Envestnet Asset Management Inc. Increases Position in UBS Group AG (NYSE:UBS)

Envestnet Asset Management Inc. lifted its position in shares of UBS Group AG (NYSE:UBS - Free Report) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,716,424 shares of the bank's stock after purchasing an additional 37,391 shares during the period. Envestnet Asset Management Inc. owned 0.05% of UBS Group worth $52,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its position in UBS Group by 0.5% in the fourth quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after purchasing an additional 320 shares during the last quarter. HighPoint Advisor Group LLC boosted its stake in shares of UBS Group by 4.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 7,633 shares of the bank's stock valued at $253,000 after purchasing an additional 349 shares in the last quarter. Keel Point LLC boosted its stake in shares of UBS Group by 4.4% during the fourth quarter. Keel Point LLC now owns 9,227 shares of the bank's stock valued at $280,000 after purchasing an additional 389 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in shares of UBS Group by 2.7% during the fourth quarter. Gallacher Capital Management LLC now owns 16,033 shares of the bank's stock valued at $486,000 after purchasing an additional 416 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of UBS Group by 19.0% during the first quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank's stock valued at $81,000 after purchasing an additional 423 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research 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 reaffirmed a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Keefe, Bruyette & Woods raised UBS Group from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 17th. Royal Bank Of Canada reiterated an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Finally, Citigroup reiterated a "neutral" rating on shares of UBS Group in a report on Wednesday, June 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, UBS Group presently has an average rating of "Hold".

UBS Group Stock Down 0.6%

Shares of NYSE UBS traded down $0.22 during midday trading on Monday, hitting $35.48. 188,002 shares of the stock traded hands, compared to its average volume of 2,468,675. The company has a market cap of $113.75 billion, a PE ratio of 23.53, a P/E/G ratio of 0.93 and a beta of 1.15. UBS Group AG has a one year low of $25.75 and a one year high of $36.24. The business has a 50 day moving average price of $32.66 and a two-hundred day moving average price of $32.18. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.04 and a current ratio of 1.04.

UBS Group (NYSE:UBS - Get Free Report) last released 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. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. On average, equities analysts predict that UBS Group AG will post 1.9 EPS for the current 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.