West Family Investments Inc. Makes New $418,000 Investment in UBS Group AG (NYSE:UBS)

West Family Investments Inc. bought a new stake in shares of UBS Group AG (NYSE:UBS) in the third quarter, HoldingsChannel reports. The institutional investor bought 13,537 shares of the bank’s stock, valued at approximately $418,000.

Several other large investors also recently modified their holdings of the stock. Toronto Dominion Bank lifted its position in UBS Group by 286.3% during the second quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after purchasing an additional 201,809 shares during the period. Legal & General Group Plc boosted its position in shares of UBS Group by 11,313.2% during the 2nd quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after acquiring an additional 41,027,134 shares in the last quarter. Cetera Investment Advisers increased its stake in UBS Group by 206.3% in the first quarter. Cetera Investment Advisers now owns 65,029 shares of the bank’s stock valued at $1,998,000 after acquiring an additional 43,800 shares during the last quarter. AQR Capital Management LLC lifted its stake in UBS Group by 226.8% during the second quarter. AQR Capital Management LLC now owns 27,928 shares of the bank’s stock worth $825,000 after purchasing an additional 19,382 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of UBS Group by 81.4% in the 3rd quarter. Fiera Capital Corp now owns 111,500 shares of the bank’s stock valued at $3,446,000 after purchasing an additional 50,041 shares in the last quarter.

UBS Group Stock Down 0.1 %

Shares of NYSE:UBS opened at $31.85 on Wednesday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a 52-week low of $25.94 and a 52-week high of $33.34. The company has a market capitalization of $102.12 billion, a PE ratio of 26.54 and a beta of 1.15. The company has a fifty day moving average of $31.37 and a 200-day moving average of $30.63.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the prior year, the firm earned ($0.24) EPS. On average, equities analysts predict that UBS Group AG will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on UBS. Bank of America started coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.