UBS Group AG (NYSE:UBS) Shares Acquired by Raymond James & Associates

Raymond James & Associates raised its position in shares of UBS Group AG (NYSE:UBS) by 1.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,014,965 shares of the bank’s stock after purchasing an additional 12,380 shares during the quarter. Raymond James & Associates’ holdings in UBS Group were worth $31,373,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in shares of UBS Group in the 2nd quarter valued at approximately $41,000. RFP Financial Group LLC raised its holdings 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 during the period. Larson Financial Group LLC lifted its position in shares of UBS Group by 5,742.3% in the 1st quarter. Larson Financial Group LLC now owns 1,519 shares of the bank’s stock worth $47,000 after buying an additional 1,493 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of UBS Group by 566.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after buying an additional 1,416 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of UBS Group during the 2nd quarter valued at about $50,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UBS shares. Bank of America assumed coverage on UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com lowered 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 two have given a buy rating to the company. According to MarketBeat.com, UBS Group currently has a consensus rating of “Hold”.

UBS Group Trading Down 1.7 %

Shares of NYSE:UBS opened at $31.95 on Thursday. 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 company’s 50-day moving average price is $30.71 and its 200 day moving average price is $30.10. The company has a market cap of $102.45 billion, a PE ratio of 3.48 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 $32.88.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Wednesday, August 14th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. Sell-side analysts anticipate that UBS Group AG will post 1.69 earnings per share for the current year.

UBS Group 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.