UBS Group AG $UBS Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in UBS Group AG (NYSE:UBS) by 10.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,134 shares of the bank’s stock after purchasing an additional 985 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in UBS Group were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Dorsey & Whitney Trust CO LLC boosted its holdings in UBS Group by 1.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock worth $640,000 after purchasing an additional 358 shares during the period. First National Bank of Hutchinson lifted its stake in UBS Group by 3.1% in the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank’s stock valued at $379,000 after buying an additional 367 shares during the last quarter. Allianz SE lifted its stake in UBS Group by 3.2% in the first quarter. Allianz SE now owns 12,312 shares of the bank’s stock valued at $374,000 after buying an additional 380 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in UBS Group by 0.3% in the first quarter. Kestra Advisory Services LLC now owns 145,380 shares of the bank’s stock valued at $4,453,000 after buying an additional 386 shares during the last quarter. Finally, Impact Capital Partners LLC lifted its stake in UBS Group by 4.1% in the second quarter. Impact Capital Partners LLC now owns 9,994 shares of the bank’s stock valued at $338,000 after buying an additional 394 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UBS shares. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Wall Street Zen cut shares of UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Bank of America upgraded shares of UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Zacks Research upgraded shares of UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research note on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS Group stock opened at $38.53 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. The company’s 50-day moving average price is $40.41 and its two-hundred day moving average price is $35.36. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56. The stock has a market cap of $123.53 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.62 and a beta of 1.18.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, July 30th. The bank reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $11.55 billion for the quarter, compared to analysts’ expectations of $9.77 billion. UBS Group had a return on equity of 7.17% and a net margin of 9.21%.During the same quarter last year, the business posted $0.34 EPS. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 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.