Thrivent Financial for Lutherans Raises Stock Position in UBS Group AG $UBS

Thrivent Financial for Lutherans raised its position in UBS Group AG (NYSE:UBS) by 6,413.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,061,842 shares of the bank’s stock after acquiring an additional 1,045,540 shares during the period. Thrivent Financial for Lutherans’ holdings in UBS Group were worth $35,813,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UBS. Coldstream Capital Management Inc. increased its stake in UBS Group by 1.1% during the second quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank’s stock worth $885,000 after acquiring an additional 290 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of UBS Group by 1.7% during the 2nd 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. Keel Point LLC increased its position in shares of UBS Group by 3.8% during the 2nd quarter. Keel Point LLC now owns 9,488 shares of the bank’s stock worth $321,000 after purchasing an additional 346 shares during the last quarter. Werba Rubin Papier Wealth Management increased its position in shares of UBS Group by 4.3% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock worth $284,000 after purchasing an additional 347 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in UBS Group by 1.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock valued at $640,000 after buying an additional 358 shares during the period.

Wall Street Analysts Forecast Growth

UBS has been the subject of several research analyst reports. BNP Paribas lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Citigroup reissued a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Zacks Research lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Bank of America raised UBS Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $60.30 in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.

UBS Group Stock Performance

Shares of UBS stock opened at $42.72 on Tuesday. The firm has a 50 day moving average of $39.04 and a two-hundred day moving average of $37.93. The stock has a market capitalization of $136.97 billion, a PE ratio of 19.24, a P/E/G ratio of 0.70 and a beta of 1.13. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 3.69. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $43.76.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 8.31% and a net margin of 11.02%.The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 earnings per share. On average, research analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

UBS Group 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.