Atlas Capital Advisors Inc. Takes Position in UBS Group AG $UBS

Atlas Capital Advisors Inc. bought a new stake in UBS Group AG (NYSE:UBS) during the fourth quarter, HoldingsChannel.com reports. The fund bought 26,301 shares of the bank’s stock, valued at approximately $1,218,000.

A number of other hedge funds have also made changes to their positions in the business. Marshall Wace LLP acquired a new stake in UBS Group during the 4th quarter valued at $84,867,000. CANADA LIFE ASSURANCE Co grew its holdings in UBS Group by 8.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 3,221,371 shares of the bank’s stock worth $150,300,000 after acquiring an additional 242,984 shares in the last quarter. AlTi Global Inc. acquired a new position in UBS Group during the 4th quarter worth $205,000. Stifel Financial Corp grew its holdings in UBS Group by 0.9% during the 4th quarter. Stifel Financial Corp now owns 553,795 shares of the bank’s stock worth $25,646,000 after acquiring an additional 4,914 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in UBS Group by 7.7% during the 4th quarter. Neuberger Berman Group LLC now owns 205,938 shares of the bank’s stock worth $9,569,000 after acquiring an additional 14,719 shares in the last quarter.

UBS Group Trading Down 0.1%

UBS Group stock opened at $48.93 on Monday. The firm has a 50 day simple moving average of $44.69 and a 200-day simple moving average of $43.49. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.85 and a quick ratio of 1.19. The stock has a market capitalization of $152.84 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 0.84 and a beta of 1.19. UBS Group AG has a 12-month low of $30.36 and a 12-month high of $49.36.

UBS Group (NYSE:UBS) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $13.64 billion during the quarter, compared to analysts’ expectations of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. As a group, equities research analysts expect that UBS Group AG will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

UBS has been the subject of several research reports. Morgan Stanley reaffirmed an “underweight” rating on shares of UBS Group in a report on Thursday, April 23rd. Barclays raised shares of UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings lowered shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a report on Wednesday, May 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of UBS Group in a report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, UBS Group presently has an average rating of “Hold” and an average target price of $60.30.

UBS Group Profile

UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.

Key business activities include global wealth management—offering financial planning, investment advisory, discretionary portfolio management and custody services—alongside asset management products for institutional and retail investors.