Legacy Financial Advisors Inc. purchased a new stake in UBS Group AG (NYSE:UBS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,256 shares of the bank’s stock, valued at approximately $273,000.
A number of other hedge funds have also modified their holdings of UBS. Opal Wealth Advisors LLC acquired a new position in UBS Group in the first quarter valued at about $42,000. Nisa Investment Advisors LLC acquired a new position in shares of UBS Group in the 2nd quarter worth approximately $41,000. RFP Financial Group LLC lifted its holdings in shares of UBS Group by 58.3% in the 1st quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after acquiring an additional 526 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of UBS Group by 5,742.3% during the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after purchasing an additional 1,493 shares during the period. Finally, Mather Group LLC. acquired a new stake in UBS Group in the 1st quarter valued at approximately $51,000.
UBS Group Price Performance
Shares of UBS opened at $29.90 on Friday. The company has a market cap of $95.87 billion, a P/E ratio of 3.26 and a beta of 1.15. UBS Group AG has a fifty-two week low of $23.23 and a fifty-two week high of $32.13. 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 firm’s 50 day moving average price is $29.92 and its 200 day moving average price is $30.03.
Wall Street Analysts Forecast Growth
UBS has been the topic of a number of research reports. StockNews.com cut UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America initiated coverage on UBS Group in a research note on Thursday. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.
View Our Latest Analysis on UBS Group
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.
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