First Horizon Advisors Inc. Boosts Stake in UBS Group AG (NYSE:UBS)

First Horizon Advisors Inc. lifted its holdings in shares of UBS Group AG (NYSE:UBS) by 91.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,543 shares of the bank’s stock after acquiring an additional 736 shares during the quarter. First Horizon Advisors Inc.’s holdings in UBS Group were worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of UBS Group by 8.7% during the 4th quarter. Allworth Financial LP now owns 4,514 shares of the bank’s stock valued at $139,000 after acquiring an additional 361 shares during the last quarter. Global Retirement Partners LLC grew its position in UBS Group by 24.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock worth $61,000 after purchasing an additional 402 shares during the period. Drive Wealth Management LLC raised its stake in UBS Group by 4.3% during the 4th quarter. Drive Wealth Management LLC now owns 10,302 shares of the bank’s stock valued at $318,000 after buying an additional 429 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of UBS Group by 16.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 3,160 shares of the bank’s stock valued at $98,000 after buying an additional 440 shares during the period. Finally, Keel Point LLC boosted its stake in shares of UBS Group by 5.0% in the 4th quarter. Keel Point LLC now owns 9,389 shares of the bank’s stock worth $290,000 after buying an additional 445 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on the company. BNP Paribas cut UBS Group from an “outperform” rating to a “neutral” rating in a research report on Monday, April 22nd. Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a report on Tuesday, April 23rd. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

UBS Group Stock Down 2.4 %

UBS stock opened at $28.83 on Thursday. The business’s 50-day moving average price is $29.55 and its 200-day moving average price is $28.47. UBS Group AG has a twelve month low of $18.76 and a twelve month high of $32.13. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 4.23.

UBS Group (NYSE:UBS) last posted its quarterly 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). The firm had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 earnings per share. As a group, research analysts predict 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.