Studio Investment Management LLC Purchases 464 Shares of UBS Group AG (NYSE:UBS)

Studio Investment Management LLC grew its holdings in UBS Group AG (NYSE:UBS) by 3.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,556 shares of the bank’s stock after purchasing an additional 464 shares during the quarter. Studio Investment Management LLC’s holdings in UBS Group were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new position in UBS Group in the second quarter valued at approximately $41,000. Benjamin F. Edwards & Company Inc. increased its stake 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 acquiring an additional 1,416 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of UBS Group during the 2nd quarter valued at $50,000. Opal Wealth Advisors LLC boosted its stake in UBS Group by 56.0% during the second quarter. Opal Wealth Advisors LLC now owns 2,125 shares of the bank’s stock worth $63,000 after acquiring an additional 763 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in UBS Group in the third quarter worth $71,000.

UBS Group Stock Performance

NYSE UBS opened at $31.74 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.87. The company has a fifty day simple moving average of $31.48 and a 200 day simple moving average of $30.64. UBS Group AG has a 12-month low of $25.98 and a 12-month high of $33.34. The company has a market cap of $101.77 billion, a P/E ratio of 26.45 and a beta of 1.15.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $19.31 billion during the quarter, compared to analysts’ expectations of $11.20 billion. During the same period last year, the company earned ($0.24) earnings per share. Sell-side analysts predict that UBS Group AG will post 1.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBS has been the topic of several research reports. StockNews.com upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Bank of America began coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. Three investment 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, the stock currently has an average rating of “Moderate Buy”.

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.