Captrust Financial Advisors cut its stake in UBS Group AG (NYSE:UBS – Free Report) by 1.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,097,527 shares of the bank’s stock after selling 32,653 shares during the quarter. Captrust Financial Advisors’ holdings in UBS Group were worth $97,144,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fred Alger Management LLC purchased a new position in UBS Group in the 4th quarter valued at about $905,000. Blair William & Co. IL lifted its stake in UBS Group by 13.2% in the 4th quarter. Blair William & Co. IL now owns 10,264 shares of the bank’s stock valued at $475,000 after buying an additional 1,198 shares in the last quarter. Magnetar Financial LLC purchased a new position in UBS Group in the 4th quarter valued at about $386,000. Opal Capital LLC purchased a new position in UBS Group in the 4th quarter valued at about $3,809,000. Finally, Alberta Investment Management Corp purchased a new position in UBS Group in the 4th quarter valued at about $7,917,000.
Analyst Ratings Changes
A number of brokerages recently weighed in on UBS. Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research note on Wednesday, May 13th. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.30.
UBS Group Trading Up 1.8%
UBS opened at $50.46 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The company’s 50 day simple moving average is $45.11 and its two-hundred day simple moving average is $43.67. UBS Group AG has a 1-year low of $30.36 and a 1-year high of $50.91. The firm has a market capitalization of $157.62 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19.
UBS Group (NYSE:UBS – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. Analysts expect that UBS Group AG will post 3.33 EPS for the current fiscal year.
UBS Group Company Profile
UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.
Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.
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