Bessemer Group Inc. Has $2.29 Million Holdings in UBS Group AG $UBS

Bessemer Group Inc. grew its position in UBS Group AG (NYSE:UBS) by 6.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,727 shares of the bank’s stock after purchasing an additional 3,966 shares during the quarter. Bessemer Group Inc.’s holdings in UBS Group were worth $2,290,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UBS. Maseco LLP bought a new stake in UBS Group in the 2nd quarter valued at $28,000. Quarry LP bought a new stake in shares of UBS Group in the first quarter valued at about $37,000. Berbice Capital Management LLC grew its stake in shares of UBS Group by 44.4% in the first quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after acquiring an additional 400 shares in the last quarter. Geneos Wealth Management Inc. increased its position 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 acquiring an additional 573 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in UBS Group in the 2nd quarter worth about $65,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UBS shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Bank of America upgraded UBS Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. Zacks Research raised UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded UBS Group from a “hold” rating to a “sell” rating in a research note on Sunday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Price Performance

Shares of UBS stock opened at $38.03 on Friday. The business has a fifty day simple moving average of $40.17 and a 200 day simple moving average of $35.99. The company has a market cap of $121.93 billion, a P/E ratio of 17.13, a P/E/G ratio of 0.66 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 3.77. UBS Group AG has a twelve month low of $25.75 and a twelve month high of $42.56.

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

About UBS Group

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.