Ethic Inc. Boosts Position in UBS Group AG (NYSE:UBS)

Ethic Inc. lifted its holdings in shares of UBS Group AG (NYSE:UBS) by 17.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,711 shares of the bank’s stock after acquiring an additional 4,025 shares during the quarter. Ethic Inc.’s holdings in UBS Group were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new position in UBS Group during the 4th quarter valued at $27,000. Rakuten Securities Inc. purchased a new stake in shares of UBS Group in the 4th quarter worth about $30,000. Headlands Technologies LLC bought a new stake in shares of UBS Group during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of UBS Group during the fourth quarter valued at about $41,000. Finally, Farther Finance Advisors LLC raised its stake in UBS Group by 27.6% in the fourth quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank’s stock worth $68,000 after buying an additional 482 shares in the last quarter.

UBS Group Stock Performance

Shares of UBS opened at $32.76 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 3.76. The stock has a market cap of $105.04 billion, a P/E ratio of 21.55 and a beta of 1.15. The business’s 50 day moving average price is $30.36 and its 200-day moving average price is $31.83. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $10.19 billion. Equities research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America cut UBS Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, March 27th. DZ Bank upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 6th. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Morgan Stanley cut shares of UBS Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods upgraded shares of UBS Group from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.