Virtu Financial LLC Makes New $444,000 Investment in UBS Group AG (NYSE:UBS)

Virtu Financial LLC bought a new stake in UBS Group AG (NYSE:UBS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 14,376 shares of the bank’s stock, valued at approximately $444,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Anchor Investment Management LLC purchased a new position in shares of UBS Group in the 4th quarter valued at approximately $28,000. Cary Street Partners Investment Advisory LLC grew its stake 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 purchasing an additional 512 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of UBS Group by 91.2% in the fourth quarter. First Horizon Advisors Inc. now owns 1,543 shares of the bank’s stock valued at $48,000 after buying an additional 736 shares in the last quarter. Naples Money Management LLC purchased a new stake in shares of UBS Group in the fourth quarter valued at approximately $51,000. Finally, Global Retirement Partners LLC boosted its stake in shares of UBS Group by 24.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,080 shares of the bank’s stock valued at $61,000 after buying an additional 402 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently weighed in on UBS. Citigroup downgraded UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Finally, Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

UBS Group Stock Up 0.6 %

UBS opened at $31.19 on Wednesday. UBS Group AG has a one year low of $19.25 and a one year high of $32.13. The business’s fifty day moving average is $29.55 and its two-hundred day moving average is $29.63. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.00.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Tuesday, May 7th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The company had revenue of $12.74 billion during the quarter, compared to analysts’ expectations of $12.05 billion. As a group, equities analysts forecast that UBS Group AG will post 0.78 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.