HighPoint Advisor Group LLC Takes $205,000 Position in UBS Group AG (NYSE:UBS)

HighPoint Advisor Group LLC acquired a new position in shares of UBS Group AG (NYSE:UBS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,501 shares of the bank’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBS. Norges Bank acquired a new position in shares of UBS Group during the 4th quarter valued at about $5,004,151,000. Pzena Investment Management LLC increased its holdings in shares of UBS Group by 392.8% during the 4th quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock worth $931,484,000 after buying an additional 24,027,505 shares during the last quarter. Vanguard Group Inc. raised its position in shares of UBS Group by 6.8% during the 4th quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock valued at $3,522,067,000 after buying an additional 7,249,527 shares during the period. WCM Investment Management LLC lifted its holdings in UBS Group by 6,797.0% in the fourth quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock valued at $143,567,000 after acquiring an additional 4,568,457 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in UBS Group by 9.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after acquiring an additional 3,840,395 shares during the period.

UBS Group Stock Down 3.1 %

Shares of UBS Group stock opened at $30.24 on Friday. UBS Group AG has a one year low of $19.25 and a one year high of $32.13. The business has a 50-day simple moving average of $29.65 and a 200-day simple moving average of $29.68. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.08 and a quick ratio of 1.08.

UBS Group (NYSE:UBS) last issued its earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The business had revenue of $12.74 billion for the quarter, compared to analyst estimates of $12.05 billion. On average, sell-side analysts forecast that UBS Group AG will post 0.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UBS shares. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. Finally, BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, UBS Group has an average rating of “Hold”.

About UBS Group

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.