Congress Park Capital LLC Acquires Shares of 130,900 UBS Group AG (NYSE:UBS)

Congress Park Capital LLC acquired a new stake in UBS Group AG (NYSE:UBS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 130,900 shares of the bank’s stock, valued at approximately $1,480,000. UBS Group accounts for approximately 1.2% of Congress Park Capital LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other large investors also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC increased its position in shares of UBS Group by 77.2% during the third quarter. Golden State Wealth Management LLC now owns 2,614 shares of the bank’s stock worth $30,000 after acquiring an additional 1,139 shares during the last quarter. Advisory Services Network LLC grew its stake in UBS Group by 56.3% in the second quarter. Advisory Services Network LLC now owns 2,686 shares of the bank’s stock worth $32,000 after purchasing an additional 968 shares in the last quarter. AdvisorNet Financial Inc grew its stake in UBS Group by 304.2% in the second quarter. AdvisorNet Financial Inc now owns 5,255 shares of the bank’s stock worth $62,000 after purchasing an additional 3,955 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in UBS Group by 22.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,131 shares of the bank’s stock worth $72,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in UBS Group in the third quarter worth about $135,000. 34.31% of the stock is currently owned by institutional investors.

Shares of NYSE UBS traded up $0.09 during midday trading on Friday, hitting $11.78. 18,441 shares of the company’s stock were exchanged, compared to its average volume of 3,006,225. The company has a debt-to-equity ratio of 3.26, a current ratio of 0.95 and a quick ratio of 0.96. The stock’s 50 day moving average price is $11.20 and its 200-day moving average price is $11.66. The firm has a market cap of $43.11 billion, a P/E ratio of 8.34 and a beta of 1.22. UBS Group AG has a twelve month low of $10.12 and a twelve month high of $14.59.

UBS Group (NYSE:UBS) last announced its earnings results on Tuesday, July 23rd. The bank reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $5.61 billion for the quarter. UBS Group had a return on equity of 7.50% and a net margin of 13.69%. On average, analysts expect that UBS Group AG will post 1.23 EPS for the current fiscal year.

UBS has been the subject of a number of research reports. DZ Bank reiterated a “sell” rating on shares of UBS Group in a research note on Wednesday, August 21st. Berenberg Bank restated a “buy” rating and issued a $15.00 target price on shares of UBS Group in a research note on Friday, August 2nd. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research note on Friday, August 30th. Finally, Exane BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. UBS Group presently has a consensus rating of “Hold” and a consensus target price of $12.50.

UBS Group Profile

UBS Group AG, together with its subsidiaries, provides financial advice and solutions worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advisory and solutions to private clients, and high and ultra high net worth clients.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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