Rhumbline Advisers Purchases 1,760 Shares of UBS Group AG (NYSE:UBS)

Rhumbline Advisers lifted its position in shares of UBS Group AG (NYSE:UBS) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,403 shares of the bank’s stock after buying an additional 1,760 shares during the period. Rhumbline Advisers’ holdings in UBS Group were worth $1,459,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of UBS Group by 25.6% in the 4th quarter. BNP Paribas Financial Markets now owns 50,414 shares of the bank’s stock worth $1,558,000 after acquiring an additional 10,285 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in UBS Group by 5.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,509 shares of the bank’s stock worth $757,000 after purchasing an additional 1,354 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in UBS Group by 68.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 116,238 shares of the bank’s stock valued at $3,592,000 after buying an additional 47,287 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of UBS Group during the fourth quarter valued at about $403,000. Finally, D.A. Davidson & CO. purchased a new position in shares of UBS Group in the fourth quarter worth about $303,000.

UBS Group Price Performance

UBS stock opened at $29.90 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The firm’s 50-day moving average price is $29.92 and its two-hundred day moving average price is $30.03. The stock has a market capitalization of $95.87 billion, a price-to-earnings ratio of 3.26 and a beta of 1.15. UBS Group AG has a 12-month low of $23.23 and a 12-month high of $32.13.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) 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 previous year, the business earned $1.88 EPS. As a group, equities analysts predict that UBS Group AG will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America began coverage on UBS Group in a report on Thursday. They set 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

UBS Group 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.