AQR Capital Management LLC Purchases 19,382 Shares of UBS Group AG (NYSE:UBS)

AQR Capital Management LLC raised its holdings in shares of UBS Group AG (NYSE:UBS) by 226.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,928 shares of the bank’s stock after purchasing an additional 19,382 shares during the period. AQR Capital Management LLC’s holdings in UBS Group were worth $825,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new position in UBS Group in the second quarter worth about $41,000. Opal Wealth Advisors LLC acquired a new position in shares of UBS Group during the first quarter worth $42,000. RFP Financial Group LLC increased its position in shares of UBS Group by 58.3% during the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock worth $44,000 after purchasing an additional 526 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of UBS Group by 5,742.3% in the first quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock valued at $47,000 after purchasing an additional 1,493 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,416 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Bank of America assumed coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating on the stock. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

UBS Group Stock Performance

Shares of UBS Group stock opened at $32.02 on Friday. The firm has a market capitalization of $102.67 billion, a P/E ratio of 60.42 and a beta of 1.15. UBS Group AG has a 52 week low of $23.23 and a 52 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 is $30.14 and its two-hundred day moving average is $30.02.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The business had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period last year, the firm posted $1.88 earnings per share. Research analysts forecast that UBS Group AG will post 1.36 EPS for the current fiscal year.

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.