UBS Group AG (NYSE:UBS) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lifted its position in UBS Group AG (NYSE:UBS) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,991 shares of the bank’s stock after acquiring an additional 1,764 shares during the period. Lake Street Advisors Group LLC’s holdings in UBS Group were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Performa Ltd US LLC purchased a new stake in UBS Group in the second quarter valued at $35,000. Ameritas Advisory Services LLC purchased a new stake in UBS Group in the first quarter valued at $41,000. First Manhattan Co. purchased a new stake in UBS Group in the fourth quarter valued at $47,000. Massmutual Trust Co. FSB ADV boosted its holdings in UBS Group by 53.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,480 shares of the bank’s stock valued at $50,000 after purchasing an additional 868 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in UBS Group by 78.4% in the second quarter. Hexagon Capital Partners LLC now owns 2,596 shares of the bank’s stock valued at $53,000 after purchasing an additional 1,141 shares during the last quarter. 36.44% of the stock is owned by institutional investors and hedge funds.

UBS Group Price Performance

UBS Group stock traded up $0.75 during midday trading on Friday, reaching $26.19. The company had a trading volume of 2,803,658 shares, compared to its average volume of 2,622,127. UBS Group AG has a 12-month low of $17.60 and a 12-month high of $26.97. The firm’s fifty day simple moving average is $24.74 and its 200-day simple moving average is $22.53. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 4.10.

UBS Group (NYSE:UBS) last issued its quarterly earnings results on Monday, November 6th. The bank reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.30). UBS Group had a net margin of 52.89% and a return on equity of 11.03%. The company had revenue of $19.72 billion during the quarter. During the same quarter in the previous year, the company earned $0.52 earnings per share. On average, analysts anticipate that UBS Group AG will post 1.03 EPS for the current year.

Analysts Set New Price Targets

UBS has been the topic of several recent research reports. StockNews.com initiated coverage on shares of UBS Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a research report on Friday, October 6th. Finally, Royal Bank of Canada upgraded UBS Group from a “sector perform” rating to an “outperform” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, UBS Group has a consensus rating of “Hold” and a consensus price target of $18.86.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions.