Rhumbline Advisers Buys 1,760 Shares of UBS Group AG (NYSE:UBS)

Rhumbline Advisers increased its stake in UBS Group AG (NYSE:UBS) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,403 shares of the bank’s stock after buying an additional 1,760 shares during the period. Rhumbline Advisers’ holdings in UBS Group were worth $1,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Drive Wealth Management LLC increased its stake in shares of UBS Group by 3.2% in the 2nd quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock worth $328,000 after acquiring an additional 349 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in UBS Group by 3.5% in the first quarter. D Orazio & Associates Inc. now owns 11,264 shares of the bank’s stock worth $346,000 after purchasing an additional 381 shares during the period. Hexagon Capital Partners LLC increased its stake in shares of UBS Group by 11.2% during the first quarter. Hexagon Capital Partners LLC now owns 4,166 shares of the bank’s stock valued at $128,000 after purchasing an additional 420 shares in the last quarter. Traveka Wealth LLC lifted its holdings in shares of UBS Group by 6.2% during the second quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock valued at $221,000 after purchasing an additional 435 shares during the last quarter. Finally, Legacy Capital Group California Inc. boosted its position in shares of UBS Group by 1.1% in the 2nd quarter. Legacy Capital Group California Inc. now owns 41,331 shares of the bank’s stock worth $1,221,000 after purchasing an additional 447 shares in the last quarter.

UBS Group Trading Down 1.6 %

NYSE:UBS opened at $29.90 on Friday. The stock has a market cap of $95.87 billion, a price-to-earnings ratio of 3.26 and a beta of 1.15. 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’s 50 day moving average price is $29.92 and its 200-day moving average price is $30.03. UBS Group AG has a 52 week low of $23.23 and a 52 week high of $32.13.

UBS Group (NYSE:UBS) last issued its earnings results 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 return on equity of 2.14% and a net margin of 2.31%. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the business posted $1.88 EPS. On average, equities research analysts forecast that UBS Group AG will post 1.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Bank of America began coverage on UBS Group in a research report on Thursday. They set a “neutral” rating for the company. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.