UBS Group AG (NYSE:UBS) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of UBS Group AG (NYSE:UBSFree Report) by 143.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,949,802 shares of the bank’s stock after buying an additional 1,148,017 shares during the period. Envestnet Asset Management Inc.’s holdings in UBS Group were worth $60,249,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in 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 purchasing an additional 361 shares in the last quarter. Global Retirement Partners LLC boosted 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 buying an additional 402 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of UBS Group by 5.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,364 shares of the bank’s stock worth $258,000 after buying an additional 419 shares in the last quarter. Drive Wealth Management LLC increased its stake in shares of UBS Group by 4.3% in the fourth quarter. Drive Wealth Management LLC now owns 10,302 shares of the bank’s stock worth $318,000 after buying an additional 429 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in 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 acquiring an additional 440 shares during the last quarter.

UBS Group Stock Down 1.1 %

NYSE:UBS opened at $31.27 on Tuesday. UBS Group AG has a 52 week low of $19.25 and a 52 week 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 50 day moving average of $29.56 and a 200-day moving average of $29.47.

UBS Group (NYSE:UBSGet Free Report) last issued its earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The firm had revenue of $12.74 billion for the quarter, compared to analyst estimates of $12.05 billion. Sell-side analysts expect that UBS Group AG will post 0.78 EPS for the current year.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on UBS

About UBS Group

(Free Report)

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.

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Institutional Ownership by Quarter for UBS Group (NYSE:UBS)

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