Allspring Global Investments Holdings LLC Acquires 37,301 Shares of UBS Group AG (NYSE:UBS)

Allspring Global Investments Holdings LLC lifted its position in UBS Group AG (NYSE:UBS) by 6,907.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,841 shares of the bank’s stock after purchasing an additional 37,301 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in UBS Group were worth $1,169,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new stake in shares of UBS Group in the second quarter valued at $41,000. RFP Financial Group LLC lifted its stake in shares of UBS Group by 58.3% in the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after purchasing an additional 526 shares in the last quarter. Larson Financial Group LLC grew its position in shares of UBS Group by 5,742.3% during the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after buying an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in UBS Group by 566.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of UBS Group in the second quarter valued at approximately $50,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UBS. Bank of America started coverage on shares of UBS Group in a report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, UBS Group has a consensus rating of “Hold”.

UBS Group Trading Down 2.2 %

Shares of UBS stock opened at $30.67 on Friday. The company has a market capitalization of $98.34 billion, a price-to-earnings ratio of 57.87 and a beta of 1.15. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $30.88 and a two-hundred day simple moving average of $30.19. UBS Group AG has a 52-week low of $23.23 and a 52-week high of $32.90.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the business earned $1.88 earnings per share. Research analysts anticipate that UBS Group AG will post 1.68 EPS for the current fiscal year.

UBS Group Company 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.