Citizens Financial Group Inc. RI Acquires 3,543 Shares of UBS Group AG $UBS

Citizens Financial Group Inc. RI grew its holdings in UBS Group AG (NYSE:UBS) by 39.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,479 shares of the bank’s stock after buying an additional 3,543 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in UBS Group were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Maseco LLP purchased a new stake in shares of UBS Group during the second quarter worth $28,000. Quarry LP purchased a new stake in UBS Group during the 1st quarter worth about $37,000. Westside Investment Management Inc. boosted its stake in UBS Group by 535.2% in the 2nd quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock worth $38,000 after purchasing an additional 958 shares during the period. Geneos Wealth Management Inc. grew its holdings in UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after buying an additional 573 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of UBS Group during the second quarter valued at about $65,000.

UBS Group Stock Up 0.5%

Shares of NYSE:UBS opened at $38.21 on Thursday. The firm has a market capitalization of $122.51 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.66 and a beta of 1.20. The stock has a 50 day moving average price of $39.66 and a 200-day moving average price of $36.94. UBS Group AG has a 52-week low of $25.75 and a 52-week high of $42.56. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.05 and a current ratio of 1.05.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of UBS Group in a report on Thursday, August 14th. Citigroup restated a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Wall Street Zen raised shares of UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Keefe, Bruyette & Woods cut shares of UBS Group from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 7th. Finally, Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UBS Group presently has a consensus 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.