Legacy Capital Group California Inc. Increases Stock Holdings in UBS Group AG (NYSE:UBS)

Legacy Capital Group California Inc. boosted its holdings in UBS Group AG (NYSE:UBS) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,331 shares of the bank’s stock after acquiring an additional 447 shares during the period. Legacy Capital Group California Inc.’s holdings in UBS Group were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in UBS Group in the 1st quarter worth approximately $42,000. Nisa Investment Advisors LLC acquired a new stake in UBS Group in the 2nd quarter valued at $41,000. RFP Financial Group LLC raised its holdings in shares of UBS Group by 58.3% during the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after buying an additional 526 shares during the period. Larson Financial Group LLC raised its stake in shares of UBS Group by 5,742.3% during the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,493 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in UBS Group by 91.2% during the 4th quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock worth $48,000 after buying an additional 736 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 15th. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Finally, Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS Group stock remained flat at $30.46 during mid-day trading on Tuesday. 1,580,546 shares of the company were exchanged, compared to its average volume of 2,422,509. The company has a fifty day simple moving average of $30.12 and a 200-day simple moving average of $29.75. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. UBS Group AG has a 1-year low of $23.23 and a 1-year high of $32.13. The company has a market capitalization of $97.67 billion, a P/E ratio of 3.32 and a beta of 1.16.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the company posted $1.88 EPS. On average, research analysts predict that UBS Group AG will post 1.02 EPS for the current fiscal year.

UBS Group Company 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.