Diversify Wealth Management LLC Increases Position in UBS Group AG (NYSE:UBS)

Diversify Wealth Management LLC lifted its position in UBS Group AG (NYSE:UBS) by 5.7% in the third quarter, HoldingsChannel.com reports. The firm owned 31,060 shares of the bank’s stock after purchasing an additional 1,678 shares during the quarter. Diversify Wealth Management LLC’s holdings in UBS Group were worth $992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC purchased a new stake in shares of UBS Group in the second quarter worth $41,000. RFP Financial Group LLC grew its stake in UBS Group by 58.3% during the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after acquiring an additional 526 shares in the last quarter. Larson Financial Group LLC grew its stake in 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 acquiring an additional 1,493 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in UBS Group by 566.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after acquiring an additional 1,416 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in UBS Group during the second quarter valued at $50,000.

UBS Group Price Performance

UBS stock opened at $31.34 on Thursday. UBS Group AG has a 52 week low of $23.23 and a 52 week high of $32.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.07. The company has a fifty day simple moving average of $30.88 and a two-hundred day simple moving average of $30.19. The firm has a market capitalization of $100.49 billion, a P/E ratio of 59.13 and a beta of 1.15.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the business earned $1.88 earnings per share. Analysts anticipate that UBS Group AG will post 1.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UBS shares. Bank of America started coverage on shares of UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.