Jackson Wealth Management LLC Increases Stake in UBS Group AG (NYSE:UBS)

Jackson Wealth Management LLC increased its stake in UBS Group AG (NYSE:UBS) by 73.4% in the third quarter, HoldingsChannel.com reports. The firm owned 151,529 shares of the bank’s stock after acquiring an additional 64,136 shares during the quarter. Jackson Wealth Management LLC’s holdings in UBS Group were worth $4,684,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UBS. Kathmere Capital Management LLC boosted its stake in shares of UBS Group by 4.0% during the 1st quarter. Kathmere Capital Management LLC now owns 34,652 shares of the bank’s stock worth $1,065,000 after purchasing an additional 1,346 shares during the last quarter. Claro Advisors LLC grew its position in shares of UBS Group by 18.5% during the first quarter. Claro Advisors LLC now owns 11,682 shares of the bank’s stock worth $359,000 after acquiring an additional 1,823 shares during the last quarter. Hexagon Capital Partners LLC grew its position in UBS Group by 11.2% in the 1st quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock valued at $128,000 after buying an additional 420 shares in the last quarter. Norden Group LLC acquired a new stake in UBS Group in the 1st quarter valued at about $806,000. Finally, First Trust Direct Indexing L.P. lifted its stake in UBS Group by 6.9% during the first quarter. First Trust Direct Indexing L.P. now owns 69,917 shares of the bank’s stock valued at $2,148,000 after buying an additional 4,488 shares in the last quarter.

UBS Group Stock Performance

Shares of UBS stock traded up $0.25 during trading on Thursday, reaching $32.20. 277,992 shares of the company’s stock were exchanged, compared to its average volume of 2,190,448. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $103.25 billion, a PE ratio of 60.28 and a beta of 1.15. UBS Group AG has a twelve month low of $23.23 and a twelve month high of $32.88. The firm’s fifty day moving average price is $30.71 and its 200-day moving average price is $30.10.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. During the same period in the prior year, the firm posted $1.88 EPS. As a group, sell-side analysts anticipate that UBS Group AG will post 1.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UBS. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Bank of America assumed coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock 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.