Venturi Wealth Management LLC Purchases 1,859 Shares of UBS Group AG $UBS

Venturi Wealth Management LLC raised its stake in shares of UBS Group AG (NYSE:UBS) by 23.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,947 shares of the bank’s stock after purchasing an additional 1,859 shares during the quarter. Venturi Wealth Management LLC’s holdings in UBS Group were worth $336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dorsey & Whitney Trust CO LLC increased its holdings in shares of UBS Group by 1.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock worth $640,000 after purchasing an additional 358 shares during the period. First National Bank of Hutchinson increased its holdings in shares of UBS Group by 3.1% during the 1st quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank’s stock worth $379,000 after purchasing an additional 367 shares during the period. Allianz SE increased its holdings in shares of UBS Group by 3.2% during the 1st quarter. Allianz SE now owns 12,312 shares of the bank’s stock worth $374,000 after purchasing an additional 380 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of UBS Group by 0.3% during the 1st quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank’s stock worth $4,453,000 after purchasing an additional 386 shares during the period. Finally, Impact Capital Partners LLC increased its holdings in shares of UBS Group by 4.1% during the 2nd quarter. Impact Capital Partners LLC now owns 9,994 shares of the bank’s stock worth $338,000 after purchasing an additional 394 shares during the period.

UBS Group Price Performance

Shares of UBS stock opened at $39.72 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The firm has a market capitalization of $127.37 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.65 and a beta of 1.18. The firm’s 50 day moving average is $40.30 and its 200-day moving average is $35.01. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, July 30th. The bank reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. UBS Group had a net margin of 9.21% and a return on equity of 7.17%. The firm had revenue of $11.55 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same quarter in the previous year, the business earned $0.34 EPS. Sell-side analysts forecast that UBS Group AG will post 1.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UBS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Wednesday. Wall Street Zen cut shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research note on Monday. Finally, Zacks Research raised shares of UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average 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.