Simmons Bank Grows Holdings in UBS Group AG (NYSE:UBS)

Simmons Bank boosted its stake in UBS Group AG (NYSE:UBS) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 70,844 shares of the bank’s stock after buying an additional 4,104 shares during the period. Simmons Bank’s holdings in UBS Group were worth $2,189,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new stake in UBS Group in the fourth quarter valued at about $28,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of UBS Group by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,340 shares of the bank’s stock valued at $33,000 after acquiring an additional 512 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after acquiring an additional 736 shares in the last quarter. Naples Money Management LLC bought a new position in UBS Group during the fourth quarter worth $51,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in UBS Group by 118.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 1,868 shares of the bank’s stock worth $46,000 after purchasing an additional 1,013 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UBS. Societe Generale raised shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Finally, Citigroup downgraded UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

UBS Group Price Performance

NYSE UBS traded up $1.94 on Tuesday, hitting $29.54. The stock had a trading volume of 5,554,298 shares, compared to its average volume of 2,910,627. The company’s 50-day moving average is $29.55 and its two-hundred day moving average is $28.47. UBS Group AG has a one year low of $18.76 and a one year high of $32.13. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Tuesday, February 6th. The bank reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.18). The business had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $12.06 billion. UBS Group had a return on equity of 7.56% and a net margin of 43.70%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. On average, equities analysts predict that UBS Group AG will post 0.78 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.