International Assets Investment Management LLC Increases Position in UBS Group AG (NYSE:UBS)

International Assets Investment Management LLC boosted its position in UBS Group AG (NYSE:UBS) by 1,630.2% in the 4th quarter, Holdings Channel reports. The fund owned 172,886 shares of the bank’s stock after purchasing 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.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its position in shares of UBS Group by 8.7% in the fourth quarter. Allworth Financial LP now owns 4,514 shares of the bank’s stock valued at $139,000 after purchasing an additional 361 shares during the period. Global Retirement Partners LLC increased its stake in shares of UBS Group by 24.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock valued at $61,000 after acquiring an additional 402 shares during the last quarter. Drive Wealth Management LLC lifted its holdings in shares of UBS Group by 4.3% during the 4th quarter. Drive Wealth Management LLC now owns 10,302 shares of the bank’s stock worth $318,000 after acquiring an additional 429 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of UBS Group by 16.2% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 3,160 shares of the bank’s stock worth $98,000 after acquiring an additional 440 shares during the last quarter. Finally, Highland Capital Management LLC grew its holdings in UBS Group by 0.5% in the fourth quarter. Highland Capital Management LLC now owns 107,362 shares of the bank’s stock valued at $3,317,000 after purchasing an additional 495 shares during the period.

UBS Group Stock Performance

Shares of UBS stock opened at $29.54 on Wednesday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09. The company’s fifty day simple moving average is $29.55 and its 200-day simple moving average is $28.47. UBS Group AG has a 52 week low of $18.76 and a 52 week high of $32.13.

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

Analyst Upgrades and Downgrades

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

UBS Group Company 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.