Vident Advisory LLC Buys 11,384 Shares of UBS Group AG $UBS

Key Points

• Vident Advisory LLC increased its stake in UBS Group AG by 10.1% in the first quarter, acquiring an additional 11,384 shares, bringing its total holdings to 124,393 shares valued at approximately $3.8 million.
• UBS Group AG's recent earnings report showed an EPS of $0.72, exceeding analysts' expectations, with revenues reaching $11.55 billion against an estimate of $9.77 billion.
• Several firms upgraded UBS' stock ratings in recent months, with a consensus rating of "Moderate Buy" reflecting growing confidence among analysts in the company's prospects.

Vident Advisory LLC lifted its stake in UBS Group AG (NYSE:UBS - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,393 shares of the bank's stock after acquiring an additional 11,384 shares during the period. Vident Advisory LLC's holdings in UBS Group were worth $3,798,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. City Holding Co. acquired a new position in UBS Group during the 1st quarter valued at about $25,000. Grove Bank & Trust acquired a new position in shares of UBS Group during the first quarter valued at approximately $28,000. Berbice Capital Management LLC raised its holdings in shares of UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after acquiring an additional 400 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of UBS Group by 45.9% during the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after acquiring an additional 461 shares during the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of UBS Group by 31.1% in the fourth quarter. Continuum Advisory LLC now owns 2,009 shares of the bank's stock valued at $61,000 after purchasing an additional 477 shares during the last quarter.

UBS Group Price Performance

UBS stock opened at $40.51 on Friday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $40.71. 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 stock's 50 day moving average price is $37.11 and its 200 day moving average price is $33.46. The firm has a market cap of $129.88 billion, a P/E ratio of 21.43, a PEG ratio of 0.71 and a beta of 1.18.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UBS shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a report on Wednesday, May 21st. Wall Street Zen upgraded UBS Group from a "sell" rating to a "hold" rating in a research report on Saturday. Jefferies Financial Group upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Tuesday, June 3rd. Bank of America upgraded UBS Group from an "underperform" rating to a "neutral" rating in a report on Tuesday, July 22nd. Finally, Zacks Research upgraded UBS Group to a "strong-buy" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, UBS Group currently has a consensus rating of "Moderate Buy".

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.

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