Strategic Global Advisors LLC Purchases New Shares in UBS Group AG (NYSE:UBS)

Strategic Global Advisors LLC purchased a new stake in UBS Group AG (NYSE:UBS) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,395 shares of the bank’s stock, valued at approximately $436,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC bought a new stake in UBS Group during the 4th quarter worth about $218,000. M.E. Allison & CO. Inc. bought a new stake in UBS Group during the 4th quarter worth about $354,000. Jones Financial Companies Lllp raised its holdings in UBS Group by 142.4% during the 4th quarter. Jones Financial Companies Lllp now owns 22,023 shares of the bank’s stock worth $668,000 after purchasing an additional 12,939 shares during the last quarter. Park Avenue Securities LLC raised its holdings in UBS Group by 21.7% during the 4th quarter. Park Avenue Securities LLC now owns 37,205 shares of the bank’s stock worth $1,128,000 after purchasing an additional 6,638 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in UBS Group by 13.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 42,753 shares of the bank’s stock worth $1,307,000 after purchasing an additional 4,912 shares during the last quarter.

UBS Group Price Performance

Shares of UBS opened at $33.02 on Monday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a 50 day simple moving average of $30.42 and a 200 day simple moving average of $31.85. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $35.84. The firm has a market capitalization of $105.86 billion, a PE ratio of 21.72 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $10.19 billion. Sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UBS shares. Morgan Stanley lowered UBS Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, February 20th. Keefe, Bruyette & Woods upgraded UBS Group from a “moderate sell” rating to a “hold” rating in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Monday, May 12th. Bank of America lowered UBS Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 27th. Finally, StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. One equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.