Neuberger Berman Group LLC Acquires 23,627 Shares of UBS Group AG $UBS

Neuberger Berman Group LLC lifted its holdings in shares of UBS Group AG (NYSE:UBS) by 14.9% in the 2nd quarter, Holdings Channel reports. The firm owned 181,910 shares of the bank’s stock after acquiring an additional 23,627 shares during the period. Neuberger Berman Group LLC’s holdings in UBS Group were worth $6,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new position in UBS Group in the 2nd quarter worth approximately $898,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of UBS Group by 31.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,904,401 shares of the bank’s stock worth $98,102,000 after acquiring an additional 689,740 shares during the last quarter. Corient Private Wealth LLC grew its position in UBS Group by 149.2% in the second quarter. Corient Private Wealth LLC now owns 184,012 shares of the bank’s stock worth $6,223,000 after acquiring an additional 110,160 shares in the last quarter. State of Tennessee Department of Treasury increased its stake in UBS Group by 2.3% in the second quarter. State of Tennessee Department of Treasury now owns 1,906,828 shares of the bank’s stock valued at $64,320,000 after acquiring an additional 43,742 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in UBS Group by 0.7% during the second quarter. Captrust Financial Advisors now owns 2,137,497 shares of the bank’s stock valued at $72,290,000 after purchasing an additional 14,256 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Zacks Research downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Finally, BNP Paribas lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

UBS Group Stock Up 1.2%

Shares of NYSE UBS opened at $43.21 on Monday. The firm’s fifty day moving average is $39.00 and its 200 day moving average is $37.85. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $43.76. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.69. The company has a market cap of $138.55 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 0.70 and a beta of 1.13.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. The business had revenue of $12.76 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter last year, the firm earned $0.43 EPS. The company’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

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.