24,309 Shares of UBS Group AG $UBS Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC bought a new stake in UBS Group AG (NYSE:UBS) during the third quarter, HoldingsChannel reports. The firm bought 24,309 shares of the bank’s stock, valued at approximately $1,170,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. boosted its position in UBS Group by 1.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 13,525 shares of the bank’s stock valued at $651,000 after purchasing an additional 219 shares during the last quarter. Net Worth Advisory Group increased its position in shares of UBS Group by 1.5% during the 3rd quarter. Net Worth Advisory Group now owns 18,224 shares of the bank’s stock worth $867,000 after purchasing an additional 277 shares during the last quarter. Trust Point Inc. increased its position in shares of UBS Group by 2.1% during the 2nd quarter. Trust Point Inc. now owns 13,926 shares of the bank’s stock worth $690,000 after purchasing an additional 288 shares during the last quarter. Cim LLC increased its position in shares of UBS Group by 0.7% during the 1st quarter. Cim LLC now owns 50,095 shares of the bank’s stock worth $1,957,000 after purchasing an additional 332 shares during the last quarter. Finally, MGO One Seven LLC raised its stake in shares of UBS Group by 2.8% during the 3rd quarter. MGO One Seven LLC now owns 12,409 shares of the bank’s stock worth $597,000 after purchasing an additional 335 shares in the last quarter.

UBS Group Stock Performance

UBS Group stock opened at $50.62 on Thursday. UBS Group AG has a 52 week low of $36.29 and a 52 week high of $55.99. The stock has a market capitalization of $158.15 billion, a P/E ratio of 15.84, a PEG ratio of 0.71 and a beta of 1.19. The stock has a 50-day simple moving average of $49.94 and a 200 day simple moving average of $47.14.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, October 28th. The bank reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.06). The business had revenue of $13.39 billion during the quarter, compared to the consensus estimate of $13.07 billion. UBS Group had a net margin of 13.36% and a return on equity of 10.77%. UBS Group’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. Research analysts forecast that UBS Group AG will post 3.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded UBS Group from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. DZ Bank reissued a “buy” rating on shares of UBS Group in a research note on Thursday, July 30th. Citigroup restated a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Zacks Research lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of UBS Group in a research note on Monday, September 28th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.30.

UBS Group News Summary

Here are the key news stories impacting UBS Group this week:

• Positive Sentiment: A lawmaker’s proposal may give UBS a new opportunity to reach a compromise over capital requirements, potentially easing concerns about the rules’ impact. The details and likelihood of a compromise are not yet clear. UBS Has New Chance of Capital Compromise After Lawmaker Plan
• Neutral Sentiment: UBS reportedly cut about 200 jobs in London in recent weeks. The move could lower costs, though the report does not specify the roles affected or expected savings. UBS slashes 200 jobs in London in recent weeks – report
• Negative Sentiment: Zacks Research lowered its UBS rating from “strong buy” to “hold,” a less bullish signal for the shares. Zacks Research stock recommendations
• Negative Sentiment: CEO Sergio Ermotti said cyber risks now rival traditional threats to banks, underscoring a significant operational risk for UBS and the sector. UBS CEO Ermotti Says Cyber Risks Rival Traditional Bank Threats

UBS Group Profile

UBS Group AG is a Switzerland-based global financial services company serving private, institutional and corporate clients. The company provides wealth management, asset management, investment banking and personal and corporate banking services. Its offerings include investment advice, portfolio management, lending, securities and foreign exchange services, financial planning, and banking products for individuals and businesses.

UBS operates through four principal business areas: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank.