Baader Bank Aktiengesellschaft Trims Stock Holdings in UBS Group AG $UBS

Baader Bank Aktiengesellschaft lessened its position in shares of UBS Group AG (NYSE:UBS) by 10.8% during the 1st quarter, Holdings Channel reports. The firm owned 321,846 shares of the bank’s stock after selling 38,994 shares during the quarter. UBS Group comprises 1.0% of Baader Bank Aktiengesellschaft’s portfolio, making the stock its 20th largest holding. Baader Bank Aktiengesellschaft’s holdings in UBS Group were worth $12,369,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC increased its holdings in UBS Group by 73.9% in the 1st quarter. AQR Capital Management LLC now owns 62,912 shares of the bank’s stock worth $1,927,000 after buying an additional 26,728 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in UBS Group by 18.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,518 shares of the bank’s stock valued at $137,000 after acquiring an additional 708 shares during the period. NewEdge Advisors LLC lifted its stake in UBS Group by 3.1% during the 1st quarter. NewEdge Advisors LLC now owns 41,772 shares of the bank’s stock valued at $1,279,000 after acquiring an additional 1,267 shares during the period. Focus Partners Wealth boosted its holdings in shares of UBS Group by 11.6% in the 1st quarter. Focus Partners Wealth now owns 14,111 shares of the bank’s stock valued at $432,000 after acquiring an additional 1,469 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of UBS Group by 62.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,497 shares of the bank’s stock valued at $46,000 after acquiring an additional 573 shares during the last quarter.

UBS Group Price Performance

NYSE:UBS opened at $51.47 on Tuesday. 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 company has a 50 day moving average price of $49.19 and a 200-day moving average price of $45.04. UBS Group AG has a 1-year low of $35.94 and a 1-year high of $55.15. The firm has a market cap of $160.79 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.19.

UBS Group (NYSE:UBS) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $13.64 billion for the quarter, compared to the consensus estimate of $13.16 billion. UBS Group had a net margin of 12.66% and a return on equity of 10.05%. Equities research analysts forecast that UBS Group AG will post 3.51 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research report on Monday, June 29th. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, April 20th. Finally, Wall Street Zen upgraded UBS Group from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.