57,103 Shares in UBS Group AG $UBS Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of UBS Group AG (NYSE:UBS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 57,103 shares of the bank’s stock, valued at approximately $1,931,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Maseco LLP purchased a new position in shares of UBS Group in the 2nd quarter worth approximately $28,000. Quarry LP bought a new stake in UBS Group in the first quarter worth $37,000. Westside Investment Management Inc. boosted its stake in UBS Group by 535.2% during the second quarter. Westside Investment Management Inc. now owns 1,137 shares of the bank’s stock worth $38,000 after buying an additional 958 shares during the period. Geneos Wealth Management Inc. boosted its stake in UBS Group by 62.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock worth $46,000 after buying an additional 573 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in UBS Group during the second quarter valued at $65,000.

UBS Group Price Performance

UBS opened at $38.97 on Wednesday. The company has a market capitalization of $124.95 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 0.66 and a beta of 1.20. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a 12-month low of $25.75 and a 12-month high of $42.56. The business’s fifty day simple moving average is $39.84 and its 200-day simple moving average is $36.63.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UBS. BNP Paribas lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Bank of America raised shares of UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Keefe, Bruyette & Woods lowered UBS Group from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 7th. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Morgan Stanley reissued an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average 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.