Park Avenue Securities LLC Acquires 6,638 Shares of UBS Group AG (NYSE:UBS)

Park Avenue Securities LLC increased its holdings in shares of UBS Group AG (NYSE:UBS) by 21.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,205 shares of the bank’s stock after buying an additional 6,638 shares during the period. Park Avenue Securities LLC’s holdings in UBS Group were worth $1,128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of UBS. Versant Capital Management Inc acquired a new position in UBS Group during the fourth quarter valued at approximately $40,000. Benjamin F. Edwards & Company Inc. grew its holdings in UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares during the period. Continuum Advisory LLC grew its holdings in UBS Group by 41.6% during the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock valued at $49,000 after purchasing an additional 450 shares during the period. FSC Wealth Advisors LLC acquired a new position in UBS Group during the third quarter valued at approximately $71,000. Finally, Rosenberg Matthew Hamilton grew its holdings in UBS Group by 15.6% during 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 period.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UBS shares. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Finally, BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

UBS Group Stock Up 2.7 %

UBS Group stock opened at $34.05 on Tuesday. The stock has a market capitalization of $109.17 billion, a PE ratio of 28.37 and a beta of 1.15. UBS Group AG has a twelve month low of $26.00 and a twelve month high of $34.11. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The company has a 50 day moving average of $31.69 and a 200-day moving average of $31.01.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.15. The company had revenue of $19.31 billion during 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 quarter in the prior year, the company earned ($0.24) earnings per share. On average, equities research analysts anticipate that UBS Group AG will post 1.53 EPS for the current fiscal year.

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.