Diversify Advisory Services LLC Acquires New Shares in UBS Group AG (NYSE:UBS)

Diversify Advisory Services LLC bought a new position in UBS Group AG (NYSE:UBSFree Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,971 shares of the bank’s stock, valued at approximately $1,035,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in UBS Group in the fourth quarter worth approximately $5,004,151,000. Pzena Investment Management LLC raised its holdings in shares of UBS Group by 392.8% during the 4th quarter. Pzena Investment Management LLC now owns 30,145,113 shares of the bank’s stock valued at $931,484,000 after purchasing an additional 24,027,505 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of UBS Group by 6.8% in the 4th quarter. Vanguard Group Inc. now owns 113,982,749 shares of the bank’s stock valued at $3,522,067,000 after purchasing an additional 7,249,527 shares during the last quarter. WCM Investment Management LLC boosted its holdings in UBS Group by 6,797.0% in the fourth quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock worth $143,567,000 after purchasing an additional 4,568,457 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in UBS Group by 9.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after buying an additional 3,840,395 shares during the last quarter.

UBS Group Stock Up 0.3 %

UBS Group stock opened at $30.44 on Friday. 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 fifty-two week low of $19.25 and a fifty-two week high of $32.13. The firm has a fifty day moving average price of $30.06 and a two-hundred day moving average price of $29.75. The firm has a market cap of $97.60 billion, a price-to-earnings ratio of 3.32 and a beta of 1.16.

UBS Group (NYSE:UBSGet Free Report) last posted its quarterly earnings data 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. The business had revenue of $12.74 billion during the quarter, compared to analysts’ expectations of $12.05 billion. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. As a group, analysts forecast that UBS Group AG will post 0.78 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on UBS shares. Citigroup cut UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a report on Monday, April 22nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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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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