Virtu Financial LLC Invests $245,000 in UBS Group AG $UBS

Key Points

• Virtu Financial LLC has acquired a new stake in UBS Group AG, purchasing 8,011 shares valued at approximately $245,000 in the first quarter.
• Multiple hedge funds have increased or modified their holdings in UBS, with notable purchases including Geode Capital Management and Marshall Wace LLP.
• UBS Group recently reported earnings that beat estimates, with an EPS of $0.72 and revenue of $11.55 billion, significantly above analyst expectations.

Virtu Financial LLC bought a new position in UBS Group AG (NYSE:UBS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,011 shares of the bank's stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UBS. City Holding Co. bought a new position in shares of UBS Group in the first quarter worth about $25,000. Grove Bank & Trust acquired a new position in shares of UBS Group in the first quarter valued at approximately $28,000. Berbice Capital Management LLC increased its stake in shares of UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank's stock valued at $40,000 after buying an additional 400 shares during the period. Rakuten Securities Inc. increased its stake in shares of UBS Group by 45.9% in the first quarter. Rakuten Securities Inc. now owns 1,466 shares of the bank's stock valued at $45,000 after buying an additional 461 shares during the period. Finally, Continuum Advisory LLC increased its stake 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 buying an additional 477 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wedbush reaffirmed a "neutral" rating on shares of UBS Group in a research note on Tuesday, May 27th. Morgan Stanley downgraded UBS Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, June 18th. Wall Street Zen downgraded UBS Group from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of UBS Group in a research note on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of UBS Group in a research note on Thursday, August 14th. Two research 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 given a Sell rating to the company's stock. According to MarketBeat, UBS Group presently has an average rating of "Moderate Buy".

UBS Group Trading Down 0.7%

NYSE:UBS traded down $0.2750 on Thursday, reaching $39.4650. 1,621,991 shares of the stock traded hands, compared to its average volume of 2,057,850. The firm has a market capitalization of $126.54 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The company's 50 day moving average is $36.01 and its 200-day moving average is $33.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $40.21.

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