Oppenheimer Asset Management Inc. Acquires 1,386 Shares of UBS Group AG (NYSE:UBS)

Oppenheimer Asset Management Inc. raised its holdings in UBS Group AG (NYSE:UBS) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,009 shares of the bank’s stock after purchasing an additional 1,386 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in UBS Group were worth $532,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBS. Drive Wealth Management LLC raised its holdings in shares of UBS Group by 3.2% in the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after buying an additional 349 shares during the last quarter. D Orazio & Associates Inc. increased its position in UBS Group by 3.5% in the 1st quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock valued at $346,000 after acquiring an additional 381 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of UBS Group by 5.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 8,364 shares of the bank’s stock worth $258,000 after acquiring an additional 419 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in shares of UBS Group by 11.2% during the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock worth $128,000 after purchasing an additional 420 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of UBS Group by 2.6% during the second quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after purchasing an additional 420 shares during the last quarter.

UBS Group Trading Down 1.6 %

UBS opened at $29.90 on Friday. UBS Group AG has a fifty-two week low of $23.23 and a fifty-two week high of $32.13. The company has a market cap of $95.87 billion, a price-to-earnings ratio of 3.26 and a beta of 1.15. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $29.92 and a 200 day simple moving average of $30.03.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the business posted $1.88 EPS. On average, sell-side analysts anticipate that UBS Group AG will post 1.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on UBS shares. Bank of America started coverage on shares of UBS Group in a research report on Thursday. They issued a “neutral” rating for the company. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock 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.