Vestmark Advisory Solutions Inc. Makes New Investment in UBS Group AG $UBS

Vestmark Advisory Solutions Inc. acquired a new stake in UBS Group AG (NYSE:UBS) in the third quarter, Holdings Channel.com reports. The firm acquired 99,503 shares of the bank’s stock, valued at approximately $4,080,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Flagship Wealth Advisors LLC bought a new stake in UBS Group during the 3rd quarter worth approximately $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in UBS Group during the second quarter valued at about $33,000. Private Trust Co. NA lifted its position in UBS Group by 75.2% in the 3rd quarter. Private Trust Co. NA now owns 853 shares of the bank’s stock worth $35,000 after buying an additional 366 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of UBS Group by 535.2% in the 2nd quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock worth $38,000 after acquiring an additional 958 shares during the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in shares of UBS Group by 2,566.7% in the 3rd quarter. Salomon & Ludwin LLC now owns 1,120 shares of the bank’s stock valued at $46,000 after purchasing an additional 1,078 shares in the last quarter.

UBS Group Price Performance

Shares of UBS stock opened at $41.47 on Tuesday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.03 and a current ratio of 1.02. The firm has a market cap of $129.56 billion, a P/E ratio of 17.57, a P/E/G ratio of 0.41 and a beta of 1.12. The business’s 50 day moving average price is $45.96 and its 200-day moving average price is $41.91. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $49.36.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, February 4th. The bank reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The company had revenue of $12.20 billion during the quarter, compared to analyst estimates of $9.88 billion. UBS Group had a return on equity of 8.68% and a net margin of 10.88%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. On average, equities research analysts anticipate that UBS Group AG will post 1.9 earnings per share for the current year.

UBS Group Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, April 23rd. Investors of record on Wednesday, April 22nd will be given a dividend of $0.55 per share. The ex-dividend date is Wednesday, April 22nd.

Analyst Ratings Changes

A number of brokerages recently commented on UBS. Weiss Ratings reiterated a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, January 21st. Zacks Research downgraded UBS Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 15th. Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. BNP Paribas Exane lowered UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

UBS Group Company Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.