International Assets Investment Management LLC Makes New Investment in UBS Group AG (NYSE:UBS)

International Assets Investment Management LLC bought a new position in UBS Group AG (NYSE:UBS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 98,850 shares of the bank's stock, valued at approximately $3,198,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust grew its holdings in UBS Group by 0.9% in the 3rd quarter. Greenleaf Trust now owns 48,471 shares of the bank's stock worth $1,498,000 after acquiring an additional 451 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of UBS Group by 17.2% during the third quarter. Bank Pictet & Cie Europe AG now owns 10,209 shares of the bank's stock valued at $315,000 after buying an additional 1,500 shares during the period. Private Advisor Group LLC raised its holdings in shares of UBS Group by 2.4% during the third quarter. Private Advisor Group LLC now owns 34,962 shares of the bank's stock valued at $1,081,000 after acquiring an additional 817 shares in the last quarter. FSC Wealth Advisors LLC purchased a new stake in UBS Group in the third quarter worth $71,000. Finally, Signaturefd LLC boosted its holdings in UBS Group by 2.6% in the third quarter. Signaturefd LLC now owns 74,547 shares of the bank's stock valued at $2,304,000 after acquiring an additional 1,911 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UBS. StockNews.com upgraded shares of UBS Group from a "hold" rating to a "buy" rating in a research report on Friday. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They issued a "neutral" rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, UBS Group has a consensus rating of "Moderate Buy".

UBS Group Stock Up 1.4 %

Shares of UBS stock traded up $0.43 during trading hours on Friday, hitting $31.11. 1,365,050 shares of the company's stock traded hands, compared to its average volume of 1,253,415. The company has a quick ratio of 1.06, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock's fifty day simple moving average is $30.88 and its two-hundred day simple moving average is $30.24. UBS Group AG has a 12-month low of $24.07 and a 12-month high of $32.90. The stock has a market cap of $99.75 billion, a price-to-earnings ratio of 25.93 and a beta of 1.15.

UBS Group (NYSE:UBS - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion during the quarter, compared to analysts' expectations of $11.20 billion. During the same quarter in the previous year, the business earned ($0.24) earnings per share. On average, analysts expect that UBS Group AG will post 1.45 EPS for the current year.

UBS Group Company 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.