B. Riley Wealth Advisors Inc. Purchases Shares of 26,560 UBS Group AG $UBS

B. Riley Wealth Advisors Inc. bought a new position in shares of UBS Group AG (NYSE:UBS) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 26,560 shares of the bank’s stock, valued at approximately $898,000.

Several other hedge funds also recently added to or reduced their stakes in UBS. Coldstream Capital Management Inc. lifted its holdings in UBS Group by 1.1% in the 2nd quarter. Coldstream Capital Management Inc. now owns 26,179 shares of the bank’s stock worth $885,000 after buying an additional 290 shares in the last quarter. Prospera Financial Services Inc lifted its position in shares of UBS Group by 1.7% in the 2nd quarter. Prospera Financial Services Inc now owns 18,434 shares of the bank’s stock worth $623,000 after buying an additional 310 shares during the last quarter. Keel Point LLC boosted its stake in UBS Group by 3.8% in the second quarter. Keel Point LLC now owns 9,488 shares of the bank’s stock valued at $321,000 after acquiring an additional 346 shares during the period. Werba Rubin Papier Wealth Management increased its position in UBS Group by 4.3% in the second quarter. Werba Rubin Papier Wealth Management now owns 8,400 shares of the bank’s stock worth $284,000 after buying an additional 347 shares during the period. Finally, Dorsey & Whitney Trust CO LLC lifted its position 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 valued at $640,000 after purchasing an additional 358 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BNP Paribas lowered shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Citigroup reiterated a “neutral” rating on shares of UBS Group in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b)” rating on shares of UBS Group in a report on Wednesday, October 8th. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a research note on Monday, November 24th. Finally, Zacks Research cut shares of UBS Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

UBS Group Stock Down 1.1%

UBS Group stock opened at $42.72 on Tuesday. The firm has a market cap of $136.97 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 0.70 and a beta of 1.13. The company has a debt-to-equity ratio of 3.69, a current ratio of 1.03 and a quick ratio of 1.03. UBS Group AG has a fifty-two week low of $25.75 and a fifty-two week high of $43.76. The firm has a fifty day moving average price of $39.04 and a two-hundred day moving average price of $37.93.

UBS Group (NYSE:UBS) last posted its quarterly earnings results on Wednesday, October 29th. The bank reported $0.76 EPS for the quarter, beating the consensus estimate of $0.48 by $0.28. The firm had revenue of $12.76 billion during the quarter, compared to analysts’ expectations of $9.68 billion. UBS Group had a return on equity of 8.31% and a net margin of 11.02%.The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, analysts forecast 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.