Wilmington Savings Fund Society FSB bought a new position in shares of UBS Group AG (NYSE:UBS – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,805 shares of the bank’s stock, valued at approximately $365,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sanctuary Advisors LLC grew its stake in shares of UBS Group by 30.5% during the third quarter. Sanctuary Advisors LLC now owns 34,515 shares of the bank’s stock worth $1,098,000 after purchasing an additional 8,069 shares during the period. TD Private Client Wealth LLC grew its position in shares of UBS Group by 3.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 12,813 shares of the bank’s stock worth $396,000 after buying an additional 394 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of UBS Group by 8.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 24,863 shares of the bank’s stock valued at $769,000 after acquiring an additional 1,980 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of UBS Group by 41.6% in the 3rd quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after acquiring an additional 450 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of UBS Group in the 3rd quarter valued at approximately $69,440,000.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America began coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, UBS Group currently has a consensus rating of “Moderate Buy”.
UBS Group Price Performance
Shares of UBS opened at $31.83 on Tuesday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $102.04 billion, a PE ratio of 26.52 and a beta of 1.14. The stock has a 50 day simple moving average of $32.02 and a 200 day simple moving average of $30.90. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $33.34.
UBS Group (NYSE:UBS – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.15. The company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same quarter in the prior year, the company earned ($0.24) earnings per share. Sell-side analysts predict that UBS Group AG will post 1.73 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.
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