Legacy Wealth Asset Management LLC Purchases 1,329 Shares of UBS Group AG (NYSE:UBS)

Legacy Wealth Asset Management LLC lifted its position in shares of UBS Group AG (NYSE:UBS) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,937 shares of the bank’s stock after purchasing an additional 1,329 shares during the period. Legacy Wealth Asset Management LLC’s holdings in UBS Group were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new position in UBS Group during the 4th quarter worth $28,000. Opal Wealth Advisors LLC bought a new position in UBS Group during the 1st quarter worth $42,000. First Horizon Advisors Inc. increased its stake in UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock worth $48,000 after acquiring an additional 736 shares during the period. Naples Money Management LLC bought a new position in UBS Group during the 4th quarter worth $51,000. Finally, Mather Group LLC. bought a new position in UBS Group during the 1st quarter worth $51,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UBS. Citigroup downgraded UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday, April 22nd. Finally, Morgan Stanley raised UBS Group from an “equal weight” rating to an “overweight” rating in a report on Friday, March 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

UBS Group Price Performance

Shares of NYSE UBS traded up $0.32 during mid-day trading on Thursday, hitting $30.34. 1,003,101 shares of the stock traded hands, compared to its average volume of 1,847,036. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.08 and a quick ratio of 1.08. UBS Group AG has a twelve month low of $19.25 and a twelve month high of $32.13. The company has a market cap of $97.28 billion, a PE ratio of 3.31 and a beta of 1.16. The firm has a 50 day simple moving average of $29.94 and a two-hundred day simple moving average of $29.74.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Tuesday, May 7th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.29. The company had revenue of $12.74 billion for the quarter, compared to the consensus estimate of $12.05 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. As a group, equities research analysts forecast that UBS Group AG will post 0.78 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.