Beacon Pointe Advisors LLC Buys Shares of 7,006 UBS Group AG (NYSE:UBS)

Beacon Pointe Advisors LLC bought a new position in shares of UBS Group AG (NYSE:UBS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,006 shares of the bank’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in UBS Group by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 106,019 shares of the bank’s stock valued at $3,277,000 after purchasing an additional 1,114 shares during the period. Ritholtz Wealth Management grew its holdings in shares of UBS Group by 16.6% in the 4th quarter. Ritholtz Wealth Management now owns 206,803 shares of the bank’s stock valued at $6,270,000 after buying an additional 29,367 shares during the period. Kingsview Wealth Management LLC bought a new stake in shares of UBS Group in the 4th quarter valued at $218,000. M.E. Allison & CO. Inc. acquired a new stake in UBS Group during the 4th quarter worth $354,000. Finally, Jones Financial Companies Lllp lifted its holdings in UBS Group by 142.4% during the fourth quarter. Jones Financial Companies Lllp now owns 22,023 shares of the bank’s stock worth $668,000 after acquiring an additional 12,939 shares in the last quarter.

UBS Group Trading Up 0.2 %

NYSE UBS opened at $30.77 on Tuesday. The stock has a market capitalization of $98.65 billion, a price-to-earnings ratio of 20.24 and a beta of 1.15. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $35.84. The stock’s 50 day moving average price is $30.68 and its two-hundred day moving average price is $31.86. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06.

UBS Group (NYSE:UBS) last released its 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 net margin of 6.93% and a return on equity of 5.93%. The business had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. As a group, analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UBS. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Kepler Capital Markets upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods upgraded shares of UBS Group from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 17th. Finally, Bank of America lowered shares of UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, UBS Group presently has an average rating of “Hold”.

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.