HPM Partners LLC bought a new position in UBS Group AG (NYSE:UBS) in the 4th quarter, HoldingsChannel.com reports. The firm bought 45,293 shares of the bank’s stock, valued at approximately $833,000.
A number of other hedge funds have also recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC lifted its position in UBS Group by 17.1% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 23,105 shares of the bank’s stock worth $425,000 after purchasing an additional 3,371 shares during the period. Private Advisor Group LLC lifted its position in UBS Group by 19.7% in the third quarter. Private Advisor Group LLC now owns 20,872 shares of the bank’s stock worth $356,000 after purchasing an additional 3,438 shares during the period. Engineers Gate Manager LP lifted its position in UBS Group by 2.1% in the third quarter. Engineers Gate Manager LP now owns 167,958 shares of the bank’s stock worth $2,880,000 after purchasing an additional 3,444 shares during the period. Advisor Group Inc. lifted its position in UBS Group by 21.6% in the fourth quarter. Advisor Group Inc. now owns 21,543 shares of the bank’s stock worth $396,000 after purchasing an additional 3,825 shares during the period. Finally, US Bancorp DE lifted its position in UBS Group by 11.5% in the fourth quarter. US Bancorp DE now owns 37,498 shares of the bank’s stock worth $690,000 after purchasing an additional 3,869 shares during the period. 36.72% of the stock is owned by hedge funds and other institutional investors.
UBS has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of UBS Group in a research report on Wednesday, March 7th. Morgan Stanley reaffirmed a “buy” rating on shares of UBS Group in a research report on Tuesday, February 13th. Zacks Investment Research raised UBS Group from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, January 15th. TheStreet raised UBS Group from a “d” rating to a “c” rating in a research report on Monday, November 27th. Finally, Credit Suisse Group raised UBS Group from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. UBS Group presently has a consensus rating of “Hold” and a consensus price target of $22.00.
UBS Group AG (NYSE UBS) opened at $18.23 on Wednesday. The stock has a market capitalization of $71,493.76, a price-to-earnings ratio of 62.86 and a beta of 1.30. UBS Group AG has a twelve month low of $15.10 and a twelve month high of $20.89. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.21 and a current ratio of 1.21.
UBS Group (NYSE:UBS) last issued its quarterly earnings data on Sunday, January 21st. The bank reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $7.31 billion during the quarter. UBS Group had a return on equity of 7.96% and a net margin of 3.16%. equities research analysts anticipate that UBS Group AG will post 1.7 EPS for the current year.
UBS Group declared that its Board of Directors has initiated a share buyback plan on Monday, January 22nd that authorizes the company to buyback shares. This buyback authorization authorizes the bank to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
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UBS Group Company Profile
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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