Systrade AG Acquires 100,000 Shares of UBS Group AG (NYSE:UBS)

Systrade AG grew its stake in UBS Group AG (NYSE:UBS) by 20.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 595,000 shares of the bank’s stock after buying an additional 100,000 shares during the period. UBS Group makes up approximately 25.2% of Systrade AG’s holdings, making the stock its 2nd biggest position. Systrade AG’s holdings in UBS Group were worth $18,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kingsview Wealth Management LLC bought a new stake in shares of UBS Group during the 4th quarter worth $218,000. Jones Financial Companies Lllp lifted its position in UBS Group by 142.4% during the 4th quarter. Jones Financial Companies Lllp now owns 22,023 shares of the bank’s stock worth $668,000 after acquiring an additional 12,939 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in UBS Group by 13.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 42,753 shares of the bank’s stock valued at $1,307,000 after acquiring an additional 4,912 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of UBS Group by 42.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,989 shares of the bank’s stock valued at $91,000 after purchasing an additional 887 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of UBS Group by 11.5% in the fourth quarter. Blair William & Co. IL now owns 7,976 shares of the bank’s stock valued at $242,000 after purchasing an additional 823 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on UBS. Wedbush reissued a “neutral” rating on shares of UBS Group in a research report on Tuesday, May 27th. Jefferies Financial Group upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday. Bank of America downgraded shares of UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of UBS Group in a research note on Monday, May 12th. Finally, Keefe, Bruyette & Woods raised shares of UBS Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

UBS Group Stock Performance

UBS opened at $32.84 on Thursday. The stock has a market cap of $105.30 billion, a PE ratio of 21.61 and a beta of 1.16. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 3.76. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $35.84. The stock’s 50 day simple moving average is $30.28 and its 200-day simple moving average is $31.88.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.09. UBS Group had a net margin of 6.93% and a return on equity of 5.93%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $10.19 billion. Sell-side analysts forecast that UBS Group AG will post 1.9 EPS 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.