Alaethes Wealth LLC Purchases 920 Shares of UBS Group AG (NYSE:UBS)

Alaethes Wealth LLC boosted its holdings in shares of UBS Group AG (NYSE:UBS) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,657 shares of the bank’s stock after purchasing an additional 920 shares during the period. UBS Group comprises approximately 0.9% of Alaethes Wealth LLC’s investment portfolio, making the stock its 29th biggest position. Alaethes Wealth LLC’s holdings in UBS Group were worth $2,235,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of UBS Group during the 1st quarter worth $42,000. Nisa Investment Advisors LLC bought a new position in shares of UBS Group in the second quarter worth about $41,000. RFP Financial Group LLC boosted 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 holdings in shares of UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in UBS Group during the 1st quarter worth approximately $51,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UBS. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Bank of America initiated coverage on UBS Group in a report on Thursday. They set a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

UBS Group Stock Down 1.6 %

NYSE:UBS opened at $29.90 on Friday. UBS Group AG has a one year low of $23.23 and a one year high of $32.13. 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 company has a market cap of $95.87 billion, a PE ratio of 3.26 and a beta of 1.15. The firm’s 50 day simple moving average is $29.92 and its 200 day simple moving average is $30.03.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates 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 previous year, the business earned $1.88 earnings per share. On average, research analysts anticipate that UBS Group AG will post 1.02 earnings per share for the current year.

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.