Crossmark Global Holdings Inc. Buys 69,592 Shares of UBS Group AG (NYSE:UBS)

Crossmark Global Holdings Inc. raised its holdings in UBS Group AG (NYSE:UBS - Free Report) by 37.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 255,672 shares of the bank's stock after acquiring an additional 69,592 shares during the period. Crossmark Global Holdings Inc.'s holdings in UBS Group were worth $7,903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new stake in UBS Group during the 2nd quarter valued at approximately $41,000. RFP Financial Group LLC grew its position in shares of UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank's stock worth $44,000 after buying an additional 526 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank's stock worth $49,000 after buying an additional 1,416 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of UBS Group during the 2nd quarter worth approximately $50,000. Finally, Opal Wealth Advisors LLC grew its position in shares of UBS Group by 56.0% during the 2nd quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank's stock worth $63,000 after buying an additional 763 shares during the period.

UBS Group Trading Up 1.0 %

UBS stock traded up $0.31 during midday trading on Monday, hitting $32.65. The company had a trading volume of 1,512,449 shares, compared to its average volume of 2,166,277. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a 52 week low of $24.07 and a 52 week high of $33.34. The stock's 50 day moving average price is $31.01 and its 200 day moving average price is $30.39. The stock has a market cap of $104.69 billion, a price-to-earnings ratio of 27.25 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The company had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $11.20 billion. During the same period in the prior year, the firm earned ($0.24) earnings per share. As a group, equities research analysts expect that UBS Group AG will post 1.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com upgraded UBS Group from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Bank of America initiated coverage on UBS Group in a research report on Thursday, September 19th. They set a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

UBS Group 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.