Diversify Wealth Management LLC Purchases 1,678 Shares of UBS Group AG (NYSE:UBS)

Diversify Wealth Management LLC lifted its position in UBS Group AG (NYSE:UBS) by 5.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,060 shares of the bank’s stock after buying an additional 1,678 shares during the period. Diversify Wealth Management LLC’s holdings in UBS Group were worth $992,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. lifted its position in UBS Group by 35.0% during the third quarter. Pinnacle Associates Ltd. now owns 13,123 shares of the bank’s stock valued at $406,000 after purchasing an additional 3,400 shares during the period. Autumn Glory Partners LLC bought a new position in UBS Group during the third quarter valued at approximately $252,000. Wealth Enhancement Advisory Services LLC lifted its position in UBS Group by 203.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 104,905 shares of the bank’s stock valued at $3,243,000 after purchasing an additional 70,278 shares during the period. Legacy Wealth Asset Management LLC lifted its position in UBS Group by 0.7% during the third quarter. Legacy Wealth Asset Management LLC now owns 60,705 shares of the bank’s stock valued at $1,876,000 after purchasing an additional 438 shares during the period. Finally, Mediolanum International Funds Ltd lifted its position in UBS Group by 5.7% during the third quarter. Mediolanum International Funds Ltd now owns 15,083 shares of the bank’s stock valued at $469,000 after purchasing an additional 812 shares during the period.

UBS Group Stock Down 4.5 %

Shares of UBS stock opened at $31.34 on Thursday. UBS Group AG has a 12 month low of $23.23 and a 12 month high of $32.90. The stock has a market cap of $100.49 billion, a P/E ratio of 59.13 and a beta of 1.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.07. The company has a 50 day simple moving average of $30.88 and a two-hundred day simple moving average of $30.19.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The business had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the prior year, the company earned $1.88 earnings per share. On average, research analysts expect that UBS Group AG will post 1.68 earnings per share for the current year.

Wall Street Analyst Weigh In

UBS has been the topic of a number of research analyst reports. Bank of America initiated coverage on shares of UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating on the stock. StockNews.com cut shares of UBS Group from a “buy” rating to a “hold” rating in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.