Townsquare Capital LLC Purchases 14,794 Shares of UBS Group AG (NYSE:UBS)

Townsquare Capital LLC lifted its holdings in UBS Group AG (NYSE:UBS) by 40.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,533 shares of the bank’s stock after purchasing an additional 14,794 shares during the period. Townsquare Capital LLC’s holdings in UBS Group were worth $1,593,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC acquired a new position in shares of UBS Group during the second quarter worth approximately $41,000. Benjamin F. Edwards & Company Inc. increased its position 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 worth $49,000 after acquiring an additional 1,416 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in UBS Group during the 2nd quarter valued at $50,000. Opal Wealth Advisors LLC boosted its holdings in UBS Group by 56.0% in the 2nd quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank’s stock valued at $63,000 after purchasing an additional 763 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in UBS Group in the 3rd quarter worth $71,000.

UBS Group Trading Up 3.2 %

Shares of UBS stock opened at $32.34 on Monday. The firm has a fifty day moving average of $31.69 and a 200-day moving average of $30.76. The stock has a market cap of $103.70 billion, a price-to-earnings ratio of 26.95 and a beta of 1.15. UBS Group AG has a 52-week low of $26.00 and a 52-week high of $33.34. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.15. The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates 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 business posted ($0.24) earnings per share. On average, equities research analysts forecast that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America initiated coverage on UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

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.