Benjamin F. Edwards & Company Inc. Grows Stake in UBS Group AG (NYSE:UBS)

Benjamin F. Edwards & Company Inc. grew its position in shares of UBS Group AG (NYSE:UBS) by 566.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,666 shares of the bank’s stock after purchasing an additional 1,416 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in UBS Group were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of UBS Group by 5.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,240,888 shares of the bank’s stock worth $410,692,000 after acquiring an additional 663,673 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of UBS Group by 82.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 63,148 shares of the bank’s stock worth $1,940,000 after acquiring an additional 28,494 shares during the last quarter. M&G Plc bought a new stake in shares of UBS Group during the 1st quarter worth $173,678,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of UBS Group by 9.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 496,213 shares of the bank’s stock worth $15,246,000 after acquiring an additional 40,911 shares during the last quarter. Finally, Norden Group LLC bought a new stake in shares of UBS Group during the 1st quarter worth $806,000.

Analyst Upgrades and Downgrades

UBS has been the subject of a number of research analyst reports. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Bank of America started coverage on shares of UBS Group in a research note 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 three have issued a buy rating to the company’s stock. According to data from MarketBeat, UBS Group currently has an average rating of “Hold”.

UBS Group Stock Performance

UBS Group stock opened at $31.03 on Friday. 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 company has a market capitalization of $99.50 billion, a PE ratio of 3.38 and a beta of 1.15. The firm has a fifty day simple moving average of $29.89 and a two-hundred day simple moving average of $30.04. UBS Group AG has a twelve month low of $23.23 and a twelve month high of $32.13.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.22. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period in the previous year, the firm posted $1.88 earnings per share. Research analysts expect that UBS Group AG will post 1.36 EPS for the current year.

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.