Assetmark Inc. Purchases 1,779 Shares of UBS Group AG (NYSE:UBS)

Assetmark Inc. boosted its position in UBS Group AG (NYSE:UBS) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,964 shares of the bank’s stock after purchasing an additional 1,779 shares during the quarter. Assetmark Inc.’s holdings in UBS Group were worth $1,421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&G Plc acquired a new position in shares of UBS Group in the first quarter valued at about $173,678,000. O Shaughnessy Asset Management LLC increased its holdings in shares of UBS Group by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 496,213 shares of the bank’s stock worth $15,246,000 after purchasing an additional 40,911 shares during the period. Toronto Dominion Bank raised its position in shares of UBS Group by 286.3% in the second 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 in the last quarter. Legal & General Group Plc raised its position in shares of UBS Group by 11,313.2% in the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock valued at $1,218,317,000 after buying an additional 41,027,134 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake 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 buying an additional 43,800 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America assumed coverage on UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 0.2 %

Shares of UBS stock opened at $31.69 on Friday. UBS Group AG has a fifty-two week low of $25.24 and a fifty-two week high of $33.34. The stock’s fifty day moving average price is $31.14 and its two-hundred day moving average price is $30.47. 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 company has a market cap of $101.60 billion, a PE ratio of 26.48 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The firm had revenue of $19.31 billion for the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the previous year, the business posted ($0.24) earnings per share. Equities analysts predict that UBS Group AG will post 1.73 EPS for the current fiscal 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.