B. Riley Wealth Advisors Inc. Buys New Shares in UBS Group AG $UBS

B. Riley Wealth Advisors Inc. bought a new position in UBS Group AG (NYSE:UBS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,560 shares of the bank’s stock, valued at approximately $898,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of UBS Group in the 2nd quarter worth approximately $4,878,061,000. Fisher Asset Management LLC boosted its stake in UBS Group by 16.9% during the 2nd quarter. Fisher Asset Management LLC now owns 58,424,089 shares of the bank’s stock valued at $1,975,903,000 after purchasing an additional 8,448,219 shares during the last quarter. Cevian Capital II GP LTD boosted its stake in UBS Group by 9.9% during the 2nd quarter. Cevian Capital II GP LTD now owns 48,117,675 shares of the bank’s stock valued at $1,627,340,000 after purchasing an additional 4,330,274 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of UBS Group by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 135,357,012 shares of the bank’s stock worth $4,595,641,000 after purchasing an additional 3,907,669 shares in the last quarter. Finally, Amundi lifted its holdings in shares of UBS Group by 18.2% during the second quarter. Amundi now owns 20,346,519 shares of the bank’s stock valued at $707,448,000 after purchasing an additional 3,125,744 shares in the last quarter.

Analyst Upgrades and Downgrades

UBS has been the topic of a number of research reports. Keefe, Bruyette & Woods downgraded shares of UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. BNP Paribas cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Citigroup restated a “neutral” rating on shares of UBS Group in a research note on Monday, November 3rd. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of NYSE UBS opened at $42.72 on Tuesday. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $43.76. The business’s 50 day moving average price is $39.04 and its 200 day moving average price is $37.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.69. The firm has a market cap of $136.97 billion, a P/E ratio of 19.24, a P/E/G ratio of 0.70 and a beta of 1.13.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.28. The business had revenue of $12.76 billion for the quarter, compared to analyst estimates of $9.68 billion. UBS Group had a net margin of 11.02% and a return on equity of 8.31%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share. On average, sell-side analysts expect that UBS Group AG will post 1.9 earnings per share 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.