45,238 Shares in UBS Group AG $UBS Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC purchased a new stake in UBS Group AG (NYSE:UBS) during the 1st quarter, Holdings Channel reports. The firm purchased 45,238 shares of the bank’s stock, valued at approximately $1,740,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new position in shares of UBS Group in the 1st quarter valued at about $25,000. MidFirst Bank bought a new stake in UBS Group during the fourth quarter worth about $30,000. Navalign LLC bought a new stake in UBS Group during the fourth quarter worth about $32,000. Larson Financial Group LLC boosted its position in UBS Group by 118.4% during the third quarter. Larson Financial Group LLC now owns 821 shares of the bank’s stock valued at $34,000 after purchasing an additional 445 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in UBS Group during the third quarter valued at approximately $37,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UBS. Morgan Stanley restated an “underweight” rating on shares of UBS Group in a research note on Thursday, July 2nd. Zacks Research upgraded UBS Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Citigroup reissued a “neutral” rating on shares of UBS Group in a report on Monday, July 20th. Weiss Ratings cut shares of UBS Group from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of UBS Group in a report on Thursday, May 7th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.30.

UBS Group Trading Up 0.3%

Shares of UBS Group stock opened at $51.69 on Friday. 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 business has a fifty day simple moving average of $49.69 and a two-hundred day simple moving average of $45.20. UBS Group AG has a 1 year low of $35.94 and a 1 year high of $55.15. The company has a market capitalization of $161.47 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 0.81 and a beta of 1.19.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $0.94 EPS for the quarter, beating the consensus estimate 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%. Research analysts forecast that UBS Group AG will post 3.51 EPS for the current year.

About UBS Group

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.