UBS Group AG $UBS Shares Purchased by Bank of Montreal Can

Bank of Montreal Can boosted its holdings in UBS Group AG (NYSE:UBS) by 40.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,674,414 shares of the bank’s stock after buying an additional 768,473 shares during the quarter. Bank of Montreal Can’s holdings in UBS Group were worth $90,539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Maseco LLP acquired a new stake in UBS Group during the second quarter worth about $28,000. Quarry LP acquired a new stake in UBS Group during the first quarter worth about $37,000. Berbice Capital Management LLC increased its stake in UBS Group by 44.4% during the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock worth $40,000 after acquiring an additional 400 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in UBS Group by 62.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after acquiring an additional 573 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in UBS Group during the second quarter worth about $65,000.

UBS Group Price Performance

UBS stock opened at $37.86 on Wednesday. The stock has a 50-day simple moving average of $40.03 and a 200-day simple moving average of $36.30. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $121.38 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.28. The company had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $9.68 billion. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The company’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.43 earnings per share. On average, equities analysts predict that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Research upgraded UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, UBS Group presently has an average rating of “Moderate Buy”.

About UBS Group

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.