Plimoth Trust Co. LLC Purchases New Holdings in UBS Group AG $UBS

Plimoth Trust Co. LLC bought a new stake in UBS Group AG (NYSE:UBS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,131 shares of the bank’s stock, valued at approximately $536,000.

A number of other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in UBS Group in the 1st quarter valued at about $25,000. Coppell Advisory Solutions LLC bought a new position in UBS Group during the second quarter worth about $25,000. Robinswood Financial LLC bought a new position in UBS Group during the first quarter worth about $31,000. First Bancorp Inc ME purchased a new position in shares of UBS Group in the second quarter worth about $32,000. Finally, West Financial Advisors LLC purchased a new position in shares of UBS Group in the third quarter worth about $39,000.

Analysts Set New Price Targets

UBS has been the topic of several research reports. DZ Bank reissued a “buy” rating on shares of UBS Group in a research report on Thursday, July 30th. Royal Bank Of Canada restated a “buy” rating on shares of UBS Group in a research note on Monday, September 28th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a report on Wednesday, September 23rd. Wall Street Zen lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.30.

UBS Group Stock Performance

NYSE:UBS opened at $46.46 on Tuesday. UBS Group AG has a 52-week low of $36.29 and a 52-week high of $55.99. The firm has a market cap of $145.13 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 0.70 and a beta of 1.21. The business’s fifty day moving average is $50.84 and its 200 day moving average is $47.12.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, July 29th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.03). UBS Group had a return on equity of 10.50% and a net margin of 13.10%. The company had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.40 billion. During the same period last year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts predict that UBS Group AG will post 3.59 EPS for the current fiscal year.

UBS Group Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.