Sanctuary Advisors LLC Takes $724,000 Position in UBS Group AG (NYSE:UBS)

Sanctuary Advisors LLC bought a new position in shares of UBS Group AG (NYSE:UBS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,446 shares of the bank’s stock, valued at approximately $724,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Drive Wealth Management LLC increased its holdings in shares of UBS Group by 3.2% in the second quarter. Drive Wealth Management LLC now owns 11,100 shares of the bank’s stock valued at $328,000 after buying an additional 349 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of UBS Group by 3.5% during 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 lifted its holdings 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 during the last quarter. Parallel Advisors LLC boosted its position in shares of UBS Group by 2.6% in the 2nd quarter. Parallel Advisors LLC now owns 16,552 shares of the bank’s stock valued at $489,000 after purchasing an additional 420 shares during the period. Finally, Traveka Wealth LLC increased its stake in UBS Group by 6.2% in the 2nd quarter. Traveka Wealth LLC now owns 7,466 shares of the bank’s stock worth $221,000 after purchasing an additional 435 shares in the last quarter.

UBS Group Stock Up 1.3 %

UBS opened at $32.02 on Monday. The company has a market capitalization of $102.67 billion, a PE ratio of 60.42 and a beta of 1.15. The business has a 50-day moving average of $30.14 and a 200-day moving average of $30.01. 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 debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06.

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

Wall Street Analyst Weigh In

Several brokerages have commented on UBS. Bank of America assumed coverage on shares of UBS Group in a report on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, UBS Group has a consensus rating of “Hold”.

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.