Pinnacle Associates Ltd. Boosts Holdings in UBS Group AG $UBS

Pinnacle Associates Ltd. increased its holdings in UBS Group AG (NYSE:UBS) by 23.9% during the second quarter, Holdings Channel reports. The firm owned 26,555 shares of the bank’s stock after acquiring an additional 5,122 shares during the quarter. Pinnacle Associates Ltd.’s holdings in UBS Group were worth $898,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UBS. Maseco LLP purchased a new stake in shares of UBS Group during the 2nd quarter worth approximately $28,000. Quarry LP purchased a new stake in shares of UBS Group during the 1st quarter worth approximately $37,000. Berbice Capital Management LLC raised its holdings in shares of UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock worth $40,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after acquiring an additional 573 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of UBS Group during the 2nd quarter worth approximately $65,000.

Analyst Ratings Changes

Several analysts have recently issued reports on UBS shares. Zacks Research raised UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Bank of America raised UBS Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, July 22nd. Wall Street Zen raised UBS Group from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS Group stock opened at $37.91 on Tuesday. The stock’s fifty day moving average is $40.09 and its two-hundred day moving average is $36.23. The company has a market capitalization of $121.54 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.66 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 52 week low of $25.75 and a 52 week high of $42.56.

UBS Group (NYSE:UBS) last announced its quarterly earnings data on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, beating the consensus estimate of $0.48 by $0.28. The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $9.68 billion. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.UBS Group’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 EPS. As a group, analysts expect that UBS Group AG will post 1.9 earnings per share for the current year.

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.