Allspring Global Investments Holdings LLC Grows Stock Holdings in UBS Group AG (NYSE:UBS)

Allspring Global Investments Holdings LLC grew its position in shares of UBS Group AG (NYSE:UBS) by 6,907.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,841 shares of the bank’s stock after buying an additional 37,301 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in UBS Group were worth $1,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new position in shares of UBS Group during the 2nd quarter valued at $41,000. RFP Financial Group LLC lifted its position in shares of UBS Group by 58.3% in the first quarter. RFP Financial Group LLC now owns 1,429 shares of the bank’s stock valued at $44,000 after acquiring an additional 526 shares in the last quarter. Larson Financial Group LLC raised its stake in UBS Group by 5,742.3% during the 1st 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. Benjamin F. Edwards & Company Inc. lifted 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 worth $49,000 after buying an additional 1,416 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in UBS Group in the 2nd quarter worth $50,000.

UBS Group Price Performance

UBS Group stock opened at $30.67 on Friday. UBS Group AG has a 12-month low of $23.23 and a 12-month high of $32.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The firm has a 50-day moving average price of $30.88 and a 200-day moving average price of $30.19. The firm has a market capitalization of $98.34 billion, a PE ratio of 57.87 and a beta of 1.15.

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, beating the consensus estimate of $0.12 by $0.22. UBS Group had a return on equity of 2.14% and a net margin of 2.31%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the business earned $1.88 earnings per share. As a group, equities research analysts forecast that UBS Group AG will post 1.68 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on UBS shares. Bank of America started coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

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.