Thrivent Financial for Lutherans Raises Position in UBS Group AG (NYSE:UBS)

Thrivent Financial for Lutherans lifted its holdings in shares of UBS Group AG (NYSE:UBS) by 44.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,775 shares of the bank’s stock after purchasing an additional 4,889 shares during the quarter. Thrivent Financial for Lutherans’ holdings in UBS Group were worth $488,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Drive Wealth Management LLC raised its position in UBS Group by 3.2% in the 2nd quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock worth $328,000 after purchasing an additional 349 shares during the period. Rosenberg Matthew Hamilton lifted its position in UBS Group by 15.6% in the third quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after purchasing an additional 355 shares during the last quarter. Parallel Advisors LLC boosted 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 period. Traveka Wealth LLC grew its holdings in shares of UBS Group by 6.2% in the second quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock worth $221,000 after purchasing an additional 435 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. increased its stake in shares of UBS Group by 4.3% in the second quarter. Mesirow Financial Investment Management Inc. now owns 10,511 shares of the bank’s stock worth $311,000 after buying an additional 437 shares during the period.

UBS Group Stock Performance

NYSE UBS opened at $32.76 on Friday. The company has a market cap of $105.03 billion, a P/E ratio of 27.30 and a beta of 1.14. The business’s 50 day moving average price is $31.86 and its 200-day moving average price is $30.81. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $33.34. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15. The firm had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period in the prior year, the business posted ($0.24) earnings per share. Sell-side analysts predict that UBS Group AG will post 1.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

UBS has been the subject of a number of recent analyst reports. Bank of America started coverage on UBS Group in a report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, UBS Group currently has a consensus rating of “Moderate Buy”.

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.