissued a "buy (b)" rating on shares of UBS Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of UBS Group from a "hold" rating to a "sell" rating in a research report on Sunday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

UBS Group Trading Down 0.9%

UBS stock opened at $38.53 on Friday. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The company's 50-day simple moving average is $40.41 and its 200 day simple moving average is $35.31. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56. The company has a market capitalization of $123.53 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18.

UBS Group (NYSE:UBS - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The business had revenue of $11.55 billion for the quarter, compared to the consensus estimate of $9.77 billion. During the same period in the prior year, the company posted $0.34 earnings per share. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

About UBS Group

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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