Charles Schwab Investment Management Inc. Boosts Holdings in UBS Group AG (NYSE:UBS)

Charles Schwab Investment Management Inc. increased its position in UBS Group AG (NYSE:UBS) by 17.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,042 shares of the bank’s stock after purchasing an additional 33,089 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in UBS Group were worth $6,801,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in shares of UBS Group in the 2nd quarter worth about $41,000. Benjamin F. Edwards & Company Inc. increased its holdings in UBS Group by 566.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,666 shares of the bank’s stock valued at $49,000 after buying an additional 1,416 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in UBS Group during the second quarter valued at approximately $50,000. FSC Wealth Advisors LLC bought a new position in UBS Group during the 3rd quarter worth approximately $71,000. Finally, Rosenberg Matthew Hamilton grew its position in shares of UBS Group by 15.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,624 shares of the bank’s stock worth $81,000 after acquiring an additional 355 shares in the last quarter.

Analyst Ratings Changes

UBS has been the topic of several research analyst reports. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Bank of America began coverage on shares of UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

UBS Group Trading Up 1.5 %

NYSE:UBS opened at $32.18 on Thursday. The firm has a market capitalization of $103.18 billion, a P/E ratio of 26.82 and a beta of 1.14. The business has a 50 day simple moving average of $31.94 and a 200 day simple moving average of $30.86. The company has a debt-to-equity ratio of 3.87, a current ratio of 1.05 and a quick ratio of 1.05. UBS Group AG has a 12-month low of $26.00 and a 12-month high of $33.34.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, October 30th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.15. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the previous year, the company posted ($0.24) earnings per share. Equities research analysts predict that UBS Group AG will post 1.73 EPS for the current year.

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.