Wealth Enhancement Advisory Services LLC Grows Stake in UBS Group AG (NYSE:UBS)

Wealth Enhancement Advisory Services LLC increased its position in shares of UBS Group AG (NYSE:UBS) by 18.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,395 shares of the bank’s stock after buying an additional 19,229 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in UBS Group were worth $3,810,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA grew its stake in UBS Group by 13.8% during the 1st quarter. Compagnie Lombard Odier SCmA now owns 4,689,965 shares of the bank’s stock worth $142,440,000 after buying an additional 568,308 shares during the last quarter. Simon Quick Advisors LLC purchased a new position in UBS Group during the 1st quarter worth approximately $251,000. Assenagon Asset Management S.A. grew its stake in UBS Group by 0.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 202,673 shares of the bank’s stock worth $6,155,000 after buying an additional 1,609 shares during the last quarter. Farther Finance Advisors LLC grew its stake in UBS Group by 19.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,653 shares of the bank’s stock worth $81,000 after buying an additional 423 shares during the last quarter. Finally, City Holding Co. purchased a new position in UBS Group during the 1st quarter worth approximately $25,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised UBS Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. DZ Bank raised UBS Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 6th. Wedbush reissued a “neutral” rating on shares of UBS Group in a report on Tuesday, May 27th. Jefferies Financial Group raised UBS Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 3rd. Finally, Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Wednesday, June 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

UBS Group Stock Up 2.6%

UBS Group stock opened at $33.08 on Friday. The company has a debt-to-equity ratio of 3.72, a current ratio of 1.04 and a quick ratio of 1.04. UBS Group AG has a 1-year low of $25.75 and a 1-year high of $35.84. The company has a market cap of $106.08 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. The stock’s 50 day moving average price is $31.51 and its 200 day moving average price is $31.88.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, April 30th. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. UBS Group had a return on equity of 5.82% and a net margin of 7.13%. The firm had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $10.19 billion. On average, sell-side analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal 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.