Triasima Portfolio Management inc. Invests $5.94 Million in UBS Group AG $UBS

Triasima Portfolio Management inc. acquired a new stake in UBS Group AG (NYSE:UBS) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 144,965 shares of the bank’s stock, valued at approximately $5,944,000.

Several other hedge funds have also recently bought and sold shares of the stock. Coldstream Capital Management Inc. increased its position in UBS Group by 1.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank’s stock worth $885,000 after buying an additional 290 shares during the period. Arkadios Wealth Advisors raised its stake in UBS Group by 3.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 9,877 shares of the bank’s stock worth $405,000 after purchasing an additional 301 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in UBS Group by 1.7% in the 2nd quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock valued at $623,000 after purchasing an additional 310 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of UBS Group by 0.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 121,385 shares of the bank’s stock worth $4,966,000 after purchasing an additional 318 shares in the last quarter. Finally, Keel Point LLC increased its holdings in shares of UBS Group by 3.8% during the second quarter. Keel Point LLC now owns 9,488 shares of the bank’s stock worth $321,000 after purchasing an additional 346 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Bank of America raised UBS Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $44.00 to $60.30 in a report on Tuesday, December 16th. BNP Paribas downgraded shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 15th. Finally, Citigroup reiterated a “neutral” rating on shares of UBS Group in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, UBS Group currently has a consensus rating of “Moderate Buy” and an average target price of $60.30.

UBS Group Stock Performance

Shares of UBS Group stock opened at $46.70 on Tuesday. The company’s 50 day moving average price is $43.08 and its two-hundred day moving average price is $40.45. The firm has a market capitalization of $145.89 billion, a P/E ratio of 21.04, a P/E/G ratio of 0.45 and a beta of 1.12. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $48.43. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.03 and a quick ratio of 1.03.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.28. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The business had revenue of $12.76 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same period last year, the company earned $0.43 EPS. UBS Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

About UBS Group

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.