UBS Group AG (NYSE:UBS) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its holdings in shares of UBS Group AG (NYSE:UBS) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,596 shares of the bank’s stock after purchasing an additional 3,208 shares during the quarter. Advisors Asset Management Inc.’s holdings in UBS Group were worth $977,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UBS. B. Riley Wealth Advisors Inc. lifted its stake in shares of UBS Group by 33.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 29,916 shares of the bank’s stock worth $919,000 after buying an additional 7,508 shares in the last quarter. Virtu Financial LLC boosted its holdings in shares of UBS Group by 35.5% during the 1st quarter. Virtu Financial LLC now owns 19,475 shares of the bank’s stock worth $598,000 after purchasing an additional 5,099 shares during the last quarter. Cetera Investment Advisers grew its position in shares of UBS Group by 206.3% in the first quarter. Cetera Investment Advisers now owns 65,029 shares of the bank’s stock valued at $1,998,000 after purchasing an additional 43,800 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of UBS Group by 133.7% in the first quarter. Cetera Advisors LLC now owns 25,584 shares of the bank’s stock valued at $786,000 after purchasing an additional 14,638 shares during the last quarter. Finally, Jackson Wealth Management LLC lifted its position in UBS Group by 5.5% during the first quarter. Jackson Wealth Management LLC now owns 149,621 shares of the bank’s stock worth $4,596,000 after buying an additional 7,867 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UBS. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America began coverage on shares of UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

UBS Group Trading Down 2.7 %

Shares of UBS Group stock opened at $31.19 on Wednesday. The stock has a 50 day moving average of $31.60 and a 200 day moving average of $30.73. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $100.01 billion, a price-to-earnings ratio of 25.99 and a beta of 1.15. UBS Group AG has a fifty-two week low of $26.00 and a fifty-two week high of $33.34.

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, topping analysts’ consensus estimates of $0.28 by $0.15. The business had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same period in the prior year, the business posted ($0.24) EPS. As a group, research analysts predict that UBS Group AG will post 1.73 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.