Quinn Opportunity Partners LLC Invests $427,000 in UBS Group AG $UBS

Quinn Opportunity Partners LLC acquired a new stake in shares of UBS Group AG (NYSE:UBS) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 12,617 shares of the bank’s stock, valued at approximately $427,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prospera Financial Services Inc lifted its holdings in UBS Group by 1.7% during the second quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock valued at $623,000 after purchasing an additional 310 shares in the last quarter. Werba Rubin Papier Wealth Management lifted its stake in shares of UBS Group by 4.3% during the 2nd quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock valued at $284,000 after buying an additional 347 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in UBS Group by 1.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 20,902 shares of the bank’s stock worth $640,000 after buying an additional 358 shares in the last quarter. First National Bank of Hutchinson raised its holdings in UBS Group by 3.1% during the first quarter. First National Bank of Hutchinson now owns 12,384 shares of the bank’s stock valued at $379,000 after acquiring an additional 367 shares during the period. Finally, Allianz SE boosted its stake in shares of UBS Group by 3.2% in the first quarter. Allianz SE now owns 12,312 shares of the bank’s stock worth $374,000 after acquiring an additional 380 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Morgan Stanley reiterated an “underweight” rating on shares of UBS Group in a research report on Monday, October 6th. Keefe, Bruyette & Woods cut UBS Group from a “hold” rating to a “moderate sell” rating in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of UBS Group in a research note on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a research report on Monday, November 3rd. Finally, Zacks Research raised shares of UBS Group to a “strong-buy” rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

UBS Group Stock Up 1.5%

Shares of NYSE UBS opened at $39.58 on Thursday. UBS Group AG has a 1 year low of $25.75 and a 1 year high of $42.56. The firm has a 50-day simple moving average of $39.84 and a two-hundred day simple moving average of $36.65. The company has a market cap of $126.89 billion, a P/E ratio of 17.83, a PEG ratio of 0.66 and a beta of 1.20. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.05 and a quick ratio of 1.05.

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