Value Partners Investments Inc. acquired a new position in shares of UBS Group AG (NYSE:UBS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 260,881 shares of the bank's stock, valued at approximately $8,000,000. UBS Group comprises 0.7% of Value Partners Investments Inc.'s holdings, making the stock its 26th largest position.
A number of other large investors also recently modified their holdings of UBS. Integrated Wealth Concepts LLC grew its stake in UBS Group by 0.5% in the 4th quarter. Integrated Wealth Concepts LLC now owns 65,889 shares of the bank's stock valued at $1,998,000 after buying an additional 320 shares during the last quarter. Independent Advisor Alliance grew its stake in UBS Group by 0.4% in the 4th quarter. Independent Advisor Alliance now owns 85,975 shares of the bank's stock valued at $2,607,000 after buying an additional 339 shares during the last quarter. Lindbrook Capital LLC grew its stake in UBS Group by 3.2% in the 4th quarter. Lindbrook Capital LLC now owns 11,247 shares of the bank's stock valued at $341,000 after buying an additional 345 shares during the last quarter. HighPoint Advisor Group LLC grew its stake in UBS Group by 4.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 7,633 shares of the bank's stock valued at $253,000 after buying an additional 349 shares during the last quarter. Finally, Keel Point LLC grew its stake in UBS Group by 4.4% in the 4th quarter. Keel Point LLC now owns 9,227 shares of the bank's stock valued at $280,000 after buying an additional 389 shares during the last quarter.
Analysts Set New Price Targets
UBS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of UBS Group in a research note on Monday, May 12th. Citigroup restated a "neutral" rating on shares of UBS Group in a research report on Wednesday, June 11th. Royal Bank Of Canada restated an "outperform" rating on shares of UBS Group in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods upgraded shares of UBS Group from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, DZ Bank upgraded shares of UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".
Read Our Latest Analysis on UBS
UBS Group Price Performance
Shares of NYSE UBS traded up $0.37 during trading hours on Friday, hitting $33.44. 2,446,063 shares of the stock were exchanged, compared to its average volume of 2,419,867. 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 company has a market cap of $107.21 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 0.86 and a beta of 1.16. The company's fifty day simple moving average is $31.51 and its two-hundred day simple moving average is $31.88. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84.
UBS Group (NYSE:UBS - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $10.19 billion. UBS Group had a net margin of 7.13% and a return on equity of 5.82%. On average, sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current year.
About UBS Group
(
Free Report)
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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