First Horizon Advisors Inc. Buys 736 Shares of UBS Group AG (NYSE:UBS)

First Horizon Advisors Inc. raised its stake in UBS Group AG (NYSE:UBS) by 91.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,543 shares of the bank’s stock after buying an additional 736 shares during the period. First Horizon Advisors Inc.’s holdings in UBS Group were worth $48,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in UBS Group by 37.8% during the 3rd quarter. FMR LLC now owns 51,432,723 shares of the bank’s stock valued at $1,271,454,000 after purchasing an additional 14,104,407 shares during the period. WCM Investment Management LLC increased its position in shares of UBS Group by 6,797.0% during the fourth quarter. WCM Investment Management LLC now owns 4,635,670 shares of the bank’s stock worth $143,567,000 after buying an additional 4,568,457 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in UBS Group by 9.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,949,099 shares of the bank’s stock worth $1,424,902,000 after buying an additional 3,840,395 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in UBS Group by 543.6% in the third quarter. Acadian Asset Management LLC now owns 4,484,300 shares of the bank’s stock valued at $111,197,000 after buying an additional 3,787,579 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in UBS Group by 59.2% during the third quarter. Canada Pension Plan Investment Board now owns 3,188,920 shares of the bank’s stock valued at $79,096,000 after acquiring an additional 1,185,408 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. BNP Paribas downgraded UBS Group from an “outperform” rating to a “neutral” rating in a research note on Monday, April 22nd. Morgan Stanley raised shares of UBS Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 8th. Citigroup downgraded shares of UBS Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Societe Generale upgraded shares of UBS Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

UBS Group Trading Down 2.4 %

Shares of UBS Group stock opened at $28.83 on Thursday. UBS Group AG has a 52 week low of $18.76 and a 52 week high of $32.13. The stock has a 50 day moving average price of $29.55 and a two-hundred day moving average price of $28.47. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.10 and a quick ratio of 1.09.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Tuesday, February 6th. The bank reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.18). UBS Group had a net margin of 43.70% and a return on equity of 7.56%. The business had revenue of $10.86 billion during the quarter, compared to analyst estimates of $12.06 billion. During the same period in the previous year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 35.2% compared to the same quarter last year. Sell-side analysts forecast that UBS Group AG will post 0.78 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.