Thoroughbred Financial Services LLC Buys Shares of 16,016 UBS Group AG (NYSE:UBS)

Thoroughbred Financial Services LLC bought a new stake in UBS Group AG (NYSE:UBS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,016 shares of the bank’s stock, valued at approximately $473,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Drive Wealth Management LLC lifted its stake in shares of UBS Group by 3.2% during the 2nd 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 in the last quarter. D Orazio & Associates Inc. increased its holdings in UBS Group by 3.5% during the 1st quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock worth $346,000 after acquiring an additional 381 shares during the period. EverSource Wealth Advisors LLC increased its holdings in UBS Group by 5.3% during the 4th 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 period. Hexagon Capital Partners LLC increased its holdings in UBS Group by 11.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock worth $128,000 after acquiring an additional 420 shares during the period. Finally, Parallel Advisors LLC increased its holdings in UBS Group by 2.6% during the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock worth $489,000 after acquiring an additional 420 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

UBS Group Price Performance

UBS stock opened at $29.79 on Tuesday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06. UBS Group AG has a 52 week low of $23.23 and a 52 week high of $32.13. The firm’s fifty day moving average is $29.98 and its 200 day moving average is $30.01. The firm has a market cap of $95.52 billion, a P/E ratio of 3.25 and a beta of 1.15.

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