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

Diversify Wealth Management LLC grew its stake in shares of UBS Group AG (NYSE:UBS) by 19.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,054 shares of the bank’s stock after purchasing an additional 5,994 shares during the quarter. Diversify Wealth Management LLC’s holdings in UBS Group were worth $1,197,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in UBS. Versant Capital Management Inc purchased a new position in shares of UBS Group in the fourth quarter valued at about $40,000. Continuum Advisory LLC grew its stake in shares of UBS Group by 41.6% in the third quarter. Continuum Advisory LLC now owns 1,532 shares of the bank’s stock worth $49,000 after purchasing an additional 450 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock worth $49,000 after purchasing an additional 1,416 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in UBS Group during the 3rd quarter valued at about $71,000. Finally, Rosenberg Matthew Hamilton raised its position in UBS Group by 15.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock valued at $81,000 after purchasing an additional 355 shares during the last quarter.

UBS Group Trading Up 2.7 %

NYSE:UBS opened at $34.05 on Tuesday. The firm has a market capitalization of $109.17 billion, a P/E ratio of 28.37 and a beta of 1.15. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a one year low of $26.00 and a one year high of $34.11. The company’s 50-day simple moving average is $31.69 and its 200 day simple moving average is $31.01.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. The company had revenue of $19.31 billion during the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. During the same quarter last year, the company earned ($0.24) EPS. As a group, analysts forecast that UBS Group AG will post 1.53 EPS for the current fiscal year.

Analyst Ratings Changes

UBS has been the subject of a number of recent analyst reports. Kepler Capital Markets upgraded UBS Group from a “hold” rating to a “buy” rating in a report on Friday, January 10th. BNP Paribas upgraded shares of UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Finally, StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.