Pinnacle Associates Ltd. Acquires 5,122 Shares of UBS Group AG $UBS

Pinnacle Associates Ltd. increased its holdings in UBS Group AG (NYSE:UBS) by 23.9% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 26,555 shares of the bank’s stock after buying an additional 5,122 shares during the quarter. Pinnacle Associates Ltd.’s holdings in UBS Group were worth $898,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in UBS. Maseco LLP bought a new stake in shares of UBS Group during the 2nd quarter valued at about $28,000. Quarry LP bought a new stake in shares of UBS Group during the 1st quarter valued at about $37,000. Berbice Capital Management LLC grew its stake in shares of UBS Group by 44.4% during the 1st quarter. Berbice Capital Management LLC now owns 1,300 shares of the bank’s stock valued at $40,000 after purchasing an additional 400 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of UBS Group by 62.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after purchasing an additional 573 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of UBS Group during the 2nd quarter valued at about $65,000.

UBS Group Stock Down 1.2%

NYSE UBS opened at $37.91 on Tuesday. The stock’s 50 day moving average is $40.09 and its 200 day moving average is $36.23. 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 stock has a market cap of $121.54 billion, a PE ratio of 17.07, a P/E/G ratio of 0.66 and a beta of 1.18.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.28. UBS Group had a return on equity of 8.37% and a net margin of 11.02%.The company had revenue of $12.20 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. Research analysts predict that UBS Group AG will post 1.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Zacks Research upgraded UBS Group to a “strong-buy” rating in a research note on Friday, August 8th. Wall Street Zen upgraded UBS Group from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Monday, October 6th. Citigroup restated a “neutral” rating on shares of UBS Group in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Thursday, August 14th. Two investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.