Claro Advisors LLC Buys 1,823 Shares of UBS Group AG (NYSE:UBS)

Claro Advisors LLC raised its stake in shares of UBS Group AG (NYSE:UBS) by 18.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 11,682 shares of the bank’s stock after purchasing an additional 1,823 shares during the quarter. Claro Advisors LLC’s holdings in UBS Group were worth $359,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of UBS Group during the 4th quarter worth about $28,000. Opal Wealth Advisors LLC bought a new position in shares of UBS Group during the 1st quarter worth about $42,000. First Horizon Advisors Inc. boosted its position in shares of UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after acquiring an additional 736 shares in the last quarter. Naples Money Management LLC acquired a new stake in shares of UBS Group during the 4th quarter valued at about $51,000. Finally, Mather Group LLC. acquired a new stake in shares of UBS Group during the 1st quarter valued at about $51,000.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UBS shares. Morgan Stanley upgraded shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Citigroup lowered shares of UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. Finally, BNP Paribas lowered shares of UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

UBS Group Price Performance

NYSE:UBS traded up $0.40 on Monday, reaching $29.94. The stock had a trading volume of 1,076,968 shares, compared to its average volume of 2,615,413. The company has a market capitalization of $96.00 billion, a P/E ratio of 3.26 and a beta of 1.16. UBS Group AG has a 1-year low of $19.25 and a 1-year high of $32.13. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 4.00. The stock has a fifty day moving average price of $29.81 and a 200-day moving average price of $29.73.

UBS Group (NYSE:UBS) last announced its earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.29. UBS Group had a net margin of 39.78% and a return on equity of 7.78%. The company had revenue of $12.74 billion for the quarter, compared to analyst estimates of $12.05 billion. Research analysts forecast that UBS Group AG will post 0.78 EPS for the current 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.