Townsquare Capital LLC Has $1.59 Million Holdings in UBS Group AG (NYSE:UBS)

Townsquare Capital LLC grew its position in shares of UBS Group AG (NYSE:UBS) by 40.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 51,533 shares of the bank’s stock after buying an additional 14,794 shares during the quarter. Townsquare Capital LLC’s holdings in UBS Group were worth $1,593,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Toronto Dominion Bank grew its position in UBS Group by 286.3% during the 2nd quarter. Toronto Dominion Bank now owns 272,309 shares of the bank’s stock worth $8,044,000 after acquiring an additional 201,809 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of UBS Group by 11,313.2% during the second quarter. Legal & General Group Plc now owns 41,389,783 shares of the bank’s stock worth $1,218,317,000 after purchasing an additional 41,027,134 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of UBS Group by 206.3% in the first quarter. Cetera Investment Advisers now owns 65,029 shares of the bank’s stock valued at $1,998,000 after buying an additional 43,800 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of UBS Group by 226.8% in the second quarter. AQR Capital Management LLC now owns 27,928 shares of the bank’s stock valued at $825,000 after buying an additional 19,382 shares during the last quarter. Finally, Fiera Capital Corp lifted its position in UBS Group by 81.4% during the 3rd quarter. Fiera Capital Corp now owns 111,500 shares of the bank’s stock worth $3,446,000 after buying an additional 50,041 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UBS. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Bank of America assumed coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS stock opened at $32.34 on Monday. The firm has a market cap of $103.70 billion, a price-to-earnings ratio of 26.95 and a beta of 1.15. UBS Group AG has a 12 month low of $26.00 and a 12 month high of $33.34. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.87. The stock has a 50-day moving average price of $31.69 and a 200 day moving average price of $30.76.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 EPS for the quarter, topping the consensus estimate of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The company had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same quarter in the previous year, the company earned ($0.24) EPS. Research analysts expect that UBS Group AG will post 1.73 EPS for the current year.

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.