Belpointe Asset Management LLC Buys Shares of 2,199 UBS Group AG (NYSE:UBS)

Belpointe Asset Management LLC acquired a new stake in UBS Group AG (NYSE:UBS – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,199 shares of the bank’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Republic Investment Management Inc. acquired a new position in UBS Group during the 3rd quarter worth $187,000. Bleakley Financial Group LLC acquired a new position in shares of UBS Group during the 4th quarter worth about $253,000. Two Sigma Advisers LP boosted its position in shares of UBS Group by 0.4% during the 3rd quarter. Two Sigma Advisers LP now owns 1,652,985 shares of the bank’s stock worth $23,985,000 after acquiring an additional 6,900 shares in the last quarter. Janney Capital Management LLC boosted its position in shares of UBS Group by 1.3% during the 4th quarter. Janney Capital Management LLC now owns 729,330 shares of the bank’s stock worth $13,617,000 after acquiring an additional 9,559 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of UBS Group by 13.3% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 21,645 shares of the bank’s stock worth $314,000 after acquiring an additional 2,547 shares in the last quarter. Hedge funds and other institutional investors own 32.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods downgraded UBS Group from a “market perform” rating to an “underperform” rating in a report on Monday, March 20th. Bank of America raised UBS Group from a “neutral” rating to a “buy” rating in a report on Monday, March 20th. StockNews.com assumed coverage on UBS Group in a report on Thursday, May 18th. They issued a “hold” rating for the company. Societe Generale downgraded UBS Group from a “buy” rating to a “hold” rating and set a $18.86 target price for the company. in a report on Monday, March 20th. Finally, Royal Bank of Canada downgraded UBS Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, March 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UBS Group currently has an average rating of “Hold” and an average target price of $19.38.

UBS Group Stock Performance

Shares of UBS stock opened at $19.60 on Friday. The company has a market cap of $68.21 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.09. The stock has a 50 day simple moving average of $20.09 and a 200-day simple moving average of $19.93. UBS Group AG has a 12-month low of $13.80 and a 12-month high of $22.30. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 3.39.

About UBS Group

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UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management, Personal and Corporate Banking, Asset Management, Investment Bank, and Group Functions. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management.