Oppenheimer Asset Management Inc. Buys 1,045 Shares of UBS Group AG (NYSE:UBS)

Oppenheimer Asset Management Inc. grew its stake in UBS Group AG (NYSE:UBS) by 5.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,054 shares of the bank’s stock after purchasing an additional 1,045 shares during the period. Oppenheimer Asset Management Inc.’s holdings in UBS Group were worth $589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in UBS Group by 4.0% in the first quarter. Bessemer Group Inc. now owns 62,016 shares of the bank’s stock worth $1,905,000 after buying an additional 2,387 shares during the last quarter. Stamos Capital Partners L.P. raised its stake in shares of UBS Group by 50.2% in the first quarter. Stamos Capital Partners L.P. now owns 25,690 shares of the bank’s stock valued at $789,000 after acquiring an additional 8,590 shares during the period. Capital International Sarl lifted its holdings in shares of UBS Group by 18.6% in the 1st quarter. Capital International Sarl now owns 69,005 shares of the bank’s stock worth $2,125,000 after acquiring an additional 10,805 shares during the last quarter. Capital World Investors boosted its stake in shares of UBS Group by 3.1% during the 1st quarter. Capital World Investors now owns 38,207,664 shares of the bank’s stock worth $1,175,229,000 after purchasing an additional 1,147,836 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in UBS Group by 23.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 7,786,916 shares of the bank’s stock valued at $239,824,000 after purchasing an additional 1,490,235 shares during the last quarter.

UBS Group Stock Performance

Shares of UBS Group stock opened at $31.85 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock’s fifty day moving average price is $31.37 and its 200-day moving average price is $30.63. The firm has a market cap of $102.12 billion, a P/E ratio of 26.54 and a beta of 1.15. UBS Group AG has a 12 month low of $25.94 and a 12 month high of $33.34.

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

Wall Street Analysts Forecast Growth

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

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.