Park Avenue Securities LLC Has $1.77 Million Stake in UBS Group AG (NYSE:UBS)

Park Avenue Securities LLC lifted its stake in shares of UBS Group AG (NYSE:UBS) by 55.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,927 shares of the bank’s stock after buying an additional 20,722 shares during the quarter. Park Avenue Securities LLC’s holdings in UBS Group were worth $1,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of UBS. Rakuten Securities Inc. acquired a new stake in UBS Group in the 4th quarter valued at $30,000. Headlands Technologies LLC acquired a new stake in UBS Group in the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in UBS Group in the 4th quarter valued at $41,000. Continuum Advisory LLC grew its position in UBS Group by 31.1% in the 4th quarter. Continuum Advisory LLC now owns 2,009 shares of the bank’s stock valued at $61,000 after purchasing an additional 477 shares during the period. Finally, Farther Finance Advisors LLC grew its position in UBS Group by 27.6% in the 4th quarter. Farther Finance Advisors LLC now owns 2,230 shares of the bank’s stock valued at $68,000 after purchasing an additional 482 shares during the period.

Analyst Upgrades and Downgrades

UBS has been the topic of several recent analyst reports. DZ Bank upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 6th. Bank of America cut UBS Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 27th. Wedbush restated a “neutral” rating on shares of UBS Group in a research note on Tuesday, May 27th. Jefferies Financial Group upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Tuesday, June 3rd. Finally, Morgan Stanley cut UBS Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Performance

Shares of UBS stock opened at $32.25 on Wednesday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.05 and a current ratio of 1.06. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $35.84. The stock has a 50 day moving average price of $30.52 and a two-hundred day moving average price of $31.91. The company has a market capitalization of $103.41 billion, a P/E ratio of 21.22 and a beta of 1.16.

UBS Group (NYSE:UBS) last announced its earnings results on Wednesday, April 30th. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $10.19 billion. UBS Group had a return on equity of 5.93% and a net margin of 6.93%. Analysts expect that UBS Group AG will post 1.9 earnings per share 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.