UBS Group AG (NYSE:UBS) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in UBS Group AG (NYSE:UBS) by 1,630.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,886 shares of the bank’s stock after buying an additional 162,894 shares during the period. International Assets Investment Management LLC’s holdings in UBS Group were worth $5,595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Equitable Trust Co. purchased a new stake in UBS Group in the 4th quarter valued at about $2,380,000. Prime Capital Investment Advisors LLC purchased a new stake in UBS Group in the 4th quarter valued at about $213,000. Allworth Financial LP raised its holdings in UBS Group by 8.7% in the 4th quarter. Allworth Financial LP now owns 4,514 shares of the bank’s stock valued at $139,000 after buying an additional 361 shares during the period. Sowell Financial Services LLC purchased a new stake in UBS Group in the 4th quarter valued at about $313,000. Finally, Traveka Wealth LLC purchased a new stake in UBS Group in the 4th quarter valued at about $207,000.

UBS Group Stock Up 7.0 %

UBS stock opened at $29.54 on Wednesday. The company’s 50 day moving average price is $29.55 and its 200 day moving average price is $28.47. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.09 and a current ratio of 1.10. UBS Group AG has a fifty-two week low of $18.76 and a fifty-two week high of $32.13.

UBS Group (NYSE:UBS) last released its earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). UBS Group had a return on equity of 7.56% and a net margin of 43.70%. The firm had revenue of $10.86 billion for the quarter, compared to analysts’ expectations of $12.06 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. As a group, analysts forecast that UBS Group AG will post 0.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on UBS shares. Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Citigroup lowered shares of UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. BNP Paribas lowered shares of UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Finally, Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

UBS Group 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.