Bleakley Financial Group LLC Acquires 1,410 Shares of UBS Group AG (NYSE:UBS)

Bleakley Financial Group LLC lifted its holdings in UBS Group AG (NYSE:UBS) by 13.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,961 shares of the bank’s stock after acquiring an additional 1,410 shares during the quarter. Bleakley Financial Group LLC’s holdings in UBS Group were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UBS. Commonwealth Equity Services LLC raised its holdings in UBS Group by 82.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 63,148 shares of the bank’s stock valued at $1,940,000 after buying an additional 28,494 shares during the last quarter. M&G Plc bought a new stake in UBS Group during the 1st quarter valued at $173,678,000. O Shaughnessy Asset Management LLC raised its holdings in UBS Group by 9.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 496,213 shares of the bank’s stock valued at $15,246,000 after buying an additional 40,911 shares during the last quarter. Norden Group LLC bought a new stake in UBS Group during the 1st quarter valued at $806,000. Finally, Toronto Dominion Bank raised its holdings in UBS Group by 286.3% during the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock valued at $8,044,000 after buying an additional 201,809 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Bank of America assumed coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, UBS Group presently has an average rating of “Hold”.

UBS Group Stock Up 0.5 %

Shares of NYSE UBS opened at $32.49 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. UBS Group AG has a 12 month low of $23.23 and a 12 month high of $32.88. The firm has a market capitalization of $104.18 billion, a PE ratio of 3.54 and a beta of 1.15. The firm has a fifty day simple moving average of $30.69 and a two-hundred day simple moving average of $30.09.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.12 by $0.22. The business had revenue of $11.90 billion during 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 period in the prior year, the business earned $1.88 EPS. Equities analysts expect that UBS Group AG will post 1.69 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.