Pinnacle Wealth Planning Services Inc. Has $424,000 Stock Holdings in UBS Group AG $UBS

Pinnacle Wealth Planning Services Inc. grew its stake in shares of UBS Group AG (NYSE:UBS) by 14.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 12,528 shares of the bank’s stock after acquiring an additional 1,560 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in UBS Group were worth $424,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Prospera Financial Services Inc lifted its position in UBS Group by 1.7% during the second quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock worth $623,000 after purchasing an additional 310 shares during the period. Werba Rubin Papier Wealth Management raised its position in shares of UBS Group by 4.3% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock valued at $284,000 after buying an additional 347 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of UBS Group by 1.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock worth $640,000 after acquiring an additional 358 shares during the period. First National Bank of Hutchinson boosted its position in shares of UBS Group by 3.1% during the 1st quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank’s stock worth $379,000 after acquiring an additional 367 shares in the last quarter. Finally, Allianz SE increased its stake in UBS Group by 3.2% in the first quarter. Allianz SE now owns 12,312 shares of the bank’s stock valued at $374,000 after acquiring an additional 380 shares during the last quarter.

Analysts Set New Price Targets

UBS has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Zacks Research cut UBS Group from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report 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, Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

UBS Group Stock Down 0.6%

Shares of UBS opened at $38.03 on Wednesday. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56. The stock has a market capitalization of $121.94 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.66 and a beta of 1.20. The stock has a fifty day moving average of $39.70 and a 200-day moving average of $36.93.

UBS Group (NYSE:UBS) last issued its earnings results on Wednesday, October 29th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. The business had revenue of $12.20 billion during the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, sell-side analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current fiscal 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.