Plato Investment Management Ltd Invests $3.19 Million in UBS Group AG (NYSE:UBS)

Plato Investment Management Ltd acquired a new position in shares of UBS Group AG (NYSE:UBS - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 103,270 shares of the bank's stock, valued at approximately $3,188,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBS. Nisa Investment Advisors LLC purchased a new stake in UBS Group in the second quarter valued at approximately $41,000. RFP Financial Group LLC increased its stake in shares of UBS Group by 58.3% in the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank's stock worth $44,000 after acquiring an additional 526 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank's stock worth $49,000 after purchasing an additional 1,416 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in UBS Group during the second quarter valued at $50,000. Finally, Opal Wealth Advisors LLC boosted its holdings in UBS Group by 56.0% in the second quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank's stock valued at $63,000 after purchasing an additional 763 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UBS shares. StockNews.com raised 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 issued a "neutral" rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

UBS Group Price Performance

Shares of UBS stock traded up $0.06 during mid-day trading on Thursday, hitting $31.69. 1,241,583 shares of the stock were exchanged, compared to its average volume of 2,155,490. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a 52-week low of $25.24 and a 52-week high of $33.34. The firm has a fifty day moving average of $31.14 and a 200 day moving average of $30.47. The company has a market cap of $101.60 billion, a PE ratio of 26.48 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 (EPS) for the quarter, topping 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 company had revenue of $19.31 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the prior year, the business posted ($0.24) earnings per share. Research analysts anticipate that UBS Group AG will post 1.73 earnings per share for the current year.

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.