UBS Group AG (NYSE:UBS) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in UBS Group AG (NYSE:UBS) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,596 shares of the bank’s stock after buying an additional 3,208 shares during the period. Advisors Asset Management Inc.’s holdings in UBS Group were worth $977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Commerce Bank lifted its holdings in shares of UBS Group by 3.9% during the third quarter. Commerce Bank now owns 9,278 shares of the bank’s stock worth $287,000 after purchasing an additional 346 shares during the period. West Family Investments Inc. acquired a new stake in UBS Group during the 3rd quarter valued at approximately $418,000. PNC Financial Services Group Inc. boosted its holdings in shares of UBS Group by 0.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 102,797 shares of the bank’s stock valued at $3,177,000 after acquiring an additional 521 shares during the last quarter. Caprock Group LLC increased its stake in shares of UBS Group by 6.7% in the third quarter. Caprock Group LLC now owns 10,676 shares of the bank’s stock worth $330,000 after acquiring an additional 671 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in shares of UBS Group by 44.9% during the third quarter. Thrivent Financial for Lutherans now owns 15,775 shares of the bank’s stock worth $488,000 after purchasing an additional 4,889 shares during the last quarter.

UBS Group Stock Performance

NYSE UBS opened at $31.19 on Wednesday. The stock has a market capitalization of $100.01 billion, a price-to-earnings ratio of 25.99 and a beta of 1.15. The stock has a 50-day moving average of $31.60 and a 200 day moving average of $30.73. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. UBS Group AG has a twelve month low of $26.00 and a twelve month high of $33.34.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The business had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the prior year, the company posted ($0.24) EPS. Sell-side analysts anticipate that UBS Group AG will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

UBS has been the topic of several analyst reports. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America initiated coverage on shares of UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About UBS Group

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.