Parkwood LLC Takes Position in UBS Group AG (NYSE:UBS)

Parkwood LLC purchased a new position in UBS Group AG (NYSE:UBS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 199,507 shares of the bank's stock, valued at approximately $6,098,000.

Several other institutional investors also recently added to or reduced their stakes in UBS. Patient Capital Management LLC increased its holdings in UBS Group by 1.0% in the 4th quarter. Patient Capital Management LLC now owns 2,042,420 shares of the bank's stock worth $61,926,000 after acquiring an additional 20,401 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of UBS Group by 7.4% in the fourth quarter. Nuveen Asset Management LLC now owns 11,891,970 shares of the bank's stock valued at $363,262,000 after purchasing an additional 816,082 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of UBS Group by 62.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,810 shares of the bank's stock valued at $117,000 after buying an additional 1,463 shares in the last quarter. Logan Capital Management Inc. boosted its holdings in shares of UBS Group by 1.7% in the fourth quarter. Logan Capital Management Inc. now owns 89,505 shares of the bank's stock worth $2,714,000 after acquiring an additional 1,480 shares during the period. Finally, Governors Lane LP bought a new position in UBS Group in the 4th quarter worth about $27,223,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UBS shares. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a "hold" rating to a "buy" rating in a report on Monday, February 10th. DZ Bank upgraded UBS Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Bank of America lowered shares of UBS Group from a "neutral" rating to an "underperform" rating in a report on Thursday, March 27th. StockNews.com lowered UBS Group from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley lowered shares of UBS Group from an "overweight" rating to an "equal weight" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, UBS Group has an average rating of "Moderate Buy".

UBS Group Stock Performance

Shares of UBS stock opened at $32.52 on Wednesday. The company has a market cap of $104.27 billion, a PE ratio of 21.39 and a beta of 1.15. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $35.84. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. The business's fifty day simple moving average is $30.39 and its 200-day simple moving average is $31.83.

UBS Group (NYSE:UBS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. The business had revenue of $11.90 billion for the quarter, compared to analysts' expectations of $10.19 billion. Analysts expect that UBS Group AG will post 1.9 earnings per share for the current fiscal 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.

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