First Trust Direct Indexing L.P. Has $2.15 Million Holdings in UBS Group AG (NYSE:UBS)

First Trust Direct Indexing L.P. raised its holdings in shares of UBS Group AG (NYSE:UBS) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,917 shares of the bank’s stock after buying an additional 4,488 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in UBS Group were worth $2,148,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UBS. Axxcess Wealth Management LLC acquired a new position in shares of UBS Group during the third quarter worth approximately $534,000. Ameriprise Financial Inc. lifted its holdings in shares of UBS Group by 6.7% during the third quarter. Ameriprise Financial Inc. now owns 2,714,891 shares of the bank’s stock worth $67,506,000 after buying an additional 169,365 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of UBS Group by 9.9% during the third quarter. Evergreen Capital Management LLC now owns 23,841 shares of the bank’s stock worth $588,000 after buying an additional 2,144 shares during the last quarter. Jackson Wealth Management LLC lifted its holdings in shares of UBS Group by 2.8% during the third quarter. Jackson Wealth Management LLC now owns 140,387 shares of the bank’s stock worth $3,461,000 after buying an additional 3,888 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in shares of UBS Group by 20.0% in the third quarter. Royal London Asset Management Ltd. now owns 6,847,829 shares of the bank’s stock valued at $168,799,000 after purchasing an additional 1,140,312 shares in the last quarter.

UBS Group Stock Performance

Shares of NYSE UBS opened at $30.34 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.00. The business has a fifty day simple moving average of $30.00 and a 200 day simple moving average of $29.75. UBS Group AG has a one year low of $19.25 and a one year high of $32.13. The firm has a market capitalization of $97.28 billion, a price-to-earnings ratio of 3.31 and a beta of 1.16.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Tuesday, May 7th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.29. UBS Group had a return on equity of 7.78% and a net margin of 39.78%. The firm had revenue of $12.74 billion during the quarter, compared to analyst estimates of $12.05 billion. Sell-side analysts expect that UBS Group AG will post 0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

UBS has been the subject of a number of recent research reports. Morgan Stanley upgraded UBS Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, March 8th. Citigroup lowered UBS Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 23rd. Finally, BNP Paribas lowered UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.